Document ID: 11395

Text:
Each installment payable hereunder shall constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b), including Treasury Regulation Section 1.409A-2(b)(2) (iii). Each payment that is made within the terms of the short-term deferral rule set forth in Treasury Regulation Section 1.409A-1(b)(4) is intended to meet the short-term deferral rule. Each other payment is intended to be a payment upon an involuntary termination from service and payable pursuant to Treasury Regulation Section 1.409A-1(b)(9)(iii), et. seq., to the maximum extent permitted by that regulation, with any amount that is not exempt from Code Section 409A being subject to Code Section 409A.

Named Entities:
12
20
Regulation
55
63
Regulation

Tokenized Text:
Each
installment
payable
hereunder
shall
constitute
a
separate
payment
for
purposes
of
Treasury
Regulation
Section
1
.
409A-2
(
b
)
,
including
Treasury
Regulation
Section
1
.
409A-2
(
b
)
(
2
)
(
iii
)
.
Each
payment
that
is
made
within
the
terms
of
the
short-term
deferral
rule
set
forth
in
Treasury
Regulation
Section
1
.
409A-1
(
b
)
(
4
)
is
intended
to
meet
the
short-term
deferral
rule
.
Each
other
payment
is
intended
to
be
a
payment
upon
an
involuntary
termination
from
service
and
payable
pursuant
to
Treasury
Regulation
Section
1
.
409A-1
(
b
)
(
9
)
(
iii
)
,
et
.
seq
.
,
to
the
maximum
extent
permitted
by
that
regulation
,
with
any
amount
that
is
not
exempt
from
Code
Section
409A
being
subject
to
Code
Section
409A
.