Common use of Certain Tax Consequences Clause in Contracts

Certain Tax Consequences. Whether or not the Executive becomes entitled to the payments and benefits described in this Section 5, if any of the payments or benefits received or to be received by the Executive in connection with a change in ownership or control of the Company (a "Statutory Change in Control"), as defined in section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), or the Executive's termination of employment (whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement with the Company, any person whose actions result in a Statutory Change in Control or any person affiliated with the Company or such person) (collectively, the "Severance Benefits") will be subject to any excise tax (the "Excise Tax") imposed under section 4999 of the Internal Revenue Code of 1986, as amended (the "Code"), the Company shall pay to the Executive an additional amount equal to the Excise Tax, plus any additional taxes resulting from the payment to the Executive by the Company for such Excise Tax (the "Excise Tax Payment"). For purposes of determining whether any of the Severance Benefits will be subject to the Excise Tax and the amount of such Excise Tax:

Certain Tax Consequences. (A) Whether or not the Executive becomes entitled to the payments and benefits described in this Section 5, if any of the payments or benefits received or to be received by the Executive in connection with a change in ownership or control of the Company (a "Statutory Change in Control")Company, as defined in section 280G of the Internal Revenue Code of 1986, as amended (the "Code"a “Statutory Change in Control”), or the Executive's ’s termination of employment (whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement with the Company, any person whose actions result in a Statutory Change in Control or any person affiliated with the Company or such person) (collectively, the "“Severance Benefits"Benefits ”) will be subject to any excise tax (the "“Excise Tax"”) imposed under section 4999 of the Internal Revenue Code of 1986, as amended (the "Code"after giving effect to Section 5(i)(i)(B), the Company shall pay to the Executive an additional amount equal to the Excise Tax, plus any amount necessary to “gross up” the Executive for additional taxes resulting from the payment payments to the Executive by the Company for such Excise Tax under this Section 5(i)(i) (the "“Excise Tax Payment"”). For purposes of determining whether any Each Excise Tax Payment shall be made not less than five (5) business days prior to the due date for payment of the Severance Benefits will be subject to the Excise Tax and the amount of such Excise Tax:.

Certain Tax Consequences. (A) Whether or not the Executive becomes entitled to the payments and benefits described in this Section 5, if any of the payments or benefits received or to be received by the Executive in connection with a change in ownership or control of the Company (a "Statutory Change in Control")Company, as defined in section 280G of the Internal Revenue Code of 1986, as amended (the a "CodeStatutory Change in Control"), or the Executive's termination of employment (whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement with the Company, any person whose actions result in a Statutory Change in Control or any person affiliated with the Company or such person) (collectively, the "Severance Benefits") will be subject to any excise tax (the "Excise Tax") imposed under section 4999 of the Internal Revenue Code of 1986, as amended (the "Code"after giving effect to Section 5(i)(i)(B), the Company shall pay to the Executive an additional amount equal to the Excise Tax, plus any amount necessary to "gross up" the Executive for additional taxes resulting from the payment payments to the Executive by the Company for such Excise Tax under this Section 5(i)(i) (the "Excise Tax Payment"). For purposes of determining whether any Each Excise Tax Payment shall be made not less than five (5) business days prior to the due date for payment of the Severance Benefits will be subject to the Excise Tax and the amount of such Excise Tax:.

Certain Tax Consequences. (A) Whether or not the Executive becomes entitled to the payments and benefits described in this Section 5, if any of the payments or benefits received or to be received by the Executive in connection with a change in ownership or control of the Company (a "Statutory Change in Control")Company, as defined in section 280G of the Internal Revenue Code of 1986, as amended (the "Code"a “Statutory Change in Control”), or the Executive's ’s termination of employment (whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement with the Company, any person whose actions result in a Statutory Change in Control or any person affiliated with the Company or such person) (collectively, the "“Severance Benefits"Benefits “) will be subject to any excise tax (the "“Excise Tax"”) imposed under section 4999 of the Internal Revenue Code of 1986, as amended (the "Code"after giving effect to Section 5(i)(i)(B), the Company shall pay to the Executive an additional amount equal to the Excise Tax, plus any amount necessary to “gross up” the Executive for additional taxes resulting from the payment payments to the Executive by the Company for such Excise Tax under this Section 5(i)(i) (the "“Excise Tax Payment"”). For purposes of determining whether any Each Excise Tax Payment shall be made not less than five (5) business days prior to the due date for payment of the Severance Benefits will be subject to the Excise Tax and the amount of such Excise Tax:.

Certain Tax Consequences. (A) Whether or not the Executive becomes entitled to the payments and benefits described in this Section 5, if any of the payments or benefits received or to be received by the Executive in connection with a change in ownership or control of the Company (a "Statutory Change in Control")Company, as defined in section 280G of the Internal Revenue Code of 1986, as amended 1986 (the "“Code"”) (a “Statutory Change in Control”), or the Executive's ’s termination of employment (whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement with the Company, any person whose actions result in a Statutory Change in Control or any person affiliated with the Company or such person) (collectively, the "“Severance Benefits"Benefits “) will be subject to any excise tax (the "“Excise Tax"”) imposed under section 4999 of the Internal Revenue Code of 1986, as amended (the "Code"after giving effect to Section 5(i)(i)(B), the Company shall pay to the Executive an additional amount equal to the Excise Tax, plus any amount necessary to “gross up” the Executive for additional taxes resulting from the payment payments to the Executive by the Company for such Excise Tax under this Section 5(i)(i) (the "“Excise Tax Payment"”). For purposes of determining whether any Each Excise Tax Payment shall be made not less than five (5) business days prior to the due date for payment of the Severance Benefits will be subject to the Excise Tax and the amount of such Excise Tax:.