Common use of Limitation on Acceleration Clause in Contracts

Limitation on Acceleration. Notwithstanding anything contained herein [(except as otherwise provided in Section 20 hereof)] or in the Plan or any other agreement to the contrary, in no event shall the vesting of the Option be accelerated pursuant to Section 6.3 of the Plan or Section 6 hereof to the extent that the Company would be denied a federal income tax deduction for such vesting because of Section 280G of the Code and, in such circumstances, the Option will continue to vest in accordance with and subject to the other provisions hereof.

Appears in 1 contract

Samples: Employee Stock Option Agreement (Macerich Co)

AutoNDA by SimpleDocs

Limitation on Acceleration. Notwithstanding anything contained herein [(except as otherwise provided in Section 20 hereof)] or in the Plan or any other agreement to the contrary, in no event shall the vesting of the Option be accelerated pursuant to this Agreement or Section 6.3 14 of the Plan or Section 6 hereof to the extent that the Company DIRECTV would be denied a federal income tax deduction for such vesting because of Section 280G of the Code and, in such circumstances, the Option will continue to vest in accordance with and subject to the other provisions hereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Directv Group Inc)

Limitation on Acceleration. Notwithstanding anything contained herein [(except as otherwise provided in Section 20 hereof)] or in the Plan or any other agreement to the contrary, in no event shall the vesting of the Option be accelerated pursuant to Section 6.3 of the Plan or Section 6 hereof to the extent that the Company Corporation would be denied a federal income tax deduction for such vesting because of Section 280G of the Code and, in such circumstances, the Option will continue to vest in accordance with and subject to the other provisions hereof.

Appears in 1 contract

Samples: Employee Stock Option Agreement (Macerich Co)

Limitation on Acceleration. Notwithstanding anything contained herein [(except as otherwise provided in Section 20 hereof)] or in the Plan or any other agreement to the contrary, in no event shall the vesting of the Option be accelerated pursuant to Section 6.3 of the Plan or Section 6 hereof to the extent that the Company Corporation would be denied a federal income tax deduction for such vesting because of Section 280G of the Code and, in such circumstances, the Option will continue to vest in accordance with and subject to the other provisions hereof.

Appears in 1 contract

Samples: Macerich Co

AutoNDA by SimpleDocs

Limitation on Acceleration. Notwithstanding anything contained herein [(except as otherwise provided in Section 20 hereof)] or in the Plan or any other agreement to the contrary, in no event shall the vesting of the an Option be accelerated pursuant to Section 6.3 14 of the Plan or Section 6 hereof to the extent that the Company DIRECTV would be denied a federal income tax deduction for such vesting because of Section 280G of the Code and, in such circumstances, the such Option will continue to vest in accordance with and subject to the other provisions hereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Directv Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.