Common use of Further Payments Clause in Contracts

Further Payments. If any portion of any payments or benefits received by you, whether payable pursuant to the terms of your Employment Agreement or any other plan, agreement or arrangement with DSP, shall be subject to tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended by any successor statutory provision, the Company shall promptly pay to you such additional amounts as are necessary so that, after taking into account any tax imposed by such Section 4999 (or any successor statutory provision), and any federal, state and local income and employment taxes and excise tax payable on any such additional amounts, you are in the same after tax position you would have been if such Section 4999 (or any successor statutory provision) did not apply to payments or benefits so received by you.