Common use of Limitation on Payments Clause in Contracts

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s benefits under Section 3 will be either:

Appears in 84 contracts

Samples: Severance Agreement (Comscore, Inc.), Change of Control Agreement (Comscore, Inc.), Change of Control and Severance Agreement (CareDx, Inc.)

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Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 45 contracts

Samples: Employment and Severance Agreement, Change in Control Severance Agreement (Iridex Corp), Change in Control Severance Agreement (Iridex Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the “Excise Tax”), then Executive’s benefits under Section 3 will this Agreement shall be either:

Appears in 36 contracts

Samples: Change in Control and Severance Agreement (Performant Financial Corp), Performant Financial (Performant Financial Corp), Change of Control and Severance Agreement (Immersion Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 4(a)(i) will be either:

Appears in 26 contracts

Samples: Change of Control Severance Agreement (Fuel Tech, Inc.), Change of Control Severance Agreement (Fortinet, Inc.), Change of Control Severance Agreement (Fortinet, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 59, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 22 contracts

Samples: Employment Agreement (Pulse Biosciences, Inc.), Executive Employment Agreement (Aadi Bioscience, Inc.), Executive Employment Agreement (Aadi Bioscience, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”) and (ii) but for this Section 59, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 7 will be either:

Appears in 21 contracts

Samples: Executive Employment Agreement (Otonomy, Inc.), Executive Employment Agreement (Otonomy, Inc.), Executive Employment Agreement (Otonomy, Inc.)

Limitation on Payments. (a) In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will this Agreement shall be payable either:

Appears in 20 contracts

Samples: Severance and Change of Control Agreement (Phoenix Technologies LTD), Severance and Change of Control Agreement (Phoenix Technologies LTD), Severance and Change of Control Agreement (Phoenix Technologies LTD)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 57, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s benefits under Section 3 4 will be either:

Appears in 14 contracts

Samples: Separation and Change in Control Severance Agreement (Aerohive Networks, Inc), Separation and Change in Control Severance Agreement (Aerohive Networks, Inc), Separation and Change in Control Severance Agreement (Flynn David K.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Executive (i) constitute “parachute payments” within the meaning of Section 280G of the United States Internal Revenue Code (the “Code”), and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the “Excise Tax”), then Executive’s benefits under Section 3 will this Agreement shall be either:

Appears in 12 contracts

Samples: Change of Control and Severance Agreement (Pixelworks, Inc), And Severance Agreement (Pixelworks, Inc), Change of Control and Severance Agreement (Pixelworks, Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Code Section 280G of the Code, and (ii) but for this Section 56, would be subject to the excise tax imposed by Code Section 4999 of the Code4999, then Executive’s severance benefits under Section 3 4 will be either:

Appears in 12 contracts

Samples: Executive Severance Agreement (Invuity, Inc.), Change of Control Agreement (Invuity, Inc.), Change of Control Agreement (Invuity, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will 4(a)(i) shall be either:

Appears in 11 contracts

Samples: Severance Agreement (Artisan Components Inc), Severance Agreement (Artisan Components Inc), Severance Agreement (Artisan Components Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the “Excise Tax”), then Executive’s benefits under Section 3 will this Agreement shall be either:

Appears in 11 contracts

Samples: Change of Control and Severance Agreement (Cerence Inc.), Change of Control and Severance Agreement (Cerence Inc.), Change of Control and Severance Agreement (Cerence Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 522, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 10 contracts

Samples: Employment Agreement (Inogen Inc), Employment Agreement (Inogen Inc), Employment Agreement (Inogen Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 510, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 10 contracts

Samples: Executive Employment Agreement (Infosys LTD), Anish Bhatnagar Employment Agreement (Capnia, Inc.), Executive Employment Agreement (Sarepta Therapeutics, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 59.0, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 the foregoing clause (i) will be either:

Appears in 10 contracts

Samples: Executive Employment Agreement (Us Ecology, Inc.), Executive Employment Agreement (Us Ecology, Inc.), Executive Employment Agreement (Us Ecology, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”) and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 10 contracts

Samples: Severance and Change of Control Agreement, Severance and Change in Control Agreement (Ameriquest, Inc.), Severance and Change in Control Agreement (Ameriquest, Inc.)

Limitation on Payments. In the event that the severance and or change in control-related or other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 59, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s such payments or benefits under Section 3 will be either:

Appears in 10 contracts

Samples: Employment Agreement (TrueCar, Inc.), Employment Agreement (TrueCar, Inc.), Senior Executive Employment Agreement (TrueCar, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 56, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 4 will be either:

Appears in 10 contracts

Samples: Change of Control Severance Agreement (Evergreen Solar Inc), Change of Control Severance Agreement (Evergreen Solar Inc), Change of Control Severance Agreement (Evergreen Solar Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the “Excise Tax”), then the Executive’s benefits under Section 3 will this Agreement shall be either:

Appears in 9 contracts

Samples: Change of Control Severance Agreement (Logicvision Inc), Change of Control Severance Agreement (Logicvision Inc), Change of Control Severance Agreement (Techwell Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this COC Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s benefits under Section 3 and Section 4(a) respectively will be either:

Appears in 9 contracts

Samples: Executive Severance Agreement (Plantronics Inc /Ca/), Executive Severance Agreement (Plantronics Inc /Ca/), Executive Severance Agreement (Plantronics Inc /Ca/)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 522, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance and other benefits under Section 3 will be either:

Appears in 9 contracts

Samples: Employment and Severance Agreement (Inogen Inc), Employment and Severance Agreement (Inogen Inc), Employment and Severance Agreement (Inogen Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 511, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 8 will be either:

Appears in 9 contracts

Samples: Employment Agreement (Phunware, Inc.), Employment Agreement (Phunware, Inc.), Employment Agreement (Phunware, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or and/or other payments and benefits otherwise payable provided to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then then, at the election of Executive, Executive’s severance benefits under Section 3 3, and/or the other payments and benefits otherwise provided to Executive, will be either:

Appears in 8 contracts

Samples: Control and Severance Agreement (Cortexyme, Inc.), Control and Severance Agreement (Cortexyme, Inc.), Control and Severance Agreement (Cortexyme, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Code, and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the "Excise Tax"), then Executive’s 's benefits under Section 3 will this Agreement shall be either:

Appears in 8 contracts

Samples: Employment Agreement (Electronics for Imaging Inc), Employment Agreement (Electronics for Imaging Inc), Employment Agreement (Electronics for Imaging Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s benefits under Section 3 and Section 4(a) respectively will be either:

Appears in 8 contracts

Samples: Executive Severance Agreement (Plantronics Inc /Ca/), Executive Severance Agreement (Plantronics Inc /Ca/), Executive Severance Agreement (Plantronics Inc /Ca/)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s benefits under Section 3 will be either:

Appears in 8 contracts

Samples: Change of Control and Severance Agreement (Cutera Inc), Change of Control and Severance Agreement (Cutera Inc), Change of Control and Severance Agreement (Cutera Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 510, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 8 will be either:

Appears in 7 contracts

Samples: Executive Employment Agreement (Grid Dynamics Holdings, Inc.), Executive Employment Agreement (Grid Dynamics Holdings, Inc.), Executive Employment Agreement (Grid Dynamics Holdings, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 59, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 6 will be either:

Appears in 7 contracts

Samples: Executive Employment Agreement (National Instruments Corp), Executive Employment Agreement (National Instruments Corp), National Instruments Corporation (National Instruments Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code, ") and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s 's severance benefits under Section 3 will 4(a) shall be either:

Appears in 6 contracts

Samples: Change of Control Severance Agreement (Anacomp Inc), Change of Control Severance Agreement (Anacomp Inc), Change of Control Severance Agreement (Anacomp Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 3(a) will be either:

Appears in 6 contracts

Samples: Change of Control Severance Agreement (NetApp, Inc.), Change of Control Severance Agreement (NetApp, Inc.), Control Severance Agreement (NetApp, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the “Excise Tax”), then Executive’s benefits under Section 3 this Agreement will be either:

Appears in 6 contracts

Samples: Change of Control Severance Agreement (Genesis Microchip Inc /De), Change of Control Severance Agreement (Genesis Microchip Inc /De), Change of Control Severance Agreement (Genesis Microchip Inc /De)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 58, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will this Agreement shall be payable either:

Appears in 5 contracts

Samples: Change of Control Severance Agreement (Codexis, Inc.), Change of Control Severance Agreement (Codexis, Inc.), Change of Control Severance Agreement (Codexis, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to that Executive would receive from the Company or any other party whether in connection with the provisions of this Agreement or otherwise (the “Payments”) would (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s benefits under Section 3 the Payments will be either:

Appears in 5 contracts

Samples: Control and Severance Agreement (Pacific Biosciences of California, Inc.), Change in Control and Severance Agreement (Pacific Biosciences of California, Inc.), Control and Severance Agreement (Pacific Biosciences of California, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 58, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 5 contracts

Samples: Susan Molineaux Employment Agreement (Calithera Biosciences, Inc.), Employment Agreement (SourceForge, Inc), Employment Agreement (SourceForge, Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 3(a) will be either:

Appears in 5 contracts

Samples: Change of Control Severance Agreement (Infinera Corp), Change of Control Severance Agreement (Infinera Corp), Change of Control Severance Agreement (Infinera Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986 (“Code, ”) and (ii) but for this Section 58, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 5 contracts

Samples: Employment Agreement (Geeknet, Inc), Employment Agreement (Geeknet, Inc), Employment Agreement (Geeknet, Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”) and (ii) but for this Section 58, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 6 will be either:

Appears in 5 contracts

Samples: Executive Employment Agreement (Savara Inc), Executive Employment Agreement (Savara Inc), Executive Employment Agreement (Savara Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 2 will be either:

Appears in 5 contracts

Samples: Change in Control Agreement (Marrone Bio Innovations Inc), Change in Control Agreement (Marrone Bio Innovations Inc), Change in Control Agreement (Marrone Bio Innovations Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code, ") and (ii) but for this Section 510, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s 's severance benefits under Section 3 will shall be either:

Appears in 5 contracts

Samples: Executive Employment Agreement (Cytokinetics Inc), Executive Employment Agreement (Cytokinetics Inc), Executive Employment Agreement (Cytokinetics Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in under Section 3(c) of this Agreement or otherwise payable to Executive (ia) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”) and (iib) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then the Executive’s benefits under Section 3 3(c) will be either:reduced (not below zero) to the amount which would result in no portion of such severance benefits being subject to excise tax under Section 4999 of the Code. Any taxes due under Section 4999 of the Code will be the sole responsibility of the Executive.

Appears in 5 contracts

Samples: Executive Severance Agreement (Conns Inc), Executive Severance Agreement (Conns Inc), Executive Severance Agreement (Conns Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”) and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 4(a)(i) will be either:

Appears in 4 contracts

Samples: Change of Control Severance Agreement (Xactly Corp), Change of Control Severance Agreement (Xactly Corp), Change of Control Severance Agreement (Xactly Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code, ") and (ii) but for this Section 514, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s the Employee's severance benefits under Section 3 will 4(a)(i) shall be either:

Appears in 4 contracts

Samples: Employment Agreement (Indus International Inc), Employment Agreement (Indus International Inc), Babka Employment Agreement (Indus International Inc)

Limitation on Payments. (a) In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the “Excise Tax”), then Executive’s benefits under Section 3 will this Agreement shall be either:

Appears in 4 contracts

Samples: Change of Control and Severance Agreement (Violin Memory Inc), Change of Control and Severance Agreement (Violin Memory Inc), Change of Control and Severance Agreement (Violin Memory Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 56, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s benefits under Section 3 4 will be either:

Appears in 4 contracts

Samples: Change in Control and Severance Agreement (On Deck Capital, Inc.), Change in Control and Severance Agreement (On Deck Capital, Inc.), Change in Control and Severance Agreement (On Deck Capital Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 523, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance and other benefits under Section 3 will be either:

Appears in 4 contracts

Samples: Employment and Severance Agreement (Inogen Inc), Employment and Severance Agreement (Inogen Inc), Employment and Severance Agreement (Inogen Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (the “Payments”) (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 59, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s benefits under Section 3 Payments will be either:

Appears in 4 contracts

Samples: Executive Employment Agreement (Pfenex Inc.), Executive Employment Agreement (Pfenex Inc.), Executive Employment Agreement (Pfenex Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”) and (ii) but for this Section 58, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 7 will be either:

Appears in 4 contracts

Samples: Executive Employment Agreement (Savara Inc), Executive Employment Agreement (Mast Therapeutics, Inc.), Executive Employment Agreement (Mast Therapeutics, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 3(a) will be either:

Appears in 4 contracts

Samples: Change of Control Severance Agreement (INFINERA Corp), Change of Control Severance Agreement (INFINERA Corp), Change of Control Severance Agreement (Infinera Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) but for this Section 55(c), would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s 's severance benefits under Section 3 Subsection 5(c) will be payable either:

Appears in 4 contracts

Samples: Executive Employment Agreement (Pulmonx Corp), Executive Employment Agreement (Pulmonx Corp), Executive Employment Agreement (Pulmonx Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the “Excise Tax”), then Executive’s benefits under Section 3 will this Agreement shall be either:

Appears in 4 contracts

Samples: Employment Agreement (Nuance Communications, Inc.), Change of Control and Severance Agreement (Nuance Communications, Inc.), Change of Control and Severance Agreement (Nuance Communications, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code, ") and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then the Executive’s 's severance and benefits under Section 3 will shall be either:

Appears in 4 contracts

Samples: Control Severance Agreement (Indus International Inc), Control Severance Agreement (Indus International Inc), Control Severance Agreement (Indus International Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”) and (ii) but for this Section 58, would be subject to the excise tax imposed by Section 4999 of the Code, then the Executive’s severance benefits under Section 3 6 will be either:

Appears in 4 contracts

Samples: Jeffrey Andreson Employment Agreement (Nanometrics Inc), Ronald Kisling Employment Agreement (Nanometrics Inc), Employment Agreement (Nanometrics Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code, ") and (ii) but for this Section 57, would be subject to the excise tax imposed by Section 4999 of the Code, then the Executive’s 's severance and benefits under Section 3 will shall be either:

Appears in 4 contracts

Samples: Employment Agreement (Indus International Inc), Employment Agreement (Indus International Inc), Employment Agreement (Indus International Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 512, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 4 contracts

Samples: Executive Employment Agreement (Sarepta Therapeutics, Inc.), Executive Employment Agreement (Avi Biopharma Inc), Executive Employment Agreement (Avi Biopharma Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 56, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 3 contracts

Samples: Control Severance Agreement (Pacific Biosciences of California Inc), Control Severance Agreement (Pacific Biosciences of California Inc), Change in Control Severance Agreement (Pacific Biosciences of California Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 57, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 this Agreement and benefits payable outside of this Agreement will be either:

Appears in 3 contracts

Samples: Retention and Ownership Change Event Agreement (Immersion Corp), Retention and Ownership Change Event Agreement (Immersion Corp), Severance Agreement (Intellon Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or together with any other benefits otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 3 contracts

Samples: Severance and Change of Control Agreement (Valentis Inc), Severance and Change of Control Agreement (Valentis Inc), Severance and Change of Control Agreement (Valentis Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 3(a)(i) will be either:

Appears in 3 contracts

Samples: Change of Control Agreement (CareDx, Inc.), Change of Control Agreement (CareDx, Inc.), Change of Control Agreement (CareDx, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 3 contracts

Samples: Severance Agreement (Intevac Inc), Severance Agreement (Intevac Inc), Severance Agreement (Intevac Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 58, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s benefits under Section 3 6 will be either:

Appears in 3 contracts

Samples: Employment Agreement (Rambus Inc), Executive Employment Agreement (Comscore, Inc.), Executive Employment Agreement (Comscore, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”) and (ii) but for this Section 510, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 8 will be either:

Appears in 3 contracts

Samples: Employment Agreement (Velodyne Lidar, Inc.), Employment Agreement (Velodyne Lidar, Inc.), Employment Agreement (Plantronics Inc /Ca/)

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Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s the severance benefits under Section 3 will be either:

Appears in 3 contracts

Samples: Change of Control and Severance Agreement (Thermage Inc), Change of Control and Severance Agreement (Thermage Inc), Change of Control and Severance Agreement (Thermage Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s the severance benefits under Section 3 and under any other applicable agreements will be either:

Appears in 3 contracts

Samples: Change of Control and Severance Agreement (Solta Medical Inc), Change of Control and Severance Agreement (Solta Medical Inc), Control and Severance Agreement (Solta Medical Inc)

Limitation on Payments. (a) In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (iix) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (iiiiy) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will this Agreement shall be payable either:

Appears in 3 contracts

Samples: Severance and Change of Control Agreement (Phoenix Technologies LTD), Severance and Change of Control Agreement (Phoenix Technologies LTD), Severance and Change of Control Agreement (Phoenix Technologies LTD)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 58, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the “Excise Tax”), then Executive’s payments and benefits under Section 3 will this Agreement shall be either:

Appears in 3 contracts

Samples: Employment Agreement, Employment Agreement (Tintri, Inc.), Employment Agreement (Tintri, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”) and (ii) but for this Section 5Section, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will this Agreement shall be payable either:

Appears in 3 contracts

Samples: Change of Control and Severance Agreement (Hyperion Therapeutics Inc), Change of Control Severance Agreement (Bayhill Therapeutics, Inc.), Change of Control Severance Agreement (Bayhill Therapeutics, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Executive (i) constitute “parachute payments” within the meaning of Section 280G of the United States Internal Revenue Code (the “Code”), and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the “Excise Tax”), then Executive’s 's benefits under Section 3 will this Agreement shall be either:

Appears in 2 contracts

Samples: 2012 Executive Employment Agreement (Pixelworks, Inc), Change of Control Severance Agreement (Pixelworks, Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Code, and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s 's benefits under Section 3 will be either:

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Quotient Technology Inc.), Change of Control Severance Agreement (Analog Devices Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”) and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will 4(a)(i) shall be either:

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Inter Tel Inc), Change of Control Severance Agreement (Inter Tel Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then then, at the election of Executive, Executive’s severance benefits under Section 3 2 will be either:

Appears in 2 contracts

Samples: Control and Severance Agreement (InvenSense Inc), Control and Severance Agreement (InvenSense Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”) and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then the Executive’s severance benefits under Section 3 will be either:

Appears in 2 contracts

Samples: Severance and Change of Control Agreement (Hi/Fn Inc), Severance and Change of Control Agreement (Hi/Fn Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then then, at the election of Executive, Executive’s severance benefits under Section 3 will be either:

Appears in 2 contracts

Samples: Control and Severance Agreement (Ooma Inc), Control and Severance Agreement (Ooma Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s 's severance benefits under Section 3 will be either:

Appears in 2 contracts

Samples: Change in Control Severance Agreement (Gigamon Inc.), Change in Control Severance Agreement (Gigamon Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the "Excise Tax"), then Executive’s 's benefits under Section 3 will this Agreement shall be either:

Appears in 2 contracts

Samples: Change of Control Severance Agreement (INPHI Corp), Change of Control Severance Agreement (INPHI Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 518, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 this Agreement will be either:

Appears in 2 contracts

Samples: Executive Employment Agreement (Digirad Corp), Executive Employment Agreement (Digirad Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 512, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 8 will be either:

Appears in 2 contracts

Samples: Employment Agreement (Phunware, Inc.), Employment Agreement (Phunware, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Code, and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s 's severance benefits under Section 3 3(a) will be either:

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Axos Financial, Inc.), Change of Control Severance Agreement (BofI Holding, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 2 contracts

Samples: Change in Control Severance Agreement (Riverbed Technology, Inc.), Control Severance Agreement (Riverbed Technology, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Code Section 280G of the Code, and (ii) but for this Section 5, would be subject to the excise tax imposed by Code Section 4999 of the Code4999, then Executive’s severance benefits under Section 3 will be either:

Appears in 2 contracts

Samples: Severance and Change of Control Agreement (Netsuite Inc), Severance and Change of Control Agreement (Netsuite Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code, ") and (ii) but for this Section 59, would be subject to the excise tax imposed by Section 4999 of the Code, then the Executive’s 's severance benefits under Section 3 will 4(a)(i) shall be either:

Appears in 2 contracts

Samples: Employment Agreement (Indus International Inc), Williams Employment Agreement (Indus International Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Executive (i) constitute "parachute payments" within the meaning of Section 280G of the Code, Code and (ii) but for this Section 59, would be subject to the excise tax imposed by Section 4999 of the Code, then the Executive’s 's severance benefits under Section 3 will Sections 7 or 8 shall be either:

Appears in 2 contracts

Samples: Employment Agreement (Integrated Telecom Express Inc/ Ca), Employment Agreement (Integrated Telecom Express Inc/ Ca)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 56, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 4 will be either:

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Occam Networks Inc/De), Change of Control Severance Agreement (Occam Networks Inc/De)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 511, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 2 contracts

Samples: Executive Employment Agreement (Sarepta Therapeutics, Inc.), Executive Employment Agreement (Avi Biopharma Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G 2800 of the Code, Code and (ii) but for this Section 510, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s 's severance benefits under Section 3 will be either:

Appears in 2 contracts

Samples: Employment Agreement (Telenav, Inc.), Uttley Employment Agreement (Telenav, Inc.)

Limitation on Payments. (a) In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 2 contracts

Samples: Change in Control Severance Agreement (Riverbed Technology, Inc.), Change in Control Severance Agreement (Riverbed Technology, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”) and (ii) but for this Section 510, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will shall be either:

Appears in 2 contracts

Samples: Executive Employment Agreement (Cytokinetics Inc), Executive Employment Agreement (Cytokinetics Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 57, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 4(b) will be either:

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Carrier Access Corp), Change of Control Severance Agreement (Carrier Access Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 53, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 2(a) will be either:

Appears in 2 contracts

Samples: Change of Control Severance Agreement (NetApp, Inc.), Change of Control Severance Agreement (NetApp, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 56, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s the severance benefits under Section 3 will be either:

Appears in 2 contracts

Samples: Change of Control and Severance Agreement (Ambarella Inc), Change of Control and Severance Agreement (Ambarella Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Amended and Restated Employment Agreement or otherwise payable to Executive (ia) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (iib) but for this Section 56.2, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will or other benefits shall be either:

Appears in 1 contract

Samples: Employment Agreement (Cypress Semiconductor Corp /De/)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 54, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 1 contract

Samples: Change of Control Severance Agreement (Iridex Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Executive (i) constitute "parachute payments" within the meaning of Section 280G (as it may be amended or replaced) of the Code, Code and (ii) but for this Section 5section 4.5, would be subject to the excise tax imposed by Section 4999 (as it may be amended or replaced) of the CodeCode (the "Excise Tax"), then the Executive’s 's severance benefits under Section 3 will hereunder section 3. shall be either:

Appears in 1 contract

Samples: Agreement (Lubys Cafeterias Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (ia) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (iib) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the “Excise Tax”), then Executive’s benefits under Section 3 will this Agreement shall be either:

Appears in 1 contract

Samples: Corporation Executive Severance and Change in Control Agreement (Emcore Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 512, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 8 will be either:

Appears in 1 contract

Samples: Employment Agreement (Pacific Biosciences of California Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the “Excise Tax”), then Executive’s 's benefits under Section 3 will this Agreement shall be either:

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Coldwater Creek Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 512, would be subject to the excise tax imposed by Section 4999 of the CodeCode (the “Excise Tax”), then the Executive’s benefits under Section 3 this Agreement will be either:either delivered

Appears in 1 contract

Samples: Employment Agreement (Ellie Mae Inc)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code, ”); and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either:

Appears in 1 contract

Samples: Severance Agreement (MediaAlpha, Inc.)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (collectively, "Benefits") (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 56(a)(i), would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s benefits under Section 3 Benefits will be either:

Appears in 1 contract

Samples: Sohaib Abbasi Employment Agreement (Informatica Corp)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or and/or other payments and benefits otherwise payable provided to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 3, and/or the other payments and benefits otherwise provided to Executive, will be either:

Appears in 1 contract

Samples: Executive Severance Agreement (Fisker Inc./De)

Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, Code and (ii) but for this Section 58.0, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3 the foregoing clause (i) will be either:

Appears in 1 contract

Samples: Executive Employment Agreement (Us Ecology, Inc.)

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