Document ID: 11685

Text:
7.2 Exceptions to Payment Delay. Notwithstanding Section7.1 above, to the maximum extent permitted by applicable law, amounts payable to Executive pursuant to Section5 or Section6 shall be made in reliance upon Treasury Regulation 1.409A-1(b)(9) with respect to separation pay plans, or Treasury Regulation 1.409A-1(b)(4) with respect to short-term deferrals. Accordingly, the severance or post-termination payments provided for in Section5 and Section6 are not intended to provide for any deferral of compensation subject to Section409A of the Code to the extent that:

Named Entities:
38
45
Regulation

Tokenized Text:
7
.
2
Exceptions
to
Payment
Delay
.
Notwithstanding
Section7
.
1
above
,
to
the
maximum
extent
permitted
by
applicable
law
,
amounts
payable
to
Executive
pursuant
to
Section5
or
Section6
shall
be
made
in
reliance
upon
Treasury
Regulation
1
.
409A-1
(
b
)
(
9
)
with
respect
to
separation
pay
plans
,
or
Treasury
Regulation
1
.
409A-1
(
b
)
(
4
)
with
respect
to
short-term
deferrals
.
Accordingly
,
the
severance
or
post-termination
payments
provided
for
in
Section5
and
Section6
are
not
intended
to
provide
for
any
deferral
of
compensation
subject
to
Section409A
of
the
Code
to
the
extent
that
: