280G. Payments and benefits that trigger Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), will be reduced to the extent necessary so that no excise tax would be imposed if doing so would result in the employee retaining a larger after-tax amount, taking into account the income, excise and employment taxes imposed on the payments and benefits.
Appears in 9 contracts
Samples: Employment Agreement (Third Wave Technologies Inc /Wi), Employment Agreement (Third Wave Technologies Inc /Wi), Employment Agreement (Third Wave Technologies Inc /Wi)