Reduction of Amounts Payable. If the amount payable hereunder, either alone or together with any other payments or benefits received or to be received by Executive in connection with a Change in Control (collectively, the "Aggregate Payments"), would cause Bank to forfeit, pursuant to Section 280G(a) of the Code, its deduction for any or all of the amounts payable hereunder, and subject the Executive to the excise tax imposed by Section 4999 of the Internal Revenue Code (or any successor thereto), the following provisions shall apply:
Appears in 9 contracts
Samples: Change in Control Severance Agreement (Stock Yards Bancorp, Inc.), Control Severance Agreement (Stock Yards Bancorp, Inc.), Control Severance Agreement (Stock Yards Bancorp, Inc.)
