Order of Reductions. Any reduction in the Parachute Payments required to be made shall be made first with respect to Parachute Payments payable in cash before being made in respect of any Parachute Payments to be provided in the form of benefits or equity award acceleration, and in the form of benefits before being made with respect to equity award acceleration, and in any case, shall be made with respect to such Parachute Payments in inverse order of the scheduled dates or times for the payment or provision of such Parachute Payments.
Appears in 5 contracts
Samples: Employment Agreement (Cellectar Biosciences, Inc.), Severance Agreement (Opexa Therapeutics, Inc.), Severance Agreement (Opexa Therapeutics, Inc.)
