Parachute Provisions. If any amount payable to, or other benefit receivable by the Executive pursuant to this Agreement (taking into account payments and benefits under other agreements, plans and agreements) is deemed to constitute a “parachute payment” as defined in Section 280G of the Tax Code, then such payment or benefit shall be reduced in accordance with, and to the extent required by, the provisions of the 2012 Equity Incentive Plan.
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Samples: Executive Severance and Change in Control Vesting Agreement (American Residential Properties, Inc.), Executive Severance and Change in Control Vesting Agreement (American Residential Properties, Inc.), Employment Agreement (American Residential Properties, Inc.)
Parachute Provisions. If any amount payable to, or other benefit receivable by by, the Executive pursuant to this Agreement (taking into account payments and benefits under other agreements, plans and agreements) is deemed to constitute a “"parachute payment” " as defined defmed in Section 280G of the Tax Code, then such payment or benefit shall be reduced in accordance with, and to the extent required by, the provisions to prevent such payment or benefit so that it is not deemed to constitute a "parachute payment" as defmed in Section 280G of the 2012 Equity Incentive PlanTax Code.
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