Common use of Section 280G Limitation Clause in Contracts

Section 280G Limitation. Notwithstanding anything to the contrary contained herein, the maximum amount payable pursuant to this Section 5(c) shall be the maximum amount payable to Executive without triggering an excise tax under Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision thereto.

Appears in 5 contracts

Samples: Executive Employment Agreement (GameStop Corp.), Executive Employment Agreement (GameStop Corp.), Executive Employment Agreement (GameStop Corp.)

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Section 280G Limitation. Notwithstanding anything to the contrary contained herein, in the maximum amount payable pursuant case of a termination of employment subject to this Section 5(c) shall be the maximum amount payable to Executive without triggering an excise tax under Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision thereto, the maximum amount payable pursuant to this Section 5(c) shall be the maximum amount payable to Executive without triggering such excise tax.

Appears in 1 contract

Samples: Executive Employment Agreement (GameStop Corp.)

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