Section 280 G definition

Section 280 G means Section 280G of the Code.
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Section 280 G has the meaning set forth in Section 5 (2) o).
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Section 280 G has the meaning set forth in Section 5 (2) o). “Securities Act” has the meaning set forth in Section 3 (7) b) i). “Seller’s Best Knowledge” has the meaning set forth in Section 6. - 3 - “Seller” means ▇▇▇▇ Männer Holding AG. “Shareholders” has the meaning set forth in no. 7 of the first page of the notarial deed. “Shares” has the meaning set forth in the Preamble. “State Aid” has the meaning set forth in Section 6 (11). “Straddle Period” has the meaning set forth in Section 11 (6). “Taxes” has the meaning set forth in Section 6 (15). “Unaudited Interim Period Financial Statements” has the meaning set forth in Section 6 (2) a). “US GAAP” has the meaning set forth in Section 5 (2) i). “US GAAS” has the meaning set forth in Section 5 (2) i). “US-Shares” has the meaning set forth in Section 2. “Warranties” has the meaning set forth in Section 6. - 4 -
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Examples of Section 280 G in a sentence

  • The Companies agree to indemnify the Executive in connection with any and all taxes which may become payable by the Executive under Section 280 (G) of the Internal Revenue Code of 1986, as amended.

  • Severance payments, any other payments, and amounts resulting from acceleration of unvested stock options related to a change of control shall be payable in full, except to the extent that if such payments and resultant additional parachute tax penalties result in a reduction of the net amount received by the Executive, payment above the limits of Section 280 G of the Internal Revenue Code of 1986 will not be made.

  • However, the total of any payment pursuant to this Section 6.02 shall be limited to the extent necessary, in the opinion of legal counsel acceptable to Employee and Ontro, to avoid the payment of an "excess parachute" payment within the meaning of Internal Revenue Code Section 280 G or any similar successor provision.

  • Notwithstanding the provisions of Section 3(a) hereof, in no event shall any payment to be made under Section 3(a) exceed $1.00 less than three times the Executive's "base amount" within the meaning of Section 280 G of the Internal Revenue Code of 1986, as amended (the "Code").

  • Payments under this Section Six shall not exceed 2.99 times "base amount" of salary as defined in Section 280 (G) of the Internal Revenue Code of 1986, as amended.

  • However, all payments made pursuant to this paragraph shall be in accordance with Section 280 G of the Internal Revenue Code.

  • Severance payments, any other payments, and amounts resulting from acceleration of unvested stock options related to a change in control shall be payable in full, except that if such payments and resultant additional parachute tax penalties result in a reduction of the net amount received by the Executive, payment above the limits of Section 280 G of the Internal Revenue Code of 1986 will not be made.

  • Any severance or salary continuation payments to be made under the terms of paragraph 11 herein, (together with any other payments which Executive has the right to receive from the Employers) which would otherwise constitute "parachute payments" subject to the provisions of Section 280 G of the Internal Revenue Code of 1986, as amended, shall not exceed in aggregate present value (determined in accordance with Section 280G) 2.99 times the "base amount" (determined in accordance with Section 280G).

  • The Seller has not made any material payments, is obligated to make any material payments, or is a party to any agreement that under certain circumstances could obligate it to make any material payments that will not be deductible under Code Section 280 G.

  • Notwithstanding any provision herein, if the amount payable hereunder should constitute a parachute payment as defined in Section 280 G of the Internal Revenue Code of the United States (Code), the payment will be reduced to the largest amount that would result in no portion being subject to the excise tax imposed by, or the disallowance of a deduction under, applicable provisions of the Code.