Excess Parachute Payment. To the extent the benefit would be an excess parachute payment under Section 280G of the Code.
Appears in 34 contracts
Samples: Directors’ Fee Deferral Agreement (Sandy Spring Bancorp Inc), Continuation Agreement (Eagle Bancorp Montana, Inc.), Continuation Agreement (Mid Penn Bancorp Inc)
Excess Parachute Payment. To the extent the benefit would be create an excise tax under the excess parachute payment under rules of Section 280G of the Code.
Appears in 31 contracts
Samples: Salary Continuation Agreement (McIntosh Bancshares Inc /Ga/), Incentive Retirement Agreement (Smithtown Bancorp Inc), Retirement Agreement (First Litchfield Financial Corp)
Excess Parachute Payment. To the extent the benefit would be an excess parachute payment under Section 280G 2806 of the Code.
Appears in 5 contracts
Samples: Continuation Agreement (First Community Financial Corp), Continuation Agreement (First Community Financial Corp), Continuation Agreement (First Community Financial Corp)
Excess Parachute Payment. To the extent the amount of benefit would be an excess parachute payment under Section 280G of the Code, with consideration for any right of the Executive, under an employment agreement with the Bank or otherwise, to waive benefits hereunder or other payments in order to prevent an excess parachute payment.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc), Retirement Agreement (Sandy Spring Bancorp Inc), Retirement Agreement (Sandy Spring Bancorp Inc)
Excess Parachute Payment. To the extent the benefit would be an excess parachute payment under Section 280G 28OG of the Code.
Appears in 2 contracts
Samples: Supplemental Retirement Agreement (United Financial Corp \Mn\), Supplemental Retirement Agreement (United Financial Corp \Mn\)
Excess Parachute Payment. To the extent the benefit would be an excess parachute payment under Section 280G of the Code. However, the Bank may pay benefits to the extent of any excess parachute limitation.
Appears in 1 contract
Samples: Lawrence Financial Holdings Inc
