Effect of Repeal. If the provisions of Code Sections 280G and 4999 (or the corresponding provisions of any revenue law) are repealed without succession and with an effective date that is prior to the application of this Section 8(g)(ii), then this Section 8(g)(ii) will not apply. If such provisions do not apply to Executive for whatever reason (e.g., because Executive is not a “disqualified individual for purposes of Code Section 280G) or does not apply to this Agreement, then this Section 8(g)(ii) will not apply.
Appears in 3 contracts
Samples: Executive Employment Agreement, Executive Employment Agreement (IMH Financial Corp), Executive Employment Agreement (IMH Financial Corp)
Effect of Repeal. If the provisions of Code Sections 280G and 4999 (or the corresponding provisions of any revenue law) are repealed without succession and with an effective date that is prior to the application of this Section 8(g)(ii8(e)(ii), then this Section 8(g)(ii8(e)(ii) will not apply. If such provisions do not apply to Executive for whatever reason (e.g., because Executive is not a “disqualified individual individual” for purposes of Code Section 280G) or does not apply to this Agreement, then this Section 8(g)(ii8(e)(ii) will not apply.
Appears in 2 contracts
Samples: Executive Employment Agreement (IMH Financial Corp), Executive Employment Agreement (IMH Financial Corp)
Effect of Repeal. If the provisions of Code Sections 280G and 4999 (or the corresponding provisions of any revenue law) are repealed without succession and with an effective date that is prior to the application of this Section 8(g)(ii8(h)(iii), then this Section 8(g)(ii8(h)(iii) will not apply. If such provisions do not apply to Executive for whatever reason (e.g., because Executive is not a “disqualified individual individual” for purposes of Code Section 280G) or does not apply to this Agreementthe Total Change in Control Payments, then this Section 8(g)(ii8(h)(iii) will not apply.
Appears in 1 contract
Samples: Executive Employment Agreement (IMH Financial Corp)
Effect of Repeal. If the provisions of Code Sections 280G and 4999 (or the corresponding provisions of any revenue law) are repealed without succession and with an effective date that is prior to the application of this Section 8(g)(ii9(g)(ii), then this Section 8(g)(ii9(g)(ii) will not apply. If such provisions do not apply to Executive for whatever reason (e.g., because Executive is not a “disqualified individual individual” for purposes of Code Section 280G) or does not apply to this Agreement, then this Section 8(g)(ii9(g)(ii) will not apply.
Appears in 1 contract
Samples: Executive Employment Agreement (IMH Financial Corp)