Common use of Excise Tax Payment Clause in Contracts

Excise Tax Payment. An additional payment in an amount to cover the full cost of the golden parachute excise tax, and the Executive’s state and Federal income and employment taxes on this excise tax payment, incurred by Executive at any time during Executive’s life or within ten years after Executive’s death as a result of the rights and benefits or any other payment under this Agreement, or under any other agreement with, or plan of, Kaydon or its Subsidiaries.

Excise Tax Payment. An additional payment in an amount to cover the full cost of the golden parachute excise tax, and the Executive’s 's state and Federal income and employment taxes on this excise tax payment, incurred by applicable to Executive at any time during Executive’s life or within ten years after Executive’s death as a result of the rights and benefits or any other payment under this Agreement, or under any other agreement with, or plan of, Kaydon or its Subsidiaries.

Excise Tax Payment. An additional payment in an amount to cover the full cost of the golden parachute excise tax, and the Executive’s state 's State and Federal income and employment taxes on this excise tax payment, incurred by applicable to Executive at any time during Executive’s life or within ten years after Executive’s death as a result of the rights and benefits or any other payment under this Agreement, or under any other agreement with, or plan of, Kaydon or its Subsidiaries.