Time of Payment Under Annual Incentive Award. A Holder’s payment under an Annual 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 (1) 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 Incentive Award payment is no longer subject to a Substantial Risk of Forfeiture or (2) at a time that is Permissible under Section 409A.
Appears in 3 contracts
Samples: Long Term Incentive Plan (Dex Media, Inc.), Long Term Incentive Plan (Supermedia Inc.), 2007 Long Term Incentive Plan (Rackspace Inc)
Time of Payment Under Annual Incentive Award. A Holder’s payment under an Annual 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 (1) 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 Incentive Award payment is no longer subject to a Substantial Risk of Forfeiture or (2) at a time that is Permissible permissible under Section 409A.
Appears in 3 contracts
Samples: 2006 Omnibus Incentive Plan (Quanex Corp), 2007 Long Term Incentive Plan (Rex Energy Corp), 2006 Omnibus Incentive Plan (Quanex Corp)
Time of Payment Under Annual Incentive Award. A Holder’s payment under an Annual 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 (1i) 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 Incentive Award payment is no longer subject to a Substantial Risk of Forfeiture or (2ii) at a time or upon an event that is Permissible permissible under Section 409A.
Appears in 2 contracts
Samples: Long Term Incentive Plan (Rex Energy Corp), Long Term Incentive Plan (Rex Energy Corp)
