Deferred Gross Up Payment Sample Clauses


Deferred Gross-Up Payment. Notwithstanding the provisions of Section 7.2, if any Payment to which an Excise Tax relates shall not be payable or distributable before the date the initial Gross-Up Payment is due pursuant to Section 7.2, then the Gross-Up Payment attributable to such Payment shall be paid to Executive within five business days of the date of such Payment.