Application of Section. If the Participant receives payments under this Agreement that are contingent upon a Change in Control, as determined under Section 280G of the Internal Revenue Code of 1986 (the "Code") and the regulations thereunder, then the provisions of this Section 4 shall apply.
Appears in 5 contracts
Samples: Executive Employee Salary Continuation Agreement (Choiceone Financial Services Inc), Executive Employee Salary Continuation Agreement (Choiceone Financial Services Inc), Executive Salary Continuation Agreement (North Bancorp Inc)
Application of Section. If the Participant receives payments under this Agreement that are contingent upon a Change in Control, as determined under Section 280G of the Internal Revenue Code of 1986 (the "Code") and the regulations thereunder, then the provisions of this Section 4 shall apply.. -8-
Appears in 1 contract
Samples: Executive Employee Salary Continuation Agreement (Choiceone Financial Services Inc)
