Benefit Limitation. Notwithstanding any provision to the contrary in this Agreement, should any accelerated vesting of this option in connection with a Change in Control transaction constitute a parachute payment under Code Section 280G, then such vesting acceleration shall be subject to the benefit limitation provisions of Section __ of the Employment Agreement.
Appears in 2 contracts
Samples: Stock Option Agreement (Apollo Group Inc), Stock Option Agreement (Apollo Group Inc)
Benefit Limitation. Notwithstanding any provision to the contrary in this Agreement, should any accelerated vesting of the Shares subject to this option Award in connection with a Change in Control transaction constitute a parachute payment under Code Section 280G, then such vesting acceleration shall be subject to the benefit limitation provisions of Section ___ of the Employment Agreement.
Appears in 2 contracts
Samples: Performance Share Award Agreement (Apollo Group Inc), Performance Share Award Agreement (Apollo Group Inc)
Benefit Limitation. Notwithstanding any provision to the contrary in this Agreement, should any accelerated vesting of this option Option in connection with a Change in Control transaction constitute a parachute payment under Code Section 280G, then such vesting acceleration shall be subject to the benefit limitation provisions of Section __ of the Employment Agreement.
Appears in 1 contract
Samples: Stock Option Agreement (Apollo Education Group Inc)
