Common use of Deferred Payment Date Clause in Contracts

Deferred Payment Date. If the Participant so elects on the Date of Grant, then the Participant shall have the right to receive from the Company, within 90 days after the Deferred Payment Date, the cash payment (as determined in Sections 3(a-c)) with respect to this Award if vested on or before that date. “Deferred Payment Date” shall mean the earlier of the date of the Participant’s “separation from service” within the meaning of Section 409A of the Code or the Participant’s death.

Deferred Payment Date. If the Participant so elects on the Date of Grant, then the Participant shall have the right to receive from the Company, within 90 days after the Deferred Payment DateDate (as defined below), the cash payment (as determined in Sections 3(a-c)) number of Shares with respect to this which the Award if is vested on or before that date. “Deferred Payment Date” shall mean the earlier of the date of the Participant’s “separation from service” within the meaning of Section 409A of the Code or the Participant’s deathCode).