Company’s Deduction of Payment. Notwithstanding anything in the foregoing to the contrary, Company shall not be obligated to pay any portion of any amount otherwise payable to Executive pursuant to this Agreement if the payment would cause any amount to be paid by Company to Executive to not be reasonably deductible by the Company solely by operation of Section 280G of the Internal Revenue Code of 1986, as amended, or any equivalent successor provision of law.
Appears in 4 contracts
Samples: Employment Agreement (NiMin Energy Corp.), Employment Agreement (NiMin Energy Corp.), Employment Agreement (NiMin Energy Corp.)
