Document ID: 11789

Text:
| 5.1. | If, when the Executives employment terminates, the Executive is a specified employee, as defined in Code Section409A(a)(2)(B)(i) , then despite any provision of this Agreement or other plan or agreement to the contrary, the Executive will not be entitled to the payments until the earliest of (a)the date that is at least six months after the Executives separation from service, as defined in Code Section409A, for reasons other than the Executives death, (b)the date of the Executives death, or (c)any earlier date that does not result in additional tax or interest to the Executive under Code Section409A. As promptly as possible after the end of the period during which payments are delayed under this provision, the entire amount of the delayed payments shall be paid to the Executive in a single lump sum with any remaining payments to commence in accordance with the terms of this Agreement or other applicable plan or agreement. ---|---|---

Named Entities:
24
25
Regulation

Tokenized Text:
|
5
.
1
.
|
If
,
when
the
Executives
employment
terminates
,
the
Executive
is
a
specified
employee
,
as
defined
in
Code
Section409A
(
a
)
(
2
)
(
B
)
(
i
)
,
then
despite
any
provision
of
this
Agreement
or
other
plan
or
agreement
to
the
contrary
,
the
Executive
will
not
be
entitled
to
the
payments
until
the
earliest
of
(
a
)
the
date
that
is
at
least
six
months
after
the
Executives
separation
from
service
,
as
defined
in
Code
Section409A
,
for
reasons
other
than
the
Executives
death
,
(
b
)
the
date
of
the
Executives
death
,
or
(
c
)
any
earlier
date
that
does
not
result
in
additional
tax
or
interest
to
the
Executive
under
Code
Section409A
.
As
promptly
as
possible
after
the
end
of
the
period
during
which
payments
are
delayed
under
this
provision
,
the
entire
amount
of
the
delayed
payments
shall
be
paid
to
the
Executive
in
a
single
lump
sum
with
any
remaining
payments
to
commence
in
accordance
with
the
terms
of
this
Agreement
or
other
applicable
plan
or
agreement
.
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