Common use of Deductibility Clause in Contracts

Deductibility. As of Closing, there will not be any Contract, plan or arrangement, covering any employee or former employee of the Corporation that, individually or collectively, could give rise to the payment of any amount that would not be deductible by the Corporation as an expense under applicable Law other than reimbursements of a reasonable amount of entertainment expenses and other non-deductible expenses that are commonly paid by similarly situated businesses in reasonable amounts.

Deductibility. As of Closing, there will not be any Contract, plan or arrangement, covering any employee or former employee of the Corporation Company that, individually or collectively, could give rise to the payment of any amount that would not be deductible by the Corporation Company as an expense under applicable Law appropriate Legal Requirements other than reimbursements of a reasonable amount of entertainment expenses and other non-deductible non­deductible expenses that are commonly paid by similarly situated businesses in reasonable amounts.

Deductibility. As of the Closing, there will not be any Contractcontract, plan or arrangement, including but not limited to the provisions of this Agreement, covering any employee or former employee of the Corporation Company that, individually or collectively, could give rise to the payment of any amount that would not be deductible by the Corporation Company as an expense under applicable Applicable Law other than reimbursements of a reasonable amount of entertainment expenses and other non-deductible expenses that are commonly paid by similarly situated businesses in reasonable amounts.

Deductibility. As of Closing, there will not be any Contract, plan or arrangement, covering any employee or former employee of the Corporation Company that, individually or collectively, could give rise to the payment of any amount that would not be deductible by the Corporation Company as an expense under applicable Law appropriate Legal Requirements other than reimbursements of a reasonable amount of entertainment expenses and other non-deductible expenses that are commonly paid by similarly situated businesses in reasonable amounts.