Parachute Payment Limitation. Notwithstanding any other provision of this Agreement, if the severance payments under Section 5.02 of this Agreement, together with any other Parachute Payments made by the Company to the Executive, if any, are characterized as Excess Parachute Payments, then the following rules shall apply:
Appears in 5 contracts
Samples: Employment Agreement (Dynatronics Corp), Employment Agreement (Ion Laser Technology Inc), Employment Agreement (Dynatronics Corp)
Parachute Payment Limitation. Notwithstanding any other provision of this Agreement, if the severance payments under Section 5.02 5.2 of this Agreement, together with any other Parachute Payments made by the Company to the Executive, if any, are characterized as Excess Parachute Payments, then the following rules shall apply:
Appears in 3 contracts
Samples: Employment Agreement (Fonix Corp), Employment Agreement (Fonix Corp), Employment Agreement (Fonix Corp)
Parachute Payment Limitation. Notwithstanding any other provision of this Agreement, if the severance payments under Section 5.02 5.03 of this Agreement, together with any other Parachute Payments made by the Company to the Executive, if any, are characterized as Excess Parachute Payments, then the following rules shall apply:
Appears in 2 contracts
Samples: Employment Agreement (Dynatronics Corp), Employment Agreement (Dynatronics Corp)
Parachute Payment Limitation. Notwithstanding any other provision of ---------------------------- this Agreement, if the severance payments under Section 5.02 of this Agreement, together with any other Parachute Payments made by the Company to the Executive, if any, are characterized as Excess Parachute Payments, then the following rules shall apply:
Appears in 1 contract
Samples: Employment Agreement (Fonix Corp)
