Termination of Employment with the Company. For purposes of this Agreement and to the extent applicable to the Participant, the term “termination of employment” shall mean “separation from service” as defined in Section 409A of the Internal Revenue Code (“Section 409A”). To the extent payments are made during the periods permitted under Section 409A (including any applicable periods before or after the specified payment dates set forth in this Section 2(c)), the Company shall be deemed to have satisfied its obligations under the Plan and shall be deemed not to be in breach of its payments obligations hereunder.
Appears in 6 contracts
Samples: Performance Stock Unit Agreement (Domtar CORP), Performance Stock Unit Agreement (Resolute Forest Products Inc.), Performance Stock Unit Agreement (Resolute Forest Products Inc.)
Termination of Employment with the Company. For purposes of this Agreement and to the extent applicable to the Participant, the term “termination of employment” shall mean “separation from service” as defined in Section 409A of the Internal Revenue Code (“Section 409A”). To the extent payments are made during the periods permitted under Section 409A (including any applicable periods before or after the specified payment dates set forth in this Section 2(c)), the Company shall be deemed to have satisfied its obligations under the Plan and shall be deemed not to be in breach of its payments obligations hereunder.
Appears in 5 contracts
Samples: Performance Stock Unit Agreement (Resolute Forest Products Inc.), Performance Stock Unit Agreement (Resolute Forest Products Inc.), Performance Stock Unit Agreement (Resolute Forest Products Inc.)
