Section 280G definition

Section 280G means Section 280G of the Code and the Treasury regulations promulgated thereunder or any similar or successor provision.

Section 280G means Section 280G of the Code, together with the regulations thereunder.

Section 280G has the meaning set forth in Section 6.7.

Examples of Section 280G in a sentence

• The Executive and the Company will work together in good faith to reduce or eliminate the impact, if any, of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”).

• If any payment or benefit you will or may receive from the Company or otherwise (a “280G Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code, and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then any such 280G Payment pursuant to this Agreement or otherwise (a “Payment”) shall be equal to the Reduced Amount.

• All determinations under this Section 7(d) will be made by an actuarial firm, accounting firm, law firm, or consulting firm experienced and generally recognized in 280G matters (the “280G Firm”) that is chosen by the Company prior to a change in ownership or control of a corporation (within the meaning of Treasury regulations under Section 280G of the Code).

• The 280G Firm shall be required to evaluate the extent to which payments are exempt from Section 280G as reasonable compensation for services rendered before or after the Change in Control.

• If any payment or benefit the Recipient would receive pursuant to this Agreement or pursuant to any other benefit plan, agreement or arrangement between the Recipient and the Company or any Related Entity (“Payment”) would (i) constitute a “Parachute Payment” within the meaning of Section 280G of the Code, and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment shall be equal to the Reduced Amount.

More Definitions of Section 280G

Section 280G means Section 280G of the Code and the regulations thereunder.

Section 280G means Section 280G of the Code.

Section 280G is defined in Section 8.16.

Section 280G as defined in Section 2.8.

Section 280G has the meaning set forth in Section 5.2(b) of this Agreement.

Section 280G has the meaning ascribed to it in Section 7.7(c).

Section 280G has the meaning set forth in Section 4.15(g).