Document ID: 10674

Text:
than the Executive would receive if the Aggregate Payments were not subject to such reduction. In such event, the Aggregate Payments shall be reduced in the following order, in each case, in reverse chronological order beginning with the Aggregate Payments that are to be paid the furthest in time from consummation of the transaction that is subject to Section280G of the Code: (1)cash payments not subject to Section409A of the Code; (2)cash payments subject to Section409A of the Code; (3)equity-based payments and acceleration; and (4)non-cash forms of benefits; provided that in the case of all the foregoing Aggregate Payments all amounts or payments that are not subject to calculation under Treas. Reg. 1.280G-1 , Q &amp;A-24(b) or (c)shall be reduced before any amounts that are subject to calculation under Treas. Reg. 1.280G-1 , Q &amp;A-24(b) or (c).

Named Entities:
131
137
Regulation

Tokenized Text:
than
the
Executive
would
receive
if
the
Aggregate
Payments
were
not
subject
to
such
reduction
.
In
such
event
,
the
Aggregate
Payments
shall
be
reduced
in
the
following
order
,
in
each
case
,
in
reverse
chronological
order
beginning
with
the
Aggregate
Payments
that
are
to
be
paid
the
furthest
in
time
from
consummation
of
the
transaction
that
is
subject
to
Section280G
of
the
Code
:
(
1
)
cash
payments
not
subject
to
Section409A
of
the
Code
;
(
2
)
cash
payments
subject
to
Section409A
of
the
Code
;
(
3
)
equity-based
payments
and
acceleration
;
and
(
4
)
non-cash
forms
of
benefits
;
provided
that
in
the
case
of
all
the
foregoing
Aggregate
Payments
all
amounts
or
payments
that
are
not
subject
to
calculation
under
Treas
.
Reg
.
1
.
280G-1
,
Q
&
amp
;
A-24
(
b
)
or
(
c
)
shall
be
reduced
before
any
amounts
that
are
subject
to
calculation
under
Treas
.
Reg
.
1
.
280G-1
,
Q
&
amp
;
A-24
(
b
)
or
(
c
)
.