Common use of Section 280G Approval Clause in Contracts

Section 280G Approval. The 280G Proposal shall have been subject to a vote by the Company Stockholders as required by Section 5.5, and each “disqualified individual” set forth on Schedule 5.5(e) of the Company Disclosure Letter shall have agreed pursuant to the terms of the Parachute Payment Waiver, to, and shall, forfeit any payments that would be non-deductible if the stockholder approval described in Section 5.5 is not obtained.

Appears in 1 contract

Sources: Merger Agreement (Vonage Holdings Corp)

Section 280G Approval. The 280G Proposal shall have been subject to a vote by the Company Stockholders Shareholders as required by Section 5.55.11(d), and and, as required by Section 5.11(c), each “disqualified individual” set forth on Schedule 5.5(e5.11(c) of the Company Disclosure Letter shall have agreed pursuant to the terms of the Parachute Payment Waiver, to, and shall, forfeit any payments that would be non-deductible if the stockholder shareholder approval described in Section 5.5 5.11(d) is not obtained.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Covad Communications Group Inc)

Section 280G Approval. The 280G Proposal shall have been subject to a vote by the Company Stockholders as required by Section 5.55.11(d), and and, as required by Section 5.11(c), each "disqualified individual" set forth on Schedule 5.5(e5.11(c) of the Company Disclosure Letter shall have agreed pursuant to the terms of the Parachute Payment Waiver, to, and shall, forfeit any payments that would be non-deductible if the stockholder approval described in Section 5.5 5.11(d) is not obtained.

Appears in 1 contract

Sources: Merger Agreement (Covad Communications Group Inc)

Section 280G Approval. The 280G Proposal shall have been subject to a vote by the Company Stockholders Shareholders as required by Section 5.55.5(c), and each “disqualified individual” set forth on Schedule 5.5(e5.5(d) of the Company Disclosure Letter Schedule shall have agreed pursuant to the terms of the Parachute Payment Waiver, to, and shall, forfeit any payments that would be non-deductible if the stockholder shareholder approval described in Section 5.5 5.5(c) is not obtained.

Appears in 1 contract

Sources: Acquisition Agreement (Amn Healthcare Services Inc)