Common use of 280G Stockholder Approval or Disapproval Clause in Contracts

280G Stockholder Approval or Disapproval. With respect to any payments and/or benefits that may constitute “parachute payments” under Section 280G of the Code with respect to any Persons in connection with the transactions contemplated by this Agreement, the Company shall have used commercially reasonable efforts to submit such parachute payments to the Company Stockholders for approval and the Company Stockholders shall have (i) approved in accordance with the regulations promulgated under Section 280G of the Code, any such parachute payments or (ii) shall have voted upon and disapproved (or failed to approve) such parachute payments, and, as a consequence, such parachute payments shall not be paid or provided for in accordance with applicable Law.

280G Stockholder Approval or Disapproval. With respect to any payments and/or benefits that may constitute “parachute payments” under Section 280G of the Code with respect to any Persons in connection with the transactions contemplated by this AgreementEmployees, the Company shall have used commercially reasonable efforts to submit submitted such parachute payments to the Company Stockholders for approval and the Company Stockholders shall have (ia) approved approved, pursuant to the method provided for in accordance with the regulations promulgated under Section 280G of the Code, any such “parachute payments payments” or (iib) shall have voted upon and disapproved (or failed to approve) such “parachute payments, ,” and, as a consequence, such “parachute payments payments” shall not be paid or provided for in accordance with applicable Law.

280G Stockholder Approval or Disapproval. With respect to any payments and/or benefits that may constitute “parachute payments” under Section 280G of the Code with respect to any Persons in connection with the transactions contemplated by this AgreementEmployees, the Company shall have used commercially reasonable efforts to submit submitted such parachute payments to the Company Stockholders for approval and the Company Stockholders shall have (i) approved approved, pursuant to the method provided for in accordance with the regulations promulgated under Section 280G of the Code, any such “parachute payments payments” or (ii) shall have voted upon and disapproved (or failed to approve) such “parachute payments, ,” and, as a consequence, such “parachute payments payments” shall not be paid or provided for in accordance with applicable Law.

280G Stockholder Approval or Disapproval. With respect to any payments and/or benefits that may constitute “parachute payments” under Section 280G of the Code with respect to any Persons in connection with the transactions contemplated by this AgreementEmployees, the Company shall have used commercially reasonable efforts to submit submitted such parachute payments to the Company Stockholders for approval and the Company Stockholders shall have (ia) approved approved, pursuant to the method provided for in accordance with the regulations promulgated under Section 280G of the Code, any such “parachute payments payments” or (iib) shall have voted upon and disapproved (or failed to approve) such “parachute payments, ,” and, as a consequence, such “parachute payments payments” shall not be paid or provided for in accordance with applicable Law. 6.

280G Stockholder Approval or Disapproval. With respect to any payments and/or benefits that may constitute “parachute payments” under Section 280G of the Code with respect to any Persons in connection with the transactions contemplated by this AgreementEmployees, the Company shall have used commercially reasonable efforts to submit submitted such parachute payments to the Company Stockholders Sellers for approval and the Company Stockholders Sellers shall have (i) approved approved, pursuant to the method provided for in accordance with the regulations promulgated under Section 280G of the Code, any such “parachute payments payments” or (ii) shall have voted upon and disapproved (or failed to approve) such “parachute payments, ,” and, as a consequence, such “parachute payments payments” shall not be paid or provided for in accordance with applicable Law.