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Deferred Payments
Deferred Payments contract clause examples

Deferred Compensation. [[Person A:Person]]’s Account balance under the [[MEC:Organization]] Deferred Compensation Plan shall be paid (subject to the application of deemed investment gain or loss in accordance with [section 4.3(e)] of the [[MEC:Organization]] Deferred Compensation Plan) to [[Person A:Person]] within thirty (30) days following [[Person A:Person]]’s Separation from Service, subject further to the requirement that if [[Person A:Person]] is a “specified employee” within the meaning of Code [Section 409A] as of the date of his Separation from Service, such distribution shall be made immediately after the date that is six months after the date of [[Person A:Person]]’s Separation from Service (or, if earlier, [[Person A:Person]]’s death). For purposes of this paragraph, the terms “Account” and “Separation from Service” shall have the meaning they are given in the [[MEC:Organization]] Deferred Compensation Plan.

Deferred Maintenance. Purchaser has identified three areas of potential deferred maintenance at the Property, as further set forth on [Schedule 6.6], attached hereto (“Deferred Maintenance”). At or prior to Closing, for each of the three identified areas Seller shall # deliver to Purchaser evidence reasonably satisfactory to Purchaser that the Tenant is responsible for the cost of all or a part of the Deferred Maintenance, or # provide a credit to Purchaser equal to the cost allocated to the applicable line item for Deferred Maintenance on [Schedule 6.6].

Deferred Compensation. Notwithstanding any other provision of this Agreement, [[Organization A:Organization]] extent that the right to any payment (including the provision of benefits) hereunder provides for the “deferral of compensation” within the meaning of Section 409A(d)(1) of the Code, the payment shall be paid (or provided) in accordance with the following:

Deferred Incentive Awards will be paid if the Bank’s market value of equity to par value of capital stock ratio is equal to, or greater than 100%.

Deferred Compensation. The failure by the Corporation to pay the Executive # any portion of the Executive’s then current compensation, except pursuant to an across-the-board compensation deferral similarly affecting all senior executives of the Corporation and required by applicable law or # any installment of deferred compensation at the time such installment is due under any deferred compensation program of the Corporation; or

Deferred Payments. “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered non qualified deferred compensation under Section 409A.

Deferred Payments. “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

Deferred Payments. “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive, if any, pursuant to this Agreement that, in each case, are or when considered together with any other severance payments or separation benefits are, considered deferred compensation under Section 409A.

Deferred Compensation. Notwithstanding anything to the contrary set forth herein, any payments and benefits provided under this Plan (the “Severance Benefits”) that constitute “deferred compensation” within the meaning of Section 409A of the Code and the regulations and other guidance thereunder and any state law of similar effect (collectively “[Section 409A]”) shall not commence in connection with a Participant’s termination of employment unless and until the Participant has also incurred a “separation from service” (as such term is defined in Treasury Regulation Section 1.409A-1(h) (“Separation From Service”), unless such amounts may be provided to the Participant without causing the Participant to incur the additional 20% tax under Section 409A.

Deferred Compensation. The failure by the Corporation to pay the Executive # any portion of the Executive’s then current compensation, except pursuant to an across-the-board compensation deferral similarly affecting all senior executives of the Corporation and required by applicable law or # any installment of deferred compensation at the time such installment is due under any deferred compensation program of the Corporation; or

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