Parachute Payment

Parachute Payment. Has the meaning assigned to that term in Q/A-2 but without reference to subsection (4) of Q/A-2 (with the effect that a payment otherwise meeting the definition of "Parachute Payment" will be referred to as a Parachute Payment even if the total of all such Parachute Payments is less than three times Executive's base amount (as defined Q/A-34) (note that although initial capital letters are used on this term in this Agreement, the Q/As do not use initial caps for this term).

Parachute Payment. Means "parachute payment" within the meaning of IRC Section 280G.

Parachute Payment. Any payment in the nature of compensation payable to the Executive if such payment is contingent on a change in the ownership or effective control of the Company or PFMI.

Parachute Payment. Any payment or benefit arising out of or in connection with a change of ownership or effective control of the Company or a substantial portion of its 12 For Tier One.13 For Tier Two.assets within the meaning of Section 280G of the Code, that is made or provided, or to be made or provided, by the Company (or any successors thereto or affiliates thereof) to Executive, whether pursuant to the terms of this Agreement or any other plan, agreement, or arrangement (any such payment or benefit, a... "Parachute Payment") would be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax") and (b) the net after-tax amount (taking into account all applicable taxes payable by Executive, including any Excise Taxes) that Executive would receive with respect to such Parachute Payments does not exceed the net after-tax amount that Executive would receive if the amount of such Parachute Payments were reduced to the maximum amount that could otherwise be payable to Executive without the imposition of the Excise Tax, then such Parachute Payments shall be reduced to the extent necessary to eliminate the imposition of the Excise Tax. View More

Parachute Payment. Means any payment or benefit in the nature of compensation which is made to Executive in connection with the Acquisition and which is deemed to constitute a parachute payment under Code Section 280G(b)(2) and the Treasury Regulations issued thereunder.

Parachute Payment. The term "Parachute Payment" has the meaning set forth in Section 280G of the Code and applicable Treasury regulations.

Parachute Payment. Within the meaning of IRC Section 280G.

Parachute Payment. Shall have the meaning set forth in Paragraph 22(c)

Parachute Payment. A "parachute payment" as defined in Code Section 280G(b)(2)

Parachute Payment. Means a payment (under this Agreement or any other plan, agreement or arrangement) that is described in Code section 280G(b)(2), determined in accordance with Code section 280G and the regulations thereunder.