Common use of Section 162(m) Limitation Clause in Contracts

Section 162(m) Limitation. In the event and to the extent that the payments due to ▇▇▇▇▇▇▇ under this Agreement exceed the “reasonable compensation” limitations of Section 162(m) of the Code, the portion thereof that would not be deductible by the Company in the taxable year in which the payment is due shall be deferred by the Company and paid to ▇▇▇▇▇▇▇ on the date that is sixteen (16) months following the termination of ▇▇▇▇▇▇▇’▇ employment, together with interest thereon at the rate provided in Section 7872(f)(2) of the Code.

Section 162(m) Limitation. In the event and to the extent that the payments due to ▇▇▇▇▇▇▇▇ under this Agreement Section 6 exceed the “"reasonable compensation” " limitations of Section 162(m) of the Code, the that portion thereof that would not be deductible by the Company in the taxable year in which the payment is due shall be deferred by the Company and paid to ▇▇▇▇▇▇▇▇ on the date that is sixteen (16) months following the termination Date of ▇▇▇▇▇▇▇’▇ employmentTermination, together with interest thereon at the rate provided in Section 7872(f)(2) of the Code.

Section 162(m) Limitation. In the event and to the extent that the payments due to ▇▇▇▇▇▇▇▇▇ under this Agreement exceed the “reasonable compensation” limitations of Section 162(m) of the Code, the portion thereof that would not be deductible by the Company in the taxable year in which the payment is due shall be deferred by the Company and paid to ▇▇▇▇▇▇▇▇▇ on the date that is sixteen (16) months following the termination of ▇▇▇▇▇▇▇▇▇’▇ employment, together with interest thereon at the rate provided in Section 7872(f)(2) of the Code.