Document ID: 10266

Text:
(ii) To the extent any portion of the Severance Amount exceeds the safe harbor amount described in Treasury Regulation 1.409A-1(b)(9) (iii)(A), Executive shall receive such portion of the Severance Amount that exceeds the safe harbor amount in a single lump sum payment payable on the first Company payroll date that occurs on or following the sixtieth (60th) day following the termination date.

Named Entities:
19
23
Regulation

Tokenized Text:
(
ii
)
To
the
extent
any
portion
of
the
Severance
Amount
exceeds
the
safe
harbor
amount
described
in
Treasury
Regulation
1
.
409A-1
(
b
)
(
9
)
(
iii
)
(
A
)
,
Executive
shall
receive
such
portion
of
the
Severance
Amount
that
exceeds
the
safe
harbor
amount
in
a
single
lump
sum
payment
payable
on
the
first
Company
payroll
date
that
occurs
on
or
following
the
sixtieth
(
60th
)
day
following
the
termination
date
.