Separate Payments. For purposes of Section 409A of the Code, each payment or amount due under this Agreement shall be considered a separate payment, and Executive’s entitlement to a series of payments under this Agreement is to be treated as an entitlement to a series of separate payments.
Appears in 21 contracts
Sources: Employment Agreement (Optex Systems Holdings Inc), Employment Agreement (Optex Systems Holdings Inc), Employment Agreement (HireQuest, Inc.)
Separate Payments. For purposes of Section 409A of the Code, each payment or amount due under this Agreement shall be considered a separate payment, and ExecutiveEmployee’s entitlement to a series of payments under this Agreement is to be treated as an entitlement to a series of separate payments. Any installment payments provided under this agreement shall be treated as a series of separate payments and to the maximum extent, each separate amount provided for under the Employment Agreement shall be a separately identifiable and determinable amount.
Appears in 1 contract
Sources: Separation and Release of Claims Agreement (Command Center, Inc.)
Separate Payments. For purposes of Code Section 409A of the Code409A, each payment amount or amount benefit due under this Agreement shall be considered a separate payment, payment and Executive’s entitlement to a series of payments or benefits under this Agreement is to be treated as an entitlement to a series of separate payments.
Appears in 1 contract
Sources: Executive Employment Agreement (Intrepid Potash, Inc.)
Separate Payments. For purposes of Section 409A of the Code, each payment or amount due under this Agreement shall be considered a separate payment, and ExecutiveEmployee’s entitlement to a series of payments under this Agreement Plan is to be treated as an entitlement to a series of separate payments.
Appears in 1 contract