No Acceleration of Payments Clause Samples
The "No Acceleration of Payments" clause prevents the early demand for payment of amounts that would otherwise become due at a later date under the contract. In practice, this means that even if certain events occur—such as a breach or default—the party owed money cannot require immediate payment of all future sums; payments must continue according to the original schedule. This clause provides predictability and financial stability for the paying party, ensuring that they are not suddenly faced with a large, unexpected financial obligation.
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No Acceleration of Payments. Neither the Company nor the Employee, individually or in combination, may accelerate any payment or benefit that is subject to Code Section 409A, except in compliance with Code Section 409A and the provisions of this Agreement, and no amount that is subject to Code Section 409A shall be paid prior to the earliest date on which it may be paid without violating Code Section 409A.
No Acceleration of Payments. Neither the Company nor the Executive, individually or in combination, may accelerate any payment or benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and no amount that is subject to Section 409A shall be paid prior to the earliest date on which it may be paid without violating Section 409A.
No Acceleration of Payments. Neither Employer nor Employee, individually or in combination, may accelerate any payment or benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and no amount shall be paid prior to the earliest date on which it may be paid without violating Section 409A.
No Acceleration of Payments. The Parties, neither individually or in combination, may accelerate any payment or benefit that is subject to Code Section 409A, except in compliance with Code Section 409A and the provisions of this Agreement, and no amount that is subject to Code Section 409A shall be paid prior to the earliest date on which it may be paid without violating Code Section 409A.
No Acceleration of Payments. No acceleration of payments and benefits provided for herein shall be permitted, except that the Company may accelerate payment, if permitted under the regulations under Section 409A of the Code, as necessary to allow the Employee to pay FICA taxes on amounts payable hereunder and additional taxes resulting from the payment of such FICA amount, or as necessary to pay taxes and penalties arising as a result of the payments provided for in this Agreement failing to meet the requirements of Section 409A of the Code.
No Acceleration of Payments. The Executive shall not be permitted, and the Company shall not have any discretion, to accelerate the timing or schedule of any payment or benefit under this Agreement that is subject to Code Section 409A, except as specifically provided herein or as may be permitted pursuant Code Section 409A and the Treasury Regulations thereunder.
No Acceleration of Payments. Neither Company nor Participant, individually or in combination, may accelerate any payment or benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and no amount that is subject to Section 409A shall be paid prior to the earliest date on which it may be paid without violating Section 409A. (Signature) By: /s/ R▇▇▇▇▇▇ ▇. ▇▇▇▇▇ R▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Chairman & CEO (Printed Name) (Date)
No Acceleration of Payments. Because this Agreement is based on Student's Future Income, Funder will not "accelerate" any amounts that are owed in the event that Student fails to make the Payment payments or fails to provide required information (both, events of default under this Agreement). There are penalties for breaches of this Agreement that are described below.
No Acceleration of Payments. No acceleration of payments and benefits provided for herein shall be permitted, except that the Company may accelerate payment, if permitted under the regulations under Section 409A.
No Acceleration of Payments. Neither Party, individually or in combination with the other, may accelerate any payment or benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and the Company will not pay any amount that is subject to Section 409A prior to the earliest date on which the Company may pay it without violating Section 409A.