Document ID: 10670

Text:
(iii) the amounts payable under this Section4(b) shall be paid or commence to be paid within 60 days after the Date of Termination; provided, however, that if the 60-day period begins in one calendar year and ends in a second calendar year, such payment shall be paid or commence to be paid in the second calendar year by the last day of such 60-day period; provided, further, that the initial payment shall include a catch-up payment to cover amounts retroactive to the day immediately following the Date of Termination. Each payment pursuant to this Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section1.409A-2(b)(2) .

Named Entities:
40
42
TerminationDate
47
49
TerminationDate
118
125
Regulation

Tokenized Text:
(
iii
)
the
amounts
payable
under
this
Section4
(
b
)
shall
be
paid
or
commence
to
be
paid
within
60
days
after
the
Date
of
Termination
;
provided
,
however
,
that
if
the
60-day
period
begins
in
one
calendar
year
and
ends
in
a
second
calendar
year
,
such
payment
shall
be
paid
or
commence
to
be
paid
in
the
second
calendar
year
by
the
last
day
of
such
60-day
period
;
provided
,
further
,
that
the
initial
payment
shall
include
a
catch-up
payment
to
cover
amounts
retroactive
to
the
day
immediately
following
the
Date
of
Termination
.
Each
payment
pursuant
to
this
Agreement
is
intended
to
constitute
a
separate
payment
for
purposes
of
Treasury
Regulation
Section1
.
409A-2
(
b
)
(
2
)
.