Common use of Section 280G Matters Clause in Contracts

Section 280G Matters. If the benefits described in Section 4 or 5 herein, as applicable, would otherwise constitute a parachute payment under Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and but for this Section would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), Executive shall either:

Appears in 2 contracts

Samples: Amd Amended Management Agreement (Rudolph Technologies Inc), Rudolph Technologies (Rudolph Technologies Inc)

AutoNDA by SimpleDocs

Section 280G Matters. If the benefits described in Section 3 or 4 or 5 herein, as applicable, would otherwise constitute a parachute payment under Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and but for this Section would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), Executive shall either:

Appears in 1 contract

Samples: Executive Change of Control Agreement (Rudolph Technologies Inc)

Section 280G Matters. If the benefits described in Section 4 2 or 5 3 herein, as applicable, would otherwise constitute a parachute payment under Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and but for this Section would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), Executive shall either:

Appears in 1 contract

Samples: Executive Change of Control Agreement (Rudolph Technologies Inc)

AutoNDA by SimpleDocs

Section 280G Matters. If the benefits described in Section Sections 4 or 5 and 6 herein, as applicable, or which are otherwise payable to Executive by the Company, would otherwise constitute a parachute payment under Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and but for this Section would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), Executive shall either:

Appears in 1 contract

Samples: Employment Agreement (Rudolph Technologies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!