Common use of Installments as Separate Payment Clause in Contracts

Installments as Separate Payment. For purposes of Section 409A, Executive’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments.

Appears in 3 contracts

Sources: Employment Agreement (Renovaro Inc.), Employment Agreement (Renovaro Inc.), Employment Transition Agreement (Wabash National Corp /De)

Installments as Separate Payment. For purposes of Section 409A, the Executive’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments.

Appears in 2 contracts

Sources: Change in Control Severance Protection Agreement (Campbell Soup Co), Change in Control Severance Protection Agreement (Campbell Soup Co)