Common use of Gross-Up Payment Clause in Contracts

Gross-Up Payment. The term “Gross Up Payment” for purposes of this Agreement shall mean a payment to or on behalf of Executive which shall be sufficient to pay (i) any excise tax described in § 9 in full, (ii) any federal, state and local income tax and social security and other employment tax on the payment made to pay such excise tax as well as any additional taxes on such payment and (iii) any interest or penalties assessed by the Internal Revenue Service on Executive which are related to the payment of such excise tax unless such interest or penalties are attributable to Executive’s willful misconduct or negligence.

Gross-Up Payment. The term “"Gross Up Payment” " for purposes of ---------------- this Agreement shall mean a payment to or on behalf of Executive which shall be sufficient to pay (i) any excise tax described in § (S) 9 in full, (ii) any federal, state and local income tax and social security and other employment tax on the payment made to pay such excise tax as well as any additional taxes on such payment and (iii) any interest or penalties assessed by the Internal Revenue Service on Executive which are related to the payment of such excise tax unless such interest or penalties are attributable to Executive’s 's willful misconduct or negligence.

Gross-Up Payment. The term “"Gross Up Payment” " for purposes of this Agreement shall mean a payment to or on behalf of Executive which shall be sufficient to pay (ia) any excise tax described in § 9 Section 13 in full, (iib) any federal, state and local income tax and social security and other employment tax on the payment made to pay such excise tax as well as any additional taxes on such payment and (iiic) any interest or penalties assessed by the Internal Revenue Service on Executive which are related to the payment of such excise tax unless such interest or penalties are attributable to Executive’s 's willful misconduct or gross negligence.

Gross-Up Payment. The term “"Gross Up Payment” " for purposes of this Agreement shall mean a payment to or on behalf of Executive which shall be sufficient to pay (ia) any excise tax described in § 9 Section 8 in full, (iib) any federal, state and local income tax and social security and other employment tax on the payment made to pay such excise tax as well as any additional taxes on such payment and (iiic) any interest or penalties assessed by the Internal Revenue Service on Executive which are related to the payment of such excise tax unless such interest or penalties are attributable to Executive’s 's willful misconduct or gross negligence.

Gross-Up Payment. The term “"Gross Up Payment” " for purposes of this Agreement shall mean a payment to or on behalf of Executive which shall be sufficient to pay (i) any excise tax described in § 9 in full, (ii) any federal, state and local income tax and social security and other employment tax on the payment made to pay such excise tax as well as any additional taxes on such payment and (iii) any interest or penalties assessed by the Internal Revenue Service on Executive which are related to the payment of such excise tax unless such interest or penalties are attributable to Executive’s 's willful misconduct or negligence.

Gross-Up Payment. The term “"Gross Up Payment” " for purposes of this Agreement shall mean a payment to or on behalf of Executive which shall be sufficient to pay (ia) any excise tax described in § 9 Section 4 in full, (iib) any federal, state and local income tax and social security and other employment tax on the payment made to pay such excise tax as well as any additional taxes on such payment and (iiic) any interest or penalties assessed by the Internal Revenue Service on Executive which are related to the payment of such excise tax unless such interest or penalties are attributable to Executive’s 's willful misconduct or gross negligence.

Gross-Up Payment. The term “Gross Up Payment” for purposes of this Agreement shall mean means a payment to or on behalf of Executive which shall be sufficient to pay (i) any excise tax described in § 9 4.4(c)(3) in full, (ii) any federal, state and local income tax and social security and other employment tax on the payment made to pay such excise tax as well as any additional taxes taxes, including excise taxes, on such payment and (iii) any interest or penalties assessed by the Internal Revenue Service on Executive which are related to the payment of such excise tax unless such interest or penalties are attributable to Executive’s willful misconduct or negligence.

Gross-Up Payment. The term “"Gross Up Payment” " for purposes of this Agreement shall mean a payment to or on behalf of Executive which shall be sufficient to pay (i) any excise tax described in § ss. 9 in full, (ii) any federal, state and local income tax and social security and other employment tax on the payment made to pay such excise tax as well as any additional taxes on such payment and (iii) any interest or penalties assessed by the Internal Revenue Service on Executive which are related to the payment of such excise tax unless such interest or penalties are attributable to Executive’s 's willful misconduct or negligence.