Render fails after unchecking "Increment output file name if file with same name exists."

Issue - Unchecking the settings option for "Increment output file name if file with same name exists." causes the render to fail.

Adobe Media Encoder version number - Version 24.6.1 (Build 2)

Operating system - Sonoma 14.6.1

Steps to reproduce - 

1.  Open settings > General and deselect "Increment output file name if file with same name exists."
2.  Render V1 of the video file to destination folder.
3.  (Optional) Make video edits.
4.  Export video with matching file name to same destination folder.

Expected result - The file in the destination folder should be overwritten to prevent the buildup of multiple versions in destination folder.

Actual result -  The render itself fails to excecute, see attached error log.

For reference, see the following thread for others that have had a similar issue: https://community.adobe.com/t5/adobe-media-encoder-discussions/overwrite-file-command-not-adhered-to/td-p/13090829