Limitation on Severance Benefits. In the event that any severance benefits provided for in this Agreement to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and (ii) but for this Section 6.1, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3.2 shall be payable either:
Appears in 23 contracts
Samples: Executive Employment Agreement (Seattle Genetics Inc /Wa), Executive Employment Agreement (Seattle Genetics Inc /Wa), Executive Employment Agreement (Seattle Genetics Inc /Wa)
