Deductibility of Severance Payments. No severance or other payments to be made to the Significant Stockholders or otherwise by the Company, any of the Subsidiaries, Gold Banc, or any of Gold Banc's subsidiaries in connection with the Merger or upon a change in control of the Company will constitute non-deductible "parachute payments" under Section 280G of the Code.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Union Bankshares LTD), Agreement and Plan of Reorganization (Gold Banc Corp Inc)
Deductibility of Severance Payments. No Except as set forth on Schedule 3.31, no severance or other payments to be made to under the Significant Stockholders Employment Agreements or otherwise by the Company, any of the Subsidiaries, Gold Banc, or any of Gold Banc's subsidiaries in connection with the Merger or upon a change in control of the Company will constitute non-deductible "parachute payments" under Section 280G of the Code.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (American Bancshares Inc \Fl\), Agreement and Plan of Reorganization (Gold Banc Corp Inc)
Deductibility of Severance Payments. No severance or other payments (if any) required to be made to the Significant Stockholders or otherwise by the Company, any of the Subsidiaries, Gold Banc, or any of Gold Banc's subsidiaries in connection with by reason of the Merger or upon a change in control of the Company will constitute non-deductible "parachute payments" under Section 280G of the Code.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Gold Banc Corp Inc)
