Common use of Xxxxx in Payment in Certain Circumstances Clause in Contracts

Xxxxx in Payment in Certain Circumstances. If the Units become vested upon your separation from service pursuant to Sections 6(b) or 6(c) during a period in which you are a “specified employee” (as defined below), then, to the extent delivery of Shares would constitute non-exempt “deferred compensation” under Section 409A of the Code, your right to receive the Shares will be delayed until the earlier of your death or the first day of the seventh month following your separation from service.

Appears in 4 contracts

Samples: Award Agreement (Genworth Financial Inc), Genworth Financial Inc, Genworth Financial Inc

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