Common use of 280G Approval Clause in Contracts

280G Approval. Prior to the Closing, the Company shall satisfy the approval requirements of Section 280G(b)(5)(B) of the Code with respect to all payments to be made to disqualified individuals (withing the meaning of Section 280G of the Code) in connection with the transactions contemplated hereby, including, without limitation, the Bonus Pool and no such payments shall be made unless such approval is obtained.