Nondeductible Amount

Nondeductible Amount. The "Nondeductible Amount" for a Relevant Tax Year means the excess of (i) the "applicable employee remuneration" under Section 162(m) with respect to the Execu tive for such Relevant Tax Year over (ii) the portion of such applicable employee remuneration that does not exceed the dollar limitation set forth in Section 162(m)(1) of the Code (without regard to Section 162(m)(4)(F) of the Code); provided, that if there is no such excess, then the "Nondeductible Amount" for that ... Relevant Tax Year is zero. View More