Option Redetermination. In the event that the Company determines that the value of any accelerated vesting of stock options held by you shall be redetermined within the context of Treasury Regulation §1.280G-1 Q/A 33 (the “Option Redetermination”), you shall (i) file with the Internal Revenue Service an amended federal income tax return that claims a refund of the overpayment of the Excise Tax attributable to such Option Redetermination and (ii) promptly pay the refundable Excise Tax to the Company.
Appears in 7 contracts
Sources: Employment Agreement (Central Pacific Financial Corp), Employment Agreement (Central Pacific Financial Corp), Employment Agreement (Central Pacific Financial Corp)
Option Redetermination. In the event that the Company determines that the value of any accelerated vesting of stock share options held by you the Executive shall be redetermined within the context of Treasury Regulation §1.280G-1 Q/A 33 (the “Option Redetermination”), you the Executive shall (i) file with the Internal Revenue Service an amended federal income tax return that claims a refund of the overpayment of the Excise Tax attributable to such Option Redetermination and (ii) promptly pay the refundable Excise Tax to the Company.
Appears in 5 contracts
Sources: Change in Control Severance Agreement (Archipelago Holdings L L C), Change in Control Severance Agreement (Archipelago Holdings L L C), Change in Control Severance Agreement (Archipelago Holdings L L C)