Value of Non. compete for Purposes of Code Section 280G. For purposes of Code Section 280G, the Employers shall ascribe a value to the restrictive covenants imposed upon the Executive pursuant to Section 20(a), with such value to not exceed one-half of the Executive’s annual compensation as of the date of the Change in Control for each six-month period covered by Section 20(a).
Appears in 2 contracts
Sources: Change in Control Agreement (Emclaire Financial Corp), Change in Control Agreement (Emclaire Financial Corp)