Six Month Delay definition

Six Month Delay means the required delay in payment to a Participant who is a “specified employee” of amounts subject to Section 409A that are paid upon Separation from Service, pursuant to Code Section 409A(a)(2)(B)(i). When a Six Month Delay is required, the payment date shall be not before the date which is six months after the date of Separation from Service or, if earlier, the date of the Participant’s death. The term specified employee shall have the meaning ascribed to this term under Code Section 409A.
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Examples of Six Month Delay in a sentence

  • To the extent that the Six Month Delay Rule applies to payments otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of the Six Month Delay Rule, and the balance of the installments shall be payable in accordance with their original schedule.

  • Now let’s focus on what happens when the deployed parent RETURNS home.

  • To the extent payments under this Agreement are subject to Code Section 409A, the Six Month Delay Rule (described in Treas.

  • Following this sensitisation, many women in CODNET-U’s districts of operation became bolder and challenged injustices often meted on vulnerable persons, such as widows and girl children.

  • Notwithstanding the foregoing provisions, to the extent permitted under Section 409A, any separate payment or benefit under this Agreement or otherwise shall not be “deferred compensation” subject to Section 409A and the Six Month Delay to the extent provided in the exceptions in Treasury Regulation section 1.409A-1(b)(4) and (b)(9) and any other applicable exception or provision under Section 409A.

  • Section 409A – Six Month Delay on Separation From Service if Required.

  • To the extent that the Six Month Delay Rule applies to the provision of benefits (including, but not limited to, life insurance and medical insurance), such benefit coverage shall nonetheless be provided to Executive during the first six months following his separation from service (the “ Six Month Period”), provided that, during such Six-Month Period, Executive pays to the Company, on a monthly basis in advance, an amount equal to the Monthly Cost (as defined below) of such benefit coverage.

  • Be aware of UFFC-S publication metrics such as downloads, content, timeliness (sub-to-pub statistics), and impact factor; and publication costs.

  • The following section will describe these.Section 7.1.1 will describe the development environment that was used to create the applications.

  • Compliance with Code Section 409A 1815.2 Deferral and/or Distribution Elections 1815.1 Awards Subject to Code Section 409A 1815.4 Distributions Pursuant to Deferral Elections 1915.3 Subsequent Elections 1815.6 Death or Disability 1915.5 Six Month Delay 1915.7 No Acceleration of Distributions 1916.1 Required Withholding 19Article 16.

Related to Six Month Delay

  • Month means calendar month.

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;