Common use of Parachute Payment Clause in Contracts

Parachute Payment. In the event the accelerated vesting and issuance of the Shares subject to this Award would otherwise constitute a parachute payment under Code Section 280G, then the applicable parachute payment provisions of the Severance Agreement shall govern the Participant’s rights and entitlements.

Appears in 7 contracts

Samples: Restricted Stock Unit Issuance Agreement, Restricted Stock Unit Issuance Agreement (Broadcom Corp), Restricted Stock Unit Issuance Agreement (Broadcom Corp)

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Parachute Payment. In the event the accelerated vesting and issuance of the Shares subject to this Award would otherwise constitute a parachute payment under Code Section 280G, then the applicable parachute payment provisions of the Severance Employment Agreement shall govern the Participant’s rights and entitlements.

Appears in 2 contracts

Samples: Restricted Stock Unit Issuance Agreement (Broadcom Corp), Restricted Stock Unit Issuance Agreement (Broadcom Corp)

Parachute Payment. In the event the accelerated vesting and issuance of the Shares subject to this Award option would otherwise constitute a parachute payment under Code Section 280G, then the applicable parachute payment provisions of the Severance Agreement shall govern the ParticipantOptionee’s rights and entitlements.

Appears in 1 contract

Samples: Stock Option Agreement (Broadcom Corp)

Parachute Payment. In the event the accelerated vesting and issuance of the Shares subject to this Award would otherwise constitute a parachute payment under Code Section 280G, then the applicable parachute payment provisions of the Severance Agreement shall govern the Participant’s rights and entitlements.]

Appears in 1 contract

Samples: Restricted Stock Unit Issuance Agreement (Broadcom Corp)

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Parachute Payment. In the event the accelerated vesting and issuance of the Shares subject to this Award would otherwise constitute a parachute payment under Code Section 280G, then the applicable parachute payment provisions of the Severance Agreement shall govern the Participant’s rights and entitlements.. Revised 2014.01.06

Appears in 1 contract

Samples: Restricted Stock Unit Issuance Agreement (Broadcom Corp)

Parachute Payment. In the event the accelerated vesting and issuance of the Shares subject to this Award would otherwise constitute a parachute payment under Code Section 280G, then the applicable parachute payment provisions of the Severance Agreement shall govern the Participant’s rights and entitlements. 7. Except as modified by this Amendment Agreement, all the terms and conditions of each Restricted Stock Issuance Agreement subject to this agreement shall continue in full force and effect.

Appears in 1 contract

Samples: Restricted Stock Unit Issuance Agreement (Broadcom Corp)

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