Example ContractsClausesamount of paymentVariants
Remove:

Reduced Amount. Under this [Section 3.7], the payments under this Plan shall be reduced (but not below zero) so that the present value of such payments equals the Reduced Amount. The “Reduced Amount” (which may be zero) shall be an amount expressed in present value that maximizes the aggregate present value of payments under the Plan that can be made without causing any such payment to be subject to the excise tax under Code Section 4999.

Source document

Reduced Amount. Under this [Section 3.7],11(d)] the payments and distributions under this Plan shall be reduced (but not below zero) so that the present value of such payments equalsand distributions shall equal the Reduced Amount. The “Reduced Amount”“Reduced Amount” (which may be zero) shall be an amount expressed in present value thatwhich maximizes the aggregate present value of payments and distributions under thethis Plan thatwhich can be made without causing any such payment to be subject to the excise tax under Code Section 4999.

Source document
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.