Common use of No Acceleration of Payments Clause in Contracts

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.

Appears in 16 contracts

Sources: Executive Employment Agreement (Geo Group Inc), Senior Officer Employment Agreement (Geo Group Inc), Senior Officer Employment Agreement (Geo Group Inc)

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.

Appears in 7 contracts

Sources: Employment Agreement (Republic Services, Inc.), Employment Agreement (Republic Services, Inc.), Employment Agreement (Republic Services, Inc.)

No Acceleration of Payments. Neither the Company nor the EmployeeEmp1oyee, 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.

Appears in 1 contract

Sources: Senior Officer Employment Agreement (Geo Group Inc)

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.409A. 

Appears in 1 contract

Sources: Change of Control Agreement (Federated National Holding Co)