Common use of IRC Section 280G Clause in Contracts

IRC Section 280G. In no event shall the payment(s) described in this paragraph 5 exceed the amount permitted by Section 280G of the Internal Revenue Code of 1986, as amended (“Section 280G”).

Appears in 4 contracts

Sources: Employment Agreement (Pacific Mercantile Bancorp), Employment Agreement (Pacific Mercantile Bancorp), Employment Agreement (Pacific Mercantile Bancorp)

IRC Section 280G. In no event shall the payment(s) described in this paragraph 5 exceed the amount permitted pennitted by Section 280G of the Internal ofthe Intemal Revenue Code of 1986, as amended (“Section f"Section 280G").

Appears in 1 contract

Sources: Employment Agreement (Pacific Mercantile Bancorp)

IRC Section 280G. In no event shall the payment(s) described in payment(s)describedin this paragraph 5 exceed the amount permitted by Section 280G of the Internal Revenue Code of paragraph5 exceedthe amountpermittedby Section280GoftheIntemalRevenueCodeof 1986, as amended (“Section 280asamendedf'Section280G").

Appears in 1 contract

Sources: Employment Agreement (Pacific Mercantile Bancorp)