Delayed Distribution Date definition
Examples of Delayed Distribution Date in a sentence
If the Employee is a "Specified Employee" (as defined in Section 409A) at the time of his Separation from Service, then payments under this Section 7(b) which are not covered by the separation pay plan exemption from Section 409A set forth in Treasury Regulation §1.409A-1(b)(9)(iii), and as such constitute deferred compensation under Section 409A, shall not be paid until the Delayed Distribution Date.
To the extent that less than all of the Morgan Stanley Delayed Distribution Assets are being transferred on a Delayed Distribution Date, only the Morgan Stanley Delayed Distribution Liabilities related to such transferred Morgan Stanley Delayed Distribution Assets shall be required to be assumed on such date.
To the extent that less than all of the Citigroup Delayed Distribution Assets are being transferred on a Delayed Distribution Date, only the Citigroup Delayed Distribution Liabilities related to such transferred Citigroup Delayed Distribution Assets shall be required to be assumed on such date.
The Delayed Distribution Date set forth below must be a date at least 5 years following the Distribution Date set forth in Section 2 above.
If the Employee is a “Specified Employee” (as defined in Section 409A) at the time of his Separation from Service, then payments under this Section 7(e) which are not covered by the separation pay plan exemption from Section 409A set forth in Treasury Regulation §1.409A-1(b)(9)(iii), and as such constitute deferred compensation under Section 409A, shall not be paid until the Delayed Distribution Date.
If the Executive is a Specified Employee (as defined in Section 409A) at the time of his Separation from Service, then payments under this Section 6(c) which constitute deferred compensation under Section 409A shall not be paid until the 185th day following the Executive's Separation from Service, or his earlier death (the Delayed Distribution Date).
Any payments deferred on account of the preceding sentence shall be accumulated without interest and paid on the Delayed Distribution Date in accordance with the preceding sentence and Section 409A of the Code.