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 8 contracts

Samples: www.sec.gov, Restricted Stock Unit Issuance Agreement (Broadcom Corp), Amendment 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: Broadcom Corp, 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.. Revised 2014.01.06

Appears in 1 contract

Samples: 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 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)

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