Payments Limitation. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Purchaser (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Purchaser’s benefits under this Agreement shall be either
Appears in 13 contracts
Samples: Stock Purchase Agreement (Unity Biotechnology, Inc.), Stock Purchase Agreement, Restricted Stock Purchase Agreement
Payments Limitation. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Purchaser Grantee (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the PurchaserGrantee’s benefits under this Agreement shall be either:
Appears in 8 contracts
Samples: Restricted Securities Award Agreement (Nexcore Healthcare Capital Corp), Restricted Securities Award Agreement (Nexcore Healthcare Capital Corp), Restricted Securities Award Agreement (Nexcore Healthcare Capital Corp)
Payments Limitation. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Purchaser (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Purchaser’s benefits under this Agreement shall be either:
Appears in 4 contracts
Samples: Restricted Stock Purchase Agreement (SpineEx, Inc.), Restricted Stock Purchase Agreement (Verrica Pharmaceuticals Inc.), Restricted Stock Purchase Agreement (Verrica Pharmaceuticals Inc.)
Payments Limitation. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Purchaser (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Purchaser’s benefits under this Agreement shall be either:
Appears in 1 contract
Samples: Restricted Stock Purchase Agreement (Ohr Pharmaceutical Inc)
Payments Limitation. In the event that If the severance and other benefits provided for in this Agreement or otherwise payable to the Purchaser (i) constitute “parachute payments” within the meaning of Section section 280G of the Code, and (ii) would be subject to the excise tax imposed by Section section 4999 of the Code (the “Excise Tax”), then the Purchaser’s benefits under this Agreement shall be either:
Appears in 1 contract
