Limitation on Severance Payment. Any Severance Payment payable in accordance with this Agreement shall be reduced to the extent that any such payment constitutes an "Excess Parachute Payment," as such term is defined in the Internal Revenue Code of 1986, as amended.
Appears in 6 contracts
Samples: Severance Agreement (Abigail Adams National Bancorp Inc), Severance Agreement (Abigail Adams National Bancorp Inc), Severance Agreement (Abigail Adams National Bancorp Inc)
