Value of Non-compete for Purposes of Code Section 280G. For purposes of Code Section 280G, the Employer shall ascribe a value to the restrictive covenants imposed upon the Executive pursuant to Section 7.10(a), with such value to not exceed one-half of the Executive’s annual compensation as of the date of the Change in Control.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Emclaire Financial Corp), Supplemental Executive Retirement Plan Agreement (Emclaire Financial Corp), Supplemental Executive Retirement Plan Agreement (Emclaire Financial Corp)
Value of Non-compete for Purposes of Code Section 280G. For purposes of Code Section 280G, the Employer shall ascribe a value to the restrictive covenants imposed upon the Executive pursuant to Section 7.10(a7.10 (a), with such value to not exceed one-half of the Executive’s 's annual compensation as of the date of the Change in Control.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (Emclaire Financial Corp)
