Common use of Limitation on Acceleration Clause in Contracts

Limitation on Acceleration. Notwithstanding any provision to the contrary in the Plan or this Agreement, if the Payment (as hereinafter defined) due to the Participant hereunder as a result of the acceleration of vesting of the Restricted Shares pursuant to paragraph 8 of this Agreement, either alone or together with all other Payments received or to be received by the Participant from the Company or any of its Affiliates (collectively, the “Aggregate Payments”), or any portion thereof, would be subject to the excise tax imposed by Section 4999 of the Code (or any successor thereto), the following provisions shall apply:

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Annas Linens, Inc.), Restricted Stock Award Agreement (Prospect Medical Holdings Inc)

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Limitation on Acceleration. Notwithstanding any provision to the contrary in the Plan or this Agreement, if the Payment (as hereinafter defined) due to the Participant Holder hereunder as a result of the acceleration of vesting of the Restricted Shares pursuant to Section 8 of the Plan or paragraph 8 7 of this Agreement, either alone or together with all other Payments received or to be received by the Participant Holder from the Company or any of its Affiliates Subsidiaries (collectively, the "Aggregate Payments"), or any portion thereof, would be subject to the excise tax imposed by Section 4999 of the Code (or any successor thereto), the following provisions shall apply:

Appears in 1 contract

Samples: Time Warner Inc

Limitation on Acceleration. Notwithstanding any provision to the contrary in the Plan or this Agreement, if the Payment (as hereinafter defined) due to the Participant hereunder as a result of the acceleration of vesting of the Restricted Shares pursuant to paragraph 8 7 of this Agreement, either alone or together with all other Payments received or to be received by the Participant from the Company or any of its Affiliates (collectively, the “Aggregate Payments”), or any portion thereof, would be subject to the excise tax imposed by Section 4999 of the Code (or any successor thereto), the following provisions shall apply:

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Prospect Medical Holdings Inc)

Limitation on Acceleration. Notwithstanding any provision to the contrary in the Plan or this Agreement, if the Payment (as hereinafter defined) due to the Participant hereunder as a result of the acceleration of vesting of the Restricted Shares pursuant to paragraph 8 of this Agreement, either alone or together with all other Payments received or to be received by the Participant from the Company or any of its Affiliates (collectively, the "Aggregate Payments"), or any portion thereof, would be subject to the excise tax imposed by Section 4999 of the Code (or any successor thereto), the following provisions shall apply:

Appears in 1 contract

Samples: Restricted Stock Agreement (Time Warner Inc)

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Limitation on Acceleration. Notwithstanding any provision to the contrary in the Plan or this Agreement, if the Payment (as hereinafter defined) due to the Participant Holder hereunder as a result of the acceleration of vesting of the Restricted Shares pursuant to paragraph 8 7 of this Agreement, either alone or together with all other Payments received or to be received by the Participant Holder from the Company or any of its Affiliates (collectively, the "Aggregate Payments"), or any portion thereof, would be subject to the excise tax imposed by Section 4999 of the Code (or any successor thereto), the following provisions shall apply:

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Time Warner Inc)

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