Common use of Deductibility of Payments Clause in Contracts

Deductibility of Payments. There is no contract, ------------------------- agreement, plan or arrangement covering any employee or former employee of the Company (with respect to its relationship with such entities) that, individually or collectively, provides for the payment by the Company of any amount (i) that is not deductible by the Company under Section 162(a)(1) or 404 of the Code, whichever is applicable, (ii) for which the deduction by the Company would be disallowed under Section 162(m) of the Code, or (iii) that is an "excess parachute payment" pursuant to Section 280G of the Code.

Deductibility of Payments. There is no contract, ------------------------- agreement, ------------------------- plan or arrangement covering any employee or former employee of the Company (with respect to its relationship with such entities) that, individually or collectively, provides for the payment by the Company of any amount (i) that is not deductible by the Company under Section 162(a)(1) or 404 of the Code, whichever is applicable, (ii) for which the deduction by the Company would be disallowed under Section 162(m) of the Code, or (iii) that is an "excess parachute payment" pursuant to Section 280G of the Code.

Deductibility of Payments. There Except as disclosed in ------------------------- Schedule 4.13, there is no contract, ------------------------- agreement, plan or arrangement covering any employee ------------- present or former employee employee, director or consultant of the Company or any of its Subsidiaries (with respect to its his or her relationship with such entities) that, individually or collectively, provides for the payment by the Company of any amount (i) that is not deductible by the Company under Section 162(a)(1) or 404 of the Code, whichever is applicable, Code or (ii) for which the deduction by the Company would be disallowed under Section 162(m) of the Code, or (iii) that is an "excess parachute payment" pursuant to Section 280G of the Code.

Deductibility of Payments. There is no contract, ------------------------- agreement, ------------------------- plan or arrangement covering any employee or former employee of the Company Company, its Subsidiaries or Chroma (with respect to its such employee's relationship with such entitiesthe Company, its Subsidiaries or Chroma) that, individually or collectively, provides for requires the payment by the Company Company, its Subsidiaries or Chroma of any amount (i) that is not deductible by the Company under Section 162(a)(1) or 404 of the Code, whichever is applicable, Internal Revenue Code or (ii) for which the deduction by the Company would be disallowed under Section 162(m) of the Code, or (iii) that is an "excess parachute payment" pursuant to Section 280G of the Internal Revenue Code.

Deductibility of Payments. There is no contract, ------------------------- agreement, ------------------------- plan or arrangement covering any employee or former employee of the Company or Metroquip (with respect to its relationship with such entities) that, individually or collectively, provides for the payment by the Company or Metroquip of any amount (i) that is not deductible by the Company or Metroquip under Section 162(a)(1) or 404 of the Code, whichever is applicable, (ii) for which the deduction by the Company would be disallowed under Section 162(m) of the Code, or (iii) that is an "excess parachute payment" pursuant to Section 280G of the Code.

Deductibility of Payments. There Except for the contracts with ------------------------- ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇. ▇▇▇▇, there is no contract, ------------------------- agreement, plan or arrangement covering any employee or former employee of the Company (with respect to its relationship with such entities) that, individually or collectively, provides for the payment by the Company of any amount (i) that is not deductible by the Company under Section 162(a)(1) or 404 of the Code, whichever is applicable, (ii) for which the deduction by the Company would be disallowed under Section 162(m) of the Code, or (iii) that is an "excess parachute payment" pursuant to Section 280G of the Code.