Common use of Certain Other Payments Clause in Contracts

Certain Other Payments. 6.6.1. In the event that (i) the Executive becomes entitled to any other payments or benefits from the Company in connection with a Change in Control (collectively, the “Total Payments”) which constitute an “excess parachute payment” as defined in Section 280G(b) of the Code, and (ii) the Executive would be subject to an excise tax imposed under Section 4999 of the Code (the “Excise Tax”), then the Executive may submit all or any portion of the Total Payments to a shareholder vote for purposes of satisfying Section 280G(b)(5) of the Code (a “Shareholder Vote”).

Appears in 3 contracts

Samples: Jundt Executive Employment Agreement (Kona Grill Inc), Bartholomay Executive Employment Agreement (Kona Grill Inc), Robinow Executive Employment Agreement (Kona Grill Inc)

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Certain Other Payments. 6.6.16.5.1. In the event that (i) the Executive becomes entitled to any other payments or benefits from the Company in connection with a Change in Control Corporate Transaction (collectively, the “Total Payments") which constitute an “excess parachute payment” as defined in Section 280G(b) of the Code, and (ii) the Executive would be subject to an excise tax imposed under Section 4999 of the Code (the “Excise Tax”), then the Executive may submit all or any portion of the Total Payments to a shareholder vote for purposes of satisfying Section 280G(b)(5) of the Code (a “Shareholder Vote”).

Appears in 1 contract

Samples: Jundt Executive Employment Agreement (Kona Grill Inc)

Certain Other Payments. 6.6.16.5.1. In the event that (i) the Executive becomes entitled to Severance Payments, Success Payments and/or any other payments or benefits from the Company in connection with a Change in Control Corporate Transaction (collectively, the “Total Payments”) which constitute an “excess parachute payment” as defined in Section 280G(b) of the Code, and (ii) the Executive would be subject to an excise tax imposed under Section 4999 of the Code (the “Excise Tax”), then the Executive may submit all or any portion of the Total Payments to a shareholder vote for purposes of satisfying Section 280G(b)(5) of the Code (a “Shareholder Vote”).

Appears in 1 contract

Samples: Executive Employment Agreement (Remy International, Inc.)

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Certain Other Payments. 6.6.1. 6.6.1 In the event that (i) the Executive becomes entitled to any other payments or benefits from the Company in connection with a Change in Control (collectively, the “Total Payments”) which constitute an “excess parachute payment” as defined in Section 280G(b) of the Code, and (ii) the Executive would be subject to an excise tax imposed under Section 4999 of the Code (the “Excise Tax”), then the Executive may submit all or any portion of the Total Payments to a shareholder vote for purposes of satisfying Section 280G(b)(5) of the Code (a “Shareholder Vote”).

Appears in 1 contract

Samples: Buehler Executive Employment Agreement (Kona Grill Inc)

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