Common use of Mandatory Deferrals Clause in Contracts

Mandatory Deferrals. If the Company decides that the payment of compensation under the Plan shall be deferred within the meaning of Section 409A, then at the grant of the Award to which such payment relates, the Company shall specify in the Award Agreement the date(s) on which such compensation will be paid.

Appears in 2 contracts

Sources: 2014 Gravity Acquisition Stock Incentive Plan (AOL Inc.), Aol Inc. 2013 adap.tv Acquisition Stock Incentive Plan (AOL Inc.)