Time of Payment Under Annual Cash Incentive Award. A Holder’s payment under an Annual Cash Incentive Award shall be made at such time as is specified in the applicable Award Agreement. The Award Agreement shall specify that the payment will be made (a) by a date that is no later than the date that is two and one-half (2 1/2) months after the end of the calendar year in which the Annual Cash Incentive Award payment is no longer subject to a Substantial Risk of Forfeiture or (b) at a time that is Permissible under Section 409A.
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Samples: 2010 Omnibus Incentive Plan (Viasat Inc), 2012 Omnibus Incentive Plan (Independence Contract Drilling, Inc.), 2010 Omnibus Incentive Plan (RigNet, Inc.)
Time of Payment Under Annual Cash Incentive Award. A Holder’s payment under an Annual Cash Incentive Award shall be made at such time as is specified in the applicable Award Agreement. The Award Agreement shall specify that the payment will be made (a1) by a date that is no later than the date that is two and one-half (2 1/2) months after the end of the calendar year in which the Annual Cash Incentive Award payment is no longer subject to a Substantial Risk of Forfeiture or (b2) at a time that is Permissible under Section 409A.
Appears in 2 contracts
Samples: 2009 Omnibus Incentive Plan (Rosetta Stone Inc), 2009 Omnibus Incentive Plan (Rosetta Stone Inc)
Time of Payment Under Annual Cash Incentive Award. A Holder’s 's payment under an Annual Cash Incentive Award shall be made at such time as is specified in the applicable Award Agreement. The Award Agreement shall specify that the payment will be made (a1) by a date that is no later than the date that is two and one-half (2 1/221/2) months after the end of the calendar year in which the Annual Cash Incentive Award payment is no longer subject to a Substantial Risk of Forfeiture or (b2) at a time that is Permissible under Section 409A.
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