Common use of Limitation on Severance Benefits Clause in Contracts

Limitation on Severance Benefits. (a) Notwithstanding any other provision of this Agreement, and except as provided in paragraph 7.2(b) below, payments and benefits to which Executive would otherwise be entitled under the provisions of this Agreement will be reduced (or the Executive shall make reimbursement of amounts previously paid) to the extent necessary to prevent the Executive from having any liability for the federal excise tax levied on certain “excess parachute payments” under section 4999 of the Internal Revenue Code as it exists as of the date of this Agreement.

Limitation on Severance Benefits. (a) Notwithstanding any other provision of this Agreement, and except as provided in paragraph 7.2(b10(b) below, payments and benefits to which Executive would otherwise be entitled under the provisions of this Agreement will be reduced (or the Executive shall make reimbursement of amounts previously paid) to the extent necessary to prevent the Executive from having any liability for the federal excise tax levied on certain “"excess parachute payments” " under section 4999 of the Internal Revenue Code as it exists as of the date of this Agreement.

Limitation on Severance Benefits. (a) Notwithstanding any other provision of this Agreement, and except as provided in paragraph 7.2(b) below, payments and benefits to which Executive would otherwise be entitled under the provisions of this Agreement will be reduced (or the Executive shall make reimbursement of amounts previously paid) to the extent necessary to prevent the Executive from having any liability for the federal excise tax levied on certain “"excess parachute payments” " under section 4999 of the Internal Revenue Code as it exists as of the date of this Agreement.

Limitation on Severance Benefits. (a) Notwithstanding any other provision of this Agreement, and except as provided in paragraph 7.2(b10(b) below, payments and benefits to which Executive would otherwise be entitled under the provisions of this Agreement will be reduced (or the Executive shall make reimbursement of amounts previously paid) to the extent necessary to prevent the Executive from having any liability for the federal excise tax levied on certain “excess parachute payments” under section 4999 of the Internal Revenue Code as it exists as of the date of this Agreement.

Limitation on Severance Benefits. (a) Notwithstanding any other provision of this Agreement, and except as provided in paragraph Section 7.2(b) below, payments and benefits to which the Executive would otherwise be entitled under the provisions of this Agreement will be reduced (or the Executive shall make reimbursement of amounts previously paid) to the extent necessary to prevent the Executive from having any liability for the federal excise tax levied on certain “excess parachute payments” under section 4999 of the Internal Revenue Code as it exists as of the date of this Agreement.

Limitation on Severance Benefits. (a) Notwithstanding any other provision of this Agreement, and except as provided in paragraph Section 7.2(b) below, payments and benefits to which the Executive would otherwise be entitled under the provisions of this Agreement will be reduced (or the Executive shall make reimbursement of amounts previously paid) to the extent necessary to prevent the Executive from having any liability for the federal excise tax levied on certain “excess parachute payments” under section Section 4999 of the Internal Revenue Code as it exists as of the date of this AgreementEffective Date.