TAX LIMITATION. If any payment or benefit received or to be received by the Executive under this Agreement or any other of the Total Severance Benefits would not be deductible, in whole or in part, by the Company as a result of Section 280G of the Code, the payments and benefits under this Agreement shall be reduced until no portion of the Total Severance Benefits is nondeductible as a result of Section 280G of the Code. For the purposes of this Section 5:
Appears in 4 contracts
Samples: Control Executive Severance Agreement (Ace Cash Express Inc/Tx), Control Executive Severance Agreement (Ace Cash Express Inc/Tx), Control Executive Severance Agreement (Ace Cash Express Inc/Tx)
