Timing of Certain Payments. Any compensation payable or provided under this Section 3 shall be paid or provided not later than two and one-half months after the calendar year in which such compensation is no longer subject to a substantial risk of forfeiture, within the meaning of Treasury Regulations Section 1.409A-l(d).
Appears in 16 contracts
Samples: Employment Agreement (Lake Shore Bancorp, Inc.), Employment Agreement (NB Bancorp, Inc.), Employment Agreement (NB Bancorp, Inc.)
Timing of Certain Payments. Any compensation payable or Except as provided under for in Section 3.3 of this Agreement, to the extent that this Section 3 provides for the deferral of compensation subject to Section 409A of the Code, the compensation shall be paid or provided not later than two and one-half months after the calendar year in which such the compensation is no longer subject to a substantial risk of forfeiture, within the meaning of Treasury Regulations Section 1.409A-l(d1.409A-1(d).
Appears in 5 contracts
Samples: Employment Agreement (Provident Bancorp, Inc. /MD/), Employment Agreement (Provident Bancorp, Inc. /MD/), Employment Agreement (Provident Bancorp, Inc.)
Timing of Certain Payments. Any compensation payable or provided under To the extent that this Section 3 provides for the deferral of compensation subject to Code Section 409A, the compensation shall be paid or provided not later than two and one-half months after the calendar year in which such the compensation is no longer subject to a substantial risk of forfeiture, within the meaning of Treasury Regulations Section 1.409A-l(d1.409A-1(d).
Appears in 3 contracts
Samples: Employment Agreement (Provident Bancorp, Inc. /MD/), Employment Agreement (Provident Bancorp, Inc. /MD/), Employment Agreement (Provident Bancorp, Inc. /MD/)
