Common use of Gross-up for Certain Taxes Clause in Contracts

Gross-up for Certain Taxes. If it is determined (by the reasonable computation of Stilwell's independent auditors, which determinations shall be certixxxx xx xx such auditors and set forth in a written certificate ("Certificate") delivered to Executive) that any benefit received or deemed received by Executive from Stilwell pursuant to this Agreement or otherwise (collectively, the "Xxxxxxxs") is or will become subject to any excise tax under Section 4999 of the Code or any similar tax payable under any United States federal, state, local or other law (such excise tax and all such similar taxes collectively, "Excise Taxes"), then Stilwell shall, immediately after such determination, pay Executive xx xxxxxt (the "Gross-up Payment") equal to the product of:

Appears in 2 contracts

Samples: Employment Agreement (Janus Capital Group Inc), Employment Agreement (Janus Capital Group Inc)

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Gross-up for Certain Taxes. If it is determined (by the reasonable computation of Stilwell's independent auditorsauditoxx, which xxxxx determinations shall be certixxxx xx xx certified to by such auditors and set forth in a written certificate ("Certificate") delivered to the Executive) that any benefit received or deemed received by the Executive from Stilwell pursuant to this Agreement or Agrexxxxx xx otherwise (collectively, the "XxxxxxxsPayments") is or will become subject to any excise tax under Section 4999 of the Code or any similar tax payable under any United States federal, state, local or other law (such excise tax and all such similar taxes collectively, "Excise Taxes"), then Stilwell shall, immediately after such xxxxx xxch determination, pay the Executive xx xxxxxt an amount (the "Gross-up Payment") equal to the product of:

Appears in 1 contract

Samples: Employment Agreement (Stilwell Financial Inc)

Gross-up for Certain Taxes. If it is determined (by the reasonable computation of Stilwell's independent auditors, which determinations shall be certixxxx xx xx xxxxxxied to by such auditors and set forth in a written certificate ("Certificate") delivered to Executive) that any benefit received or deemed received by Executive from Stilwell pursuant to this Agreement or otherwise (collectivelycollectivxxx, the xxx "XxxxxxxsPayments") is or will become subject to any excise tax under Section 4999 of the Code or any similar tax payable under any United States federal, state, local or other law (such excise tax and all such similar taxes collectively, "Excise Taxes"), then Stilwell shall, immediately after such determination, pay Executive xx xxxxxt Exxxxxxxx an amount (the "Gross-up Payment") equal to the product of:

Appears in 1 contract

Samples: Employment Agreement (Janus Capital Group Inc)

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Gross-up for Certain Taxes. If it is determined (by the reasonable computation of Stilwell's independent auditors, which determinations shall be certixxxx certxxxxx xx xx xy such auditors and set forth in a written certificate ("Certificate") delivered to Executive) that any benefit received or deemed received by Executive from Stilwell pursuant to this Agreement or otherwise (collectively, the "XxxxxxxsXxxxxxts") is or will become subject to any excise tax under Section 4999 of the Code or any similar tax payable under any United States federal, state, local or other law (such excise tax and all such similar taxes collectively, "Excise Taxes"), then Stilwell shall, immediately after such determination, pay Executive xx xxxxxt xxxxnt (the "Gross-up Payment") equal to the product of:

Appears in 1 contract

Samples: Employment Agreement (Janus Capital Group Inc)

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