Common use of Order of Reduction Clause in Contracts

Order of Reduction. The Covered Payments shall be reduced in a manner that maximizes the Executive’s economic position. In applying this principle, the reduction shall be made in a manner consistent with the requirements of Section 409A of the Code, and where two economically equivalent amounts are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero.

Order of Reduction. The Covered Payments shall be reduced in a manner that maximizes the ExecutiveParticipant’s economic position. In applying this principle, the reduction shall be made in a manner consistent with the requirements of Section 409A of the Code, and where two economically equivalent amounts are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero.

Order of Reduction. The Covered Payments shall be reduced in a manner that maximizes the Executive’s your economic position. In applying this principle, the reduction shall be made in a manner consistent with the requirements of Section 409A of the Code, and where two economically equivalent amounts are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero.

Order of Reduction. The Covered Payments shall be reduced in a manner that maximizes the Executive’s Participant's economic position. In applying this principle, the reduction shall be made in a manner consistent with the requirements of Section 409A of the Code, and where two economically equivalent amounts are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero.

Order of Reduction. The Covered Payments shall be reduced in a manner that maximizes the Executive’s your economic position. In applying this principle, the reduction shall be made in a manner consistent with the requirements of Section 409A of the Code409A, and where two economically equivalent amounts are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero.

Order of Reduction. The Covered Payments shall will be reduced in a manner that maximizes the intended to maximize Executive’s economic position. In applying this principle, the reduction shall be made position and in a manner consistent with the requirements of Section 409A of 409A. In the Code, and where event that two economically equivalent amounts are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero.