Common use of 280G Matters Clause in Contracts

280G Matters. The Executive shall, subject to the Executive’s reasonable cooperation with Duke Energy in making determinations with respect to Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), taking into account the value of reasonable compensation for services to be rendered by the Executive before or after the Resignation Date, including any non-competition provisions that apply to the Executive and Duke Energy, be eligible to receive “Gross-Up Payments” consistent with, but only to the extent provided by, Section 11 of the CIC Plan.

Appears in 4 contracts

Samples: Separation and Settlement Agreement (Duke Energy CORP), Separation and Settlement Agreement (Duke Energy CORP), Separation and Settlement Agreement (Duke Energy CORP)

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