Effect of Repeal or Inapplicability. In the event that the provisions of Sections 280G and 4999 of the Code are repealed without succession, this Section shall be of no further force or effect. Moreover, if the provisions of Sections 280G and 4999 of the Code do not apply to impose the excise tax to payments under this Agreement, then the provisions of this Section shall not apply.
Appears in 14 contracts
Samples: Change in Control Severance and Retention Agreement (Cna Surety Corp), Change in Control Severance and Retention Agreement (Cna Surety Corp), Change in Control Severance and Retention Agreement (Cna Surety Corp)
Effect of Repeal or Inapplicability. In the event that the provisions of Sections 280G and 4999 of the Code are repealed without succession, this Section 9 shall be of no further force or effect. Moreover, if the provisions of Sections 280G and 4999 of the Code do not apply to impose the excise tax to payments under this Agreement, then the provisions of this Section 9 shall not apply.
Appears in 4 contracts
Samples: Officer Change in Control Agreement (Tucson Electric Power Co), Officer Change in Control Agreement (Tucson Electric Power Co), Officer Change in Control Agreement (Unisource Energy Corp)
Effect of Repeal or Inapplicability. In the event that the provisions of Sections 280G and 4999 of the Code are repealed without succession, this Section 5.5 shall be of no further force or effect. Moreover, if the provisions of Sections 280G and 4999 of the Code do not apply to impose the excise tax to on payments under this AgreementPlan, then the provisions of this Section 5.5 shall not apply.
Appears in 2 contracts
Samples: Officer Retention Plan (Texas New Mexico Power Co), Officer Retention Plan (PNM Resources Inc)
Effect of Repeal or Inapplicability. In the event that the provisions of Sections Section 280G and 4999 of the Code are repealed without succession, this Section shall be of no further force or effect. Moreover, if the provisions of Sections 280G and 4999 of the Code do not apply to impose the excise tax to payments under this Agreement, then the provisions of this Section shall not apply.
Appears in 2 contracts
Samples: Compensation and Change of Control Agreement (Applied Digital Solutions Inc), Compensation and Change of Control Agreement (Digital Angel Corp)
Effect of Repeal or Inapplicability. In the event that the provisions of Sections 280G and 4999 of the Code are repealed without succession, this Section 11 shall be of no further force or effect. Moreover, if the provisions of Sections 280G and 4999 of the Code do not apply to impose the excise tax to payments under this Agreement, then the provisions of this Section 11 shall not apply.
Appears in 1 contract
