Avoidance of Penalty Taxes. This Section 14.2.2 shall be interpreted so as to avoid the imposition of excise taxes on the Employee under Section 4999 of the Code or the disallowance of a deduction to SNB pursuant to Section 280G(a) of the Code with respect to amounts payable under this Agreement or otherwise.
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Samples: Employment Agreement (SNB Bancshares Inc), Employment Agreement (SNB Bancshares Inc), Employment Agreement (SNB Bancshares Inc)
Avoidance of Penalty Taxes. This Section 14.2.2 shall be interpreted so as to avoid the imposition of excise taxes on the Employee under Section 4999 of the Code or the disallowance of a deduction to SNB Bank pursuant to Section 280G(a) of the Code with respect to amounts payable under this Agreement or otherwise.
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Avoidance of Penalty Taxes. This Section 14.2.2 shall be interpreted so as to avoid the imposition of excise taxes on the Employee under Section 4999 of the Code or the disallowance of a deduction to SNB Employer pursuant to Section 280G(a) of the Code with respect to amounts payable under this Agreement or otherwise.
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