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Limitations on Amounts
Limitations on Amounts contract clause examples

G Limitations In [[Organization A:Organization]] event that [[Organization A:Organization]] severance and other benefits provided for in this Agreement or otherwise payable to Employee # constitute “parachute payments” within [[Organization A:Organization]] meaning of Section 280G of [[Organization A:Organization]] Code and # would be subject to [[Organization A:Organization]] excise tax imposed by Code Section 4999, then such benefits shall be either be: # delivered in full, or # delivered as to such lesser extent which would

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Employee # constitute “parachute payments” within the meaning of Section 280G of the Code, and # would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then Employee’s benefits under this Agreement shall be either

Code Section 280G. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Employee # constitute “parachute payments” within the meaning of Section 280G of the Code and # but for this Section 3(b), would be subject to the excise tax imposed by Section 4999 of the Code, then the Employee’s benefits under Section 2 of this Agreement shall be either:

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