Excess Parachute Payment. To the extent the benefit would create an excise tax under the excess parachute rules of Section 280G of the Code.
Appears in 31 contracts
Samples: Salary Continuation Agreement (McIntosh Bancshares Inc /Ga/), Executive Incentive Retirement Agreement (Smithtown Bancorp Inc), Director Incentive Retirement Agreement (First Litchfield Financial Corp)
Excess Parachute Payment. To the extent the benefit would create an excise tax under the excess parachute rules of Section 280G 28OG of the Code.
Appears in 4 contracts
Samples: Salary Continuation Agreement (Fidelity Bancorp Inc), Salary Continuation Agreement (Fidelity Bancorp Inc), Salary Continuation Agreement (Fidelity Bancorp Inc)
Excess Parachute Payment. To the extent the benefit would create or add to an excise tax under the excess parachute rules of Section 280G of the Code. In such event, the benefit amount payable will be reduced to an amount which will not create or add to such excise tax penalty.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Summit Financial Corp), Salary Continuation Agreement (Summit Financial Corp), Salary Continuation Agreement (Summit Financial Corp)
Excess Parachute Payment. To TO the extent the benefit would create an excise tax under the excess parachute rules of Section 280G of the Code.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Southern Community Bancorp), Salary Continuation Agreement (Southern Community Bancorp)
Excess Parachute Payment. To the extent the benefit would create an excise tax under the excess parachute payment rules of under Section 280G of the Code.
Appears in 1 contract
Samples: Executive Incentive Cash Agreement (Belmont Bancorp)
Excess Parachute Payment. To the extent the benefit would create an excise tax under the excess parachute payment rules of under Section 280G of the Code.
Appears in 1 contract
Samples: Executive Phantom Stock Agreement (Belmont Bancorp)
Excess Parachute Payment. To the extent the benefit would create an excise tax under the excess parachute rules of Section 280G of the Internal Revenue Code.
Appears in 1 contract
Samples: Stock Appreciation Rights Agreement (Commerce National Corp)
Excess Parachute Payment. To the extent the benefit would create an excise tax under the excess parachute rules of Section 280G 2806 of the Internal Revenue Code.
Appears in 1 contract
Samples: Stock Appreciation Rights Agreement (Commerce National Corp)
Excess Parachute Payment. To the extent the benefit would create an excise tax under the excess parachute payment rules of Section 280G of the Code.
Appears in 1 contract
Samples: Executive Deferred Incentive Agreement (Home Federal Bancorp Inc)
