Common use of Payment of Amounts Deferred and Vested Clause in Contracts

Payment of Amounts Deferred and Vested. Subject to Section 6(j), amounts credited to the Executive’s Deferred Compensation Account will be paid to the Executive (or the Executive’s designated beneficiary if the Executive dies before payment), subject to applicable withholding taxes on, or as soon as practicable after, the date the Executive separates from service with the Company (as defined in Treas. Reg. section 1.409A-1(h)). The Company, in its sole discretion, may provide an investment facility for all or a portion of such deferred amounts, but is not required to do so.