payment” within the meaning of Section 280G of the Code, and (b) but for this sentence, be
subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such
Payment shall either be (i) delivered in full, or (ii) delivered as to such lesser extent which would
result in no portion of such Payment being subject to the Excise Tax, whichever of the foregoing
amounts, taking into account the applicable federal, state and local income taxes and the Excise
Tax, results in the receipt by Executive on an after-tax basis, of the largest payment,
notwithstanding that all or some portion of the Payment may be taxable under Section 4999 of
the Code. The accounting firm engaged by Employer for general audit purposes as of the day
prior to the effective date of the relevant change in control (within the meaning of Code Section
280G) shall perform the foregoing calculations. Any good faith determinations of Employer
made hereunder based on the calculations of the foregoing accounting firm shall be final, binding
and conclusive on all Persons. Any reduction in payments and/or benefits pursuant to this
Section 9(m) will occur in the following order: (1) reduction of cash payments; (2) cancellation
of accelerated vesting of equity awards other than stock options; (3) cancellation of accelerated
vesting of stock options; and (4) reduction of other benefits payable to Executive.
Notwithstanding anything to the contrary in this Agreement, if, in connection with any change in
ownership or control, IPO, or other transaction or event that constitutes or may reasonably be
expected to constitute a change in ownership or control within the meaning of Section 280G of
the Code, any payment or benefit to be received or retained by Executive, whether pursuant to
this Agreement or otherwise, would or may reasonably be expected to constitute a “parachute
payment” within the meaning of Section 280G of the Code and result in the imposition of the
excise tax under Section 4999 of the Code, then, before applying any reduction or cutback under
this Section 9(m), Employer shall, and shall cause the applicable member of the Company Group
to, to the extent the shareholder approval exemption under Section 280G(b)(5)(A)(ii) and Section
280G(b)(5)(B) of the Code is available, use reasonable best efforts to submit such payment or
benefit, or such portion thereof as is necessary or advisable, for approval by the shareholders,
members, partners or other equityholders whose approval is required under Section 280G of the
Code and the Treasury Regulations promulgated thereunder. For purposes of this Section, “280G
Approval” means approval intended to satisfy Section 280G(b)(5)(B) of the Code and Treasury
Regulation Section 1.280G-1, Q/A-7, including, to the extent applicable, approval by more than
75% of the voting power entitled to vote for such purpose, after full and truthful disclosure to all
persons entitled to vote of all material facts concerning the payments or benefits that would,
absent such approval, constitute parachute payments. In furtherance of the foregoing, Employer
shall, and shall cause the applicable member of the Company Group to: (A) provide Executive
and Executive’s legal and tax advisors with copies of the proposed calculations, disclosure
materials, shareholder consent, ballot and any waiver or contingent waiver (in each case, solely
with respect to Executive’s payments or arrangements described or analyzed therein) reasonably
in advance of delivery to the applicable shareholders or equityholders, and consider in good faith
any reasonable comments thereto; (B) prepare and distribute disclosure materials that are
intended to satisfy the adequate disclosure requirements of Section 280G(b)(5)(B) of the Code
and the Treasury Regulations promulgated thereunder; (C) solicit the requisite 280G Approval
prior to the consummation of the applicable transaction or event; (D) not take any action, or omit
to take any action, for the purpose of frustrating or avoiding the 280G Approval process; and (E)
bear all fees, costs and expenses of the foregoing process. Executive shall reasonably cooperate
with such 280G Approval process, including by executing, prior to the applicable vote, a