Common use of of the Code Clause in Contracts

of the Code. The parties acknowledge and agree that, in the absence of a change in existing legal authorities or the issuance of contrary authorities, amounts received by Executive as damages under or as a result of a breach of this Agreement shall be considered Reasonable Compensation.

of the Code. The parties acknowledge and agree that, in the absence of a change in existing legal authorities or the issuance of contrary authorities, amounts received by Executive as damages under or as a result of a breach of this Agreement shall be considered Reasonable Compensation. (iv) "Present Value" - The term "Present Value" shall have the same meaning as provided in Section 280G(d)(4) of the Code. 6.

of the Code. The parties acknowledge and agree that, in the absence of a change in existing legal authorities or the issuance of contrary authorities, amounts received by Executive Employee as damages under or as a result of a breach of this Agreement shall be considered Reasonable Compensation.