280G Limitations. Notwithstanding anything herein to the contrary, to the extent that payments under this Agreement would be “parachute payments,” such payments shall be reduced to the extent that payments hereunder, when aggregated with all other “parachute payments,” would not create an “excess parachute payment” as such terms are defined in Section 280G of the Code, as subsequently amended.
Appears in 4 contracts
Samples: Continuation Plan Agreement (Tennessee Commerce Bancorp, Inc.), Split Dollar Agreement (Tennessee Commerce Bancorp, Inc.), Salary Continuation Plan Agreement (Tennessee Commerce Bancorp, Inc.)