Benefit Limit. The aggregate Present Value (measured as of the Change of Control) of the benefits to which Executive becomes entitled under this Agreement either at the time of a Change of Control or at the time of his subsequent termination of employment following a Change of Control and which constitute "parachute payments" under federal tax law shall be limited to the greater of the following dollar amounts (the "Benefit Limit"):
Appears in 8 contracts
Samples: Employment Agreement (Peth Jack W), Employment Agreement (BRG Acquisition Corp), Employment Agreement (Peth Jack W)
