Document ID: 10395

Text:
(ii) If the Capped Amount is greater than the Net Uncapped Amount, the Executive shall be entitled to receive or commence to receive Payments equal to the Capped Amount; or if the Net Uncapped Amount is greater than the Capped Amount the Executive shall be entitled to receive or commence to receive Payments equal to the Uncapped Payments. To arrive at the Capped Amount, cash payments shall be reduced before equity-based compensation or other non-cash compensation or benefits, in each case in reverse order beginning with payments or benefits that are to be paid the furthest in time from consummation of the transaction that is subject to Code Section280G, provided that, in the case of all the foregoing payments, compensation and benefits, all amounts that are not subject to calculation under Treas. Reg. 1.280G-1 , Q &amp;A-24(b) or (c)shall be reduced before any amount that are subject to calculation under Treas. Reg. 1.280G-1 , Q &amp;A-24(b) or (c)as would result in no portion of the payments, compensation or benefits being considered excess parachute payments under Code Section280G. All reductions hereunder shall also be done in a manner which complies with Code Section409A.

Named Entities:
114
115
Regulation
142
148
Regulation

Tokenized Text:
(
ii
)
If
the
Capped
Amount
is
greater
than
the
Net
Uncapped
Amount
,
the
Executive
shall
be
entitled
to
receive
or
commence
to
receive
Payments
equal
to
the
Capped
Amount
;
or
if
the
Net
Uncapped
Amount
is
greater
than
the
Capped
Amount
the
Executive
shall
be
entitled
to
receive
or
commence
to
receive
Payments
equal
to
the
Uncapped
Payments
.
To
arrive
at
the
Capped
Amount
,
cash
payments
shall
be
reduced
before
equity-based
compensation
or
other
non-cash
compensation
or
benefits
,
in
each
case
in
reverse
order
beginning
with
payments
or
benefits
that
are
to
be
paid
the
furthest
in
time
from
consummation
of
the
transaction
that
is
subject
to
Code
Section280G
,
provided
that
,
in
the
case
of
all
the
foregoing
payments
,
compensation
and
benefits
,
all
amounts
that
are
not
subject
to
calculation
under
Treas
.
Reg
.
1
.
280G-1
,
Q
&
amp
;
A-24
(
b
)
or
(
c
)
shall
be
reduced
before
any
amount
that
are
subject
to
calculation
under
Treas
.
Reg
.
1
.
280G-1
,
Q
&
amp
;
A-24
(
b
)
or
(
c
)
as
would
result
in
no
portion
of
the
payments
,
compensation
or
benefits
being
considered
excess
parachute
payments
under
Code
Section280G
.
All
reductions
hereunder
shall
also
be
done
in
a
manner
which
complies
with
Code
Section409A
.