No Parachute Payments. Except as disclosed on Company Disclosure --------------------- ------------------ Schedule 5.18, no officer, director, employee, shareholder or agent (or former ------------- officer, director, employee, shareholder or agent) of the Company is entitled now, or will or may be entitled to as a consequence of this Agreement and the other Purchase Agreements, to any payment or benefit from the Company or the Purchaser which if paid or provided would constitute an "excess parachute payment," as defined in Section 280G of the Code.
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Samples: Agreement and Plan of Merger (Netzee Inc), Agreement and Plan of Merger (Intercept Group Inc)
No Parachute Payments. Except as disclosed on Company Disclosure --------------------- ------------------ Schedule 5.18, no officer, director, employee, shareholder or agent (or former ------------- officer, director, employee, shareholder or agent) of the Company is entitled now, or will or may be entitled to as a consequence of this Agreement and the other Purchase Agreements, to any payment or benefit from the Company or the Purchaser which if paid or provided would constitute an "excess parachute payment," as defined in Section 280G of the Code.
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Samples: Stock Purchase Agreement (Tanners Restaurant Group Inc)
No Parachute Payments. Except as disclosed on Company Disclosure --------------------- ------------------ Schedule 5.18, no officer, director, employee, shareholder or agent (or former ------------- officer, director, employee, shareholder or agent) of the Company is entitled now, or will or may be entitled to as a consequence of this Agreement and the other Purchase Agreements, to any payment or benefit from the Company or the Purchaser InterCept which if paid or provided would constitute an "excess parachute payment," as defined in Section 280G of the Code.
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