Common use of Section 280G Matters Clause in Contracts

Section 280G Matters. Prior to the Closing, NCC and PB will work together in good faith to implement mutually satisfactory arrangements such that the Merger will not trigger or result in any payment, including without limitation any “excess parachute payment” as defined in Section 280G of the IRC, that could be disallowed as a deduction or result in the payment of excise taxes under Section 280G of the IRC.

Section 280G Matters. Prior to the Closing, NCC and PB PCB will work together in good faith to implement mutually satisfactory arrangements such that the Merger will not trigger or result in any payment, including including, without limitation limitation, any “excess parachute payment” as defined in Section 280G of the IRC, that could be disallowed as a deduction or result in the payment of excise taxes under Section 280G of the IRC.

Section 280G Matters. Prior to the Closing, NCC and PB RBF will work together in good faith to attempt to implement mutually satisfactory arrangements such that the Merger will not trigger or result in any payment, including without limitation any “excess parachute payment” as defined in Section 280G of the IRC, that could be disallowed as a deduction or result in the payment of excise taxes under Section 280G of the IRC.

Section 280G Matters. Prior to the Closing, NCC and PB PBI will work together in good faith to implement mutually satisfactory arrangements such that the Merger will not trigger or result in any payment, including including, without limitation limitation, any “excess parachute payment,” as defined in Section 280G of the IRC, that could be disallowed as a deduction or result in the payment of excise taxes under Section 280G of the IRC.