Section 280G Limitation on Payments. In the event that the payments and benefits provided for in this Agreement or otherwise payable to Executive constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code (the “Code”) and, but for this Section 5.2, would be subject to the excise tax imposed by Section 4999 of the Code, then:
Appears in 7 contracts
Samples: Change in Control and Severance Agreement (Ceradyne Inc), Change in Control and Severance Agreement (Ceradyne Inc), Change in Control and Severance Agreement (Ceradyne Inc)
Section 280G Limitation on Payments. In the event that the payments and benefits provided for in this Agreement or otherwise payable to Executive constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code (the “Code”) and, but for this Section 5.28.3, would be subject to the excise tax imposed by Section 4999 of the Code, then:
Appears in 2 contracts
Samples: Employment Agreement (Qualstar Corp), Employment Agreement (Qualstar Corp)
