Common use of Section 280G Payments Clause in Contracts

Section 280G Payments. Neither the execution of this Agreement nor the consummation of the transactions contemplated hereby will result in any payment that would be deemed an “excess parachute payment” under Section 280G of the Code.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Community Financial Shares Inc), Agreement and Plan of Merger (QCR Holdings Inc), Agreement and Plan of Merger (First Community Financial Partners, Inc.)

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Section 280G Payments. Neither the execution of this Agreement nor the consummation of the transactions contemplated hereby will result in any payment by First Community or the Wholly Owned Bank that would be deemed an “excess parachute payment” under Section 280G of the Code.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (First Community Financial Partners, Inc.), Agreement and Plan of Merger (First Community Financial Partners, Inc.), Agreement and Plan of Merger (First Community Financial Partners, Inc.)

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