Common use of Parachute Payments Clause in Contracts

Parachute Payments. No payment required or contemplated to be made by the Company will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1) of the Code.

Appears in 25 contracts

Samples: Agreement and Plan of Reorganization (Vision Twenty One Inc), Agreement and Plan of Reorganization (Vision Twenty One Inc), Stock Purchase Agreement (Vision Twenty One Inc)

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Parachute Payments. No payment required or contemplated to be made by the Company APP will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1) of the Code.

Appears in 20 contracts

Samples: Agreement and Plan of Exchange (American Physician Partners Inc), Agreement and Plan of Exchange (American Physician Partners Inc), Agreement and Plan of Reorganization and Merger (American Physician Partners Inc)

Parachute Payments. No To the knowledge of the Company, no payment required or contemplated to be made by the Company will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1) of the Internal Revenue Code.

Appears in 7 contracts

Samples: Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc)

Parachute Payments. No payment required or contemplated to be made by the Company Seller will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1) of the Code.

Appears in 5 contracts

Samples: Asset Purchase Agreement (American Physician Partners Inc), Asset Purchase Agreement (American Physician Partners Inc), 6 Asset Purchase Agreement (American Physician Partners Inc)

Parachute Payments. No payment required or contemplated to be made by the Company has been or will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1) of the Code.

Appears in 4 contracts

Samples: Stock Purchase Agreement (American Medical Providers Inc), Business Purchase Agreement (American Medical Providers Inc), Business Purchase Agreement (American Medical Providers Inc)

Parachute Payments. No payment required or contemplated to be made by the Company Seller will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1) 280G of the Code.

Appears in 3 contracts

Samples: Asset Purchase Agreement (American Physician Partners Inc), Asset Purchase Agreement (American Physician Partners Inc), Asset Purchase Agreement (American Physician Partners Inc)

Parachute Payments. No payment required or contemplated to be made by the Company Acquired Companies or the Subsidiaries will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1) of the Code.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Lasersight Inc /De), Stock Purchase Agreement (Vision Twenty One Inc)

Parachute Payments. No The Company has not made any payment required or contemplated to be made by the Company will be characterized as an "excess which constitutes a " parachute payment" within the meaning of Section 280G(b)(1280(G) of the Code, and no payment is required to be made by the Company under any contract or otherwise, or resulting from the transactions contemplated by this Agreement, that will, if made, constitute a " parachute payment" within the meaning of Section 280(G) of the Code.

Appears in 1 contract

Samples: Stock Purchase Agreement (Rowe Furniture Corp)

Parachute Payments. No payment required or contemplated to be made by the Company Xxxxx will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1280(b)(1) of the Internal Revenue Code.

Appears in 1 contract

Samples: And Plan of Merger (LCNB Corp)

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Parachute Payments. No payment required or contemplated to be made by the Company will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1) of the Code.

Appears in 1 contract

Samples: Stock Purchase Agreement (American Physician Partners Inc)

Parachute Payments. No payment required or contemplated to be made by the Company or any Subsidiary will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1) of the Code.

Appears in 1 contract

Samples: Stock Purchase Agreement (American Physician Partners Inc)

Parachute Payments. No payment required or contemplated to be made by the Company or the Partnership will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1) of the Code.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Vision Twenty One Inc)

Parachute Payments. No To the knowledge of the Company, no payment required or contemplated to be made by the Company will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(128OG(b)(1) of the Internal Revenue Code.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Universal Document MGMT Systems Inc)

Parachute Payments. No payment required or contemplated to be made by the Company or the Subsidiaries will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1) of the Code.

Appears in 1 contract

Samples: Stock Purchase Agreement (Vision Twenty One Inc)

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