Common use of Certain Adjustments of Payment Amount Clause in Contracts

Certain Adjustments of Payment Amount. If it is determined that any payment or distribution by the Employer to or for the benefit of the Employee (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise) is subject to the limitations of section 280G of the Internal Revenue Code (the “Code”) (a “Parachute Payment”), the following provisions will apply:

Certain Adjustments of Payment Amount. If it is determined that any payment or distribution by the Employer to or for the benefit of the Employee Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise) is subject to the limitations of section Section 280G of the Internal Revenue Code (the “Code”) (a “Parachute Payment”), the following provisions will apply:

Certain Adjustments of Payment Amount. If it is determined that any payment or distribution by the Employer to or for the benefit of the Employee Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise) is subject to the limitations of section Section 280G of the Internal Revenue Code (the “Code”) (a “Parachute Payment”), the following provisions will shall apply:

Certain Adjustments of Payment Amount. If it is determined that any payment or distribution in the nature of compensation by the Employer Bank to or for the benefit of the Employee Executive (whether paid or payable or distributed or distributable made pursuant to the terms of this Agreement or otherwise) is subject to the limitations of section 280G of the Internal Revenue Code (the “"Code”") (a “"Parachute Payment”"), the following provisions will apply: