Common use of Separate Payments and Payment Timing Clause in Contracts

Separate Payments and Payment Timing. Payment dates provided for in this Agreement will be deemed to incorporate grace periods that are treated as made upon a designated payment date within the meaning of Code Section 409A and Treas. Regs. §1.409A-3(d).

Appears in 3 contracts

Sources: Separation Agreement (Diamond Offshore Drilling Inc), Separation Agreement (Diamond Offshore Drilling Inc), Retirement Agreement (Diamond Offshore Drilling Inc)

Separate Payments and Payment Timing. Payment dates provided for in this Agreement will be deemed to incorporate grace periods that are treated as made upon a designated payment date within the meaning of Code Section 409A and Treas. Regs. §1.409A-3(d).

Appears in 1 contract

Sources: Separation Agreement (Diamond Offshore Drilling Inc)