BROOKSIDE COUNTRY CLUB Clause Samples

BROOKSIDE COUNTRY CLUB. The Company's payment of Maho▇▇▇'▇ ▇▇▇bership at Brookside Country Club shall be continued during the Severance Period subject to normal payroll deductions. As of the Retirement Date, Maho▇▇▇'▇ ▇▇▇bership at Brookside Country Club (i.e., the stock certificate) shall revert to him, and the value of that membership shall constitute taxable income to Maho▇▇▇ ▇▇ that time and shall be factored into the amount of payroll taxes withheld from the Continued Salary payments made to Maho▇▇▇ ▇▇▇suant to Paragraph 3. a. After the Retirement Date, Maho▇▇▇ ▇▇▇ll bear the costs of membership at Brookside Country Club.