Common use of Specified Person Clause in Contracts

Specified Person. If the Company is a public company and Employee is a "specified person" under § 409A at the time that Employee has a separation from service, the payment of any severance under § 12(b) of the Amended Employment Agreement and any payments due under this § 30 shall be suspended until the date of Employee's death or the date which is 6 months and one day after the date of Employee's separation from service, whichever comes first, at which time all payments then due at the end of such suspension shall be paid in a lump sum.

Appears in 3 contracts

Samples: Employment Agreement (GeoVax Labs, Inc.), Employment Agreement (GeoVax Labs, Inc.), Employment Agreement (GeoVax Labs, Inc.)

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Specified Person. If the Company is a public company and Employee is a "specified person" under § 409A at the time that Employee has a separation from service, the payment of any severance under § 12(b) of the Amended 2008 Employment Agreement and any payments due under this § 30 19 shall be suspended until the date of Employee's death or the date which is 6 months and one day after the date of Employee's separation from service, whichever comes first, at which time all payments then due at the end of such suspension shall be paid in a lump sum.

Appears in 1 contract

Samples: Employment Agreement (GeoVax Labs, Inc.)

Specified Person. If the Company is a public company and Employee is a "specified person" under § 409A at the time that Employee has a separation from service, the payment of any severance under § 12(b) of the Amended 2007 Employment Agreement and any payments due under this § 30 19 shall be suspended until the date of Employee's death or the date which is 6 months and one day after the date of Employee's separation from service, whichever comes first, at which time all payments then due at the end of such suspension shall be paid in a lump sum.

Appears in 1 contract

Samples: Employment Agreement (GeoVax Labs, Inc.)

Specified Person. If the Company is a public company and Employee is a "specified person" under § 409A at the time that Employee has a separation from service, the payment of any severance under § 12(b) of the Amended 2010 Employment Agreement and any payments due under this § 30 19 shall be suspended until the date of Employee's death or the date which is 6 months and one day after the date of Employee's separation from service, whichever comes first, at which time all payments then due at the end of such suspension shall be paid in a lump sum.

Appears in 1 contract

Samples: Employment Agreement (GeoVax Labs, Inc.)

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Specified Person. If the Company is a public company and Employee is a "specified person" under § 409A at the time that Employee has a separation from service, the payment of any severance under § 12(b) of the Amended Employment Agreement and any payments due under this § 30 9 shall be suspended until the date of Employee's ’s death or the date which is 6 months and one day after the date of Employee's ’s separation from service, whichever comes first, at which time all payments then due at the end of such suspension shall be paid in a lump sum.

Appears in 1 contract

Samples: Employment Agreement (GeoVax Labs, Inc.)

Specified Person. If the Company is a public company and Employee is a "specified person" under § 409A at the time that Employee has a separation from service, the payment of any severance under § 12(b) of the Amended 2015 Employment Agreement and any payments due under this § 30 19 shall be suspended until the date of Employee's death or the date which is 6 months and one day after the date of Employee's separation from service, whichever comes first, at which time all payments then due at the end of such suspension shall be paid in a lump sum.

Appears in 1 contract

Samples: Employment Agreement (GeoVax Labs, Inc.)

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