Document ID: 11008

Text:
(i) Any termination of Executives employment triggering payment of benefits under Section4 must constitute a separation from service under Section409A(a)(2)(A)(i) of the Code and Treas. Reg. 1.409A-1(h) before distribution of such benefits can commence. To the extent that the termination of Executives employment does not constitute a separation of service under Section409A(a)(2)(A)(i) of the Code and Treas. Reg. 1.409A-1(h) (as the result of further services that are reasonably anticipated to be provided by Executive to Company at the time Executives employment terminates), any such payments under Section4 that constitute deferred compensation under Section409A shall be delayed until after the date of a subsequent event constituting a separation of service under Section409A(a)(2)(A)(i) of the Code and Treas. Reg. 1.409A-1(h) . For purposes of clarification, this Section8(a) shall not cause any forfeiture of benefits on Executives part, but shall only act as a delay until such time as a separation from service occurs.

Named Entities:
38
44
Regulation
90
96
Regulation
171
177
Regulation

Tokenized Text:
(
i
)
Any
termination
of
Executives
employment
triggering
payment
of
benefits
under
Section4
must
constitute
a
separation
from
service
under
Section409A
(
a
)
(
2
)
(
A
)
(
i
)
of
the
Code
and
Treas
.
Reg
.
1
.
409A-1
(
h
)
before
distribution
of
such
benefits
can
commence
.
To
the
extent
that
the
termination
of
Executives
employment
does
not
constitute
a
separation
of
service
under
Section409A
(
a
)
(
2
)
(
A
)
(
i
)
of
the
Code
and
Treas
.
Reg
.
1
.
409A-1
(
h
)
(
as
the
result
of
further
services
that
are
reasonably
anticipated
to
be
provided
by
Executive
to
Company
at
the
time
Executives
employment
terminates
)
,
any
such
payments
under
Section4
that
constitute
deferred
compensation
under
Section409A
shall
be
delayed
until
after
the
date
of
a
subsequent
event
constituting
a
separation
of
service
under
Section409A
(
a
)
(
2
)
(
A
)
(
i
)
of
the
Code
and
Treas
.
Reg
.
1
.
409A-1
(
h
)
.
For
purposes
of
clarification
,
this
Section8
(
a
)
shall
not
cause
any
forfeiture
of
benefits
on
Executives
part
,
but
shall
only
act
as
a
delay
until
such
time
as
a
separation
from
service
occurs
.