Common use of Cap on Payments Clause in Contracts

Cap on Payments. If Independent Tax Counsel shall determine that the aggregate payments made to the Employee pursuant to this Agreement and any other payments to the Employee from the Company which constitute “parachute payments” as defined

Appears in 2 contracts

Sources: Survivor Benefit Deferred Compensation Agreement (Corning Natural Gas Corp), Survivor Benefit Deferred Compensation Agreement (Corning Natural Gas Corp)