Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 25 contracts
Samples: Change in Control and Severance Agreement (Inseego Corp.), Change in Control and Severance Agreement, Change in Control and Severance Agreement (Inseego Corp.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his Executive’s separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 14 contracts
Samples: Severance Agreement (American Airlines, Inc.), Severance Agreement (American Airlines, Inc.), Severance Agreement (American Airlines, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii13(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 13 contracts
Samples: Change of Control Severance Agreement (Jacobs Engineering Group Inc /De/), Change of Control Severance Agreement (Jacobs Engineering Group Inc /De/), Change of Control Severance Agreement (Jacobs Engineering Group Inc /De/)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of the Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii12(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 13 contracts
Samples: Change in Control Severance Agreement (Ardelyx, Inc.), Change in Control Severance Agreement (Ardelyx, Inc.), Change in Control Severance Agreement (Ardelyx, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii12(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 12 contracts
Samples: Severance Benefit Agreement (Broadcom Inc.), Severance Benefit Agreement (Broadcom Inc.), Severance Benefit Agreement (Broadcom Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his or her separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day of the seventh month following the expiration date of the applicable Code Section 409A(a)(2)(B)(i) periodExecutive’s separation from service, all payments deferred pursuant to this Section 14(a)(ii10(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 11 contracts
Samples: Employment Agreement (Pieris Pharmaceuticals, Inc.), Employment Agreement (Pieris Pharmaceuticals, Inc.), Employment Agreement (Pieris Pharmaceuticals, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation or her Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month six-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 10 contracts
Samples: Change in Control and Severance Agreement (Ceribell, Inc.), Change in Control and Severance Agreement (Arteris, Inc.), Change in Control and Severance Agreement (Biomea Fusion, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of the Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii13(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 9 contracts
Samples: Change in Control Severance Agreement (Ardelyx, Inc.), Change in Control Severance Agreement (Ardelyx, Inc.), Change in Control Severance Agreement (Ardelyx, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed by Premier at the time of his separation Executive’s Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A1) the expiration of the six (6)-month six-month period measured from the date of Executive’s Separation from Service or (B2) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 7 contracts
Samples: Senior Executive Employment Agreement (Premier, Inc.), Senior Executive Employment Agreement (Premier, Inc.), Senior Executive Employment Agreement (Premier, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Executive’s Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month six-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 7 contracts
Samples: Executive Change in Control and Severance Agreement (Maxar Technologies Inc.), Change in Control and Severance Agreement (Intuity Medical, Inc.), Change in Control and Severance Agreement (Intuity Medical, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his or her separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 7 contracts
Samples: Change in Control and Severance Agreement (Inseego Corp.), Change in Control and Severance Agreement (Inseego Corp.), Change in Control Severance Agreement (Corvus Pharmaceuticals, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his or her separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of the Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii12(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 7 contracts
Samples: Change in Control and Severance Agreement (Adverum Biotechnologies, Inc.), Change in Control and Severance Agreement (Adverum Biotechnologies, Inc.), Change in Control and Severance Agreement (Adverum Biotechnologies, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his or her separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of the Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii11(a)(iii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 6 contracts
Samples: Change in Control and Severance Agreement (Adverum Biotechnologies, Inc.), Change in Control and Severance Agreement (Adverum Biotechnologies, Inc.), Change in Control and Severance Agreement (Adverum Biotechnologies, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his Executive’s separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of Executive’s Separation “separation from Service service” with the Company (as such term is defined in the Treasury Regulations issued under Section 409A of the Code) or (Bii) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii) subsection shall be paid in a lump sum to ExecutiveExecutive (without interest), and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 5 contracts
Samples: Employment Agreement (CHC Group Ltd.), Employment Agreement (CHC Group Ltd.), Employment Agreement (CHC Group Ltd.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation or her Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day of the seventh (7th) month following the expiration date of the applicable Code Section 409A(a)(2)(B)(i) periodExecutive’s Separation from Service, all payments deferred pursuant to this Section 14(a)(ii9(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 5 contracts
Samples: Employment Agreement (Nevro Corp), Employment Agreement (Nevro Corp), Employment Agreement (Restoration Robotics, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii24 (a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 5 contracts
Samples: Employment Agreement (Tumi Holdings, Inc.), Employment Agreement (Tumi Holdings, Inc.), Employment Agreement (Tumi Holdings, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day of the seventh (7th) month following the expiration date of the applicable Code Section 409A(a)(2)(B)(i) periodExecutive’s Separation from Service, all payments deferred pursuant to this Section 14(a)(ii9(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 5 contracts
Samples: Executive Employment Agreement (Clean Energy Technologies, Inc.), Employment Agreement (Kubient, Inc.), Employment Agreement (Kubient, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of the Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii11(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 5 contracts
Samples: Change in Control Severance Agreement (Ellie Mae Inc), Change in Control and Severance Agreement (Micrel Inc), Change in Control and Severance Agreement (Sarepta Therapeutics, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Executive’s Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month six-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii) 15 shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 5 contracts
Samples: Change in Control and Severance Agreement (Reddit, Inc.), Change in Control and Severance Agreement (Reddit, Inc.), Change in Control and Severance Agreement (Reddit, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Executive’s Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to until the earlier of (Aa) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii12(a)(iii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 4 contracts
Samples: Change in Control and Severance Agreement (Intermolecular Inc), Change in Control and Severance Agreement (Intermolecular Inc), Change in Control and Severance Agreement (Intermolecular Inc)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is you are deemed by the Company at the time of his your separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is you are entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s your benefits shall not be provided to Executive you prior to the earlier of (Ai) the expiration of the six (6)-month six-month period measured from the date of Executive’s Separation the your “separation from Service service” with the Company (as such term is defined in the Treasury Regulations issued under Section 409A of the Code) or (Bii) the date of Executive’s your death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii13(b) shall be paid in a lump sum to Executiveyou, and any remaining payments due under this the Agreement shall be paid as otherwise provided herein.
Appears in 4 contracts
Samples: Employment Agreement (Opentable Inc), Employment Agreement (Opentable Inc), Employment Agreement (Opentable Inc)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of the Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii11(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 3 contracts
Samples: Employment Agreement, Employment Agreement (Ellie Mae Inc), Employment Agreement (Ellie Mae Inc)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his or her separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day of the seventh month following the expiration date of the applicable Code Section 409A(a)(2)(B)(i) periodExecutive’s separation from service, all payments deferred pursuant to this Section 14(a)(ii11(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 3 contracts
Samples: Employment Agreement (Verrica Pharmaceuticals Inc.), Employment Agreement (Verrica Pharmaceuticals Inc.), Employment Agreement (Corvus Pharmaceuticals, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his or her separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii10(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 3 contracts
Samples: Employment Agreement (Relypsa Inc), Employment Agreement (Relypsa Inc), Employment Agreement (Relypsa Inc)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Executive’s Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to until the earlier of (Aa) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii12(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 3 contracts
Samples: Change in Control and Severance Agreement (diaDexus, Inc.), Change in Control and Severance Agreement (diaDexus, Inc.), Change in Control and Severance Agreement (diaDexus, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii13(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 3 contracts
Samples: Change in Control and Severance Agreement (Bebe Stores, Inc.), Change in Control and Severance Agreement (Bebe Stores, Inc.), Change in Control and Severance Agreement (Bebe Stores, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month six-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 2 contracts
Samples: Change in Control and Severance Agreement (Berkeley Lights, Inc.), Change in Control and Severance Agreement (Satsuma Pharmaceuticals, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is you are deemed by the Company at the time of his your separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is you are entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s your benefits shall not be provided to Executive you prior to the earlier of (Ai) the expiration of the six (6)-month six-month period measured from the date of Executive’s Separation the your “separation from Service service” with the Company (as such term is defined in the Treasury Regulations issued under Section 409A of the Code) or (Bii) the date of Executive’s your death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii12(b) shall be paid in a lump sum to Executiveyou, and any remaining payments due under this the Agreement shall be paid as otherwise provided herein.
Appears in 2 contracts
Samples: Employment Agreement (Opentable Inc), Employment Agreement (Opentable Inc)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his or her separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day of the seventh month following the expiration date of the applicable Code Section 409A(a)(2)(B)(i) periodExecutive’s separation from service, all payments deferred pursuant to this Section 14(a)(ii10(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 2 contracts
Samples: Employment Agreement (Corvus Pharmaceuticals, Inc.), Employment Agreement (Corvus Pharmaceuticals, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii15(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 2 contracts
Samples: Change in Control Severance Agreement (Nevro Corp), Change in Control and Severance Agreement (Wet Seal Inc)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation her Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day of the seventh (7th) month following the expiration date of the applicable Code Section 409A(a)(2)(B)(i) periodExecutive’s Separation from Service, all payments deferred pursuant to this Section 14(a)(ii9(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 2 contracts
Samples: Employment Agreement (Spruce Biosciences, Inc.), Employment Agreement (Spruce Biosciences, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of the Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii12 (a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 2 contracts
Samples: Change in Control Severance Agreement (Ardelyx, Inc.), Change in Control Severance Agreement (Ardelyx, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i409A(a)(2) (B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii16(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 2 contracts
Samples: Severance Benefit Agreement (Broadcom Inc.), Severance Benefit Agreement (Broadcom Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii13(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 2 contracts
Samples: Severance Benefit Agreement (Broadcom Inc.), Severance Benefit Agreement (Avago Technologies LTD)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of the Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii18(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Employment Agreement (Ellie Mae Inc)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month 6) month period measured from the date of Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day of the seventh (7th) month following the expiration date of the applicable Code Section 409A(a)(2)(B)(i) periodExecutive’s Separation from Service, all payments deferred pursuant to this Section 14(a)(ii9(c) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Employment Agreement (Kubient, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his or her separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six nine (6)-month 9)-month period measured from the date of the Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii11(a)(iii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Change in Control and Severance Agreement (Adverum Biotechnologies, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “"specified employee” " for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s 's benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of the Executive’s 's Separation from Service or (Bb) the date of Executive’s 's death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii1l (a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Change in Control and Severance Agreement (Sarepta Therapeutics, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Executive’s Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day of the seventh (7th) month following the expiration date of the applicable Code Section 409A(a)(2)(B)(i) periodExecutive’s Separation from Service, all payments deferred pursuant to this Section 14(a)(ii8(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii11(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Change in Control and Severance Agreement (Sarepta Therapeutics, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of the Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii13(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.. -- | ||
Appears in 1 contract
Samples: Change in Control and Severance Agreement (Micrel Inc)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his or her separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of the Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii11(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Change in Control and Severance Agreement (Adverum Biotechnologies, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Executive’s Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to until the earlier of (Aa) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii12(a)(iii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.. US-DOCS\84129140.1
Appears in 1 contract
Samples: Change in Control and Severance Agreement (Intermolecular Inc)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service Separation From Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii13(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Change in Control Severance Agreement (Raptor Pharmaceutical Corp)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(iiSection
14(a) (ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii25 (a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation or her Separation from service to be Service a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the payments or benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s payments or benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day of the seventh (7th) month following the expiration date of the applicable Code Section 409A(a)(2)(B)(i) periodExecutive’s Separation from Service, all payments deferred delayed pursuant to this Section 14(a)(iil 6(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six (6)-month six-month period measured from the date of Executive’s Separation from Service or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii13(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Change in Control and Severance Agreement (Corsair Gaming, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed by the Company at the time of his separation Separation from service Service to be a “"specified employee” " for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s 's benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month six-month period measured from the date of the Executive’s 's Separation from Service or (Bii) the date of Executive’s 's death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii3(d)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Executive Severance Agreement (Alliance HealthCare Services, Inc)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his or her separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day of the seventh month following the expiration date of the applicable Code Section 409A(a)(2)(B)(i) periodExecutive’s separation from service, all payments deferred pursuant to this Section 14(a)(ii10(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Employment Agreement (Corvus Pharmaceuticals, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Executive’s Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to until the earlier of (Aa) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii10(c) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Separation from service Service to be a “"specified employee” " for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s 's benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month 6)- month period measured from the date of Executive’s 's Separation from Service or (Bii) the date of Executive’s 's death. Upon the first business day of the seventh (7th) month following the expiration date of the applicable Code Section 409A(a)(2)(B)(i) periodExecutive's Separation from Service, all payments deferred pursuant to this Section 14(a)(ii9(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Employment Agreement (Kubient, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of the Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii17(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Employment Agreement (Ellie Mae Inc)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his separation Executive’s Separation from service Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Ai) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bii) the date of Executive’s death. Upon the first business day of the seventh (7th) month following the expiration date of the applicable Code Section 409A(a)(2)(B)(i) periodExecutive’s Separation from Service, all payments deferred pursuant to this Section 14(a)(ii9(b) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Employment Agreement (Nevro Corp)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his his/her separation from service to be a “"specified employee” " for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s 's benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of the Executive’s 's Separation from Service or (Bb) the date of Executive’s 's death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii1l (a)(iii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract
Samples: Change in Control and Severance Agreement (Sarepta Therapeutics, Inc.)
Specified Employee. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed at the time of his her separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (Aa) the expiration of the six (6)-month period measured from the date of Executive’s Separation from Service or (Bb) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this Section 14(a)(ii13(a)(ii) shall be paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid as otherwise provided herein.
Appears in 1 contract