Common use of Parachute Excise Tax Clause in Contracts

Parachute Excise Tax. In the event that any amounts payable under this Agreement or otherwise to Executive would (i) constitute “parachute payments” within the meaning of section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), or any comparable successor provisions and (ii) but for this Subsection (b) would be subject to the excise tax imposed by section 4999 of the Code or any comparable successor provisions (the “Excise Tax”), then such amounts payable to Executive hereunder shall be either:

Appears in 10 contracts

Samples: Executive Employment Agreement, Executive Employment Agreement (Grow Condos, Inc.), Executive Consulting Agreement (Core Lithium Corp.)

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Parachute Excise Tax. In the event that any amounts payable under this Agreement or otherwise to Executive would (i) constitute “parachute payments” within the meaning of section Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), or any comparable successor provisions and (ii) but for this Subsection (bSection 7(b)(iii) would be subject to the excise tax imposed by section Section 4999 of the Code or any comparable successor provisions (the “Excise Tax”), then such amounts payable to Executive hereunder shall will be either:

Appears in 9 contracts

Samples: Employment Agreement (Vizio, Inc.), Employment Agreement (Vizio, Inc.), Employment Agreement (Vizio, Inc.)

Parachute Excise Tax. In the event that any amounts payable under this Agreement or otherwise to Executive would (i) constitute “parachute payments” within the meaning of section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), or any comparable successor provisions and (ii) but for this Subsection (b) subsection would be subject to the excise tax imposed by section 4999 of the Code or any comparable successor provisions (the “Excise Tax”), then such amounts payable to Executive hereunder shall be either:

Appears in 4 contracts

Samples: Executive Employment Agreement (Costco Wholesale Corp /New), Executive Employment Agreement (Costco Wholesale Corp /New), Executive Employment Agreement (Costco Wholesale Corp /New)

Parachute Excise Tax. In the event that any amounts payable under the severance and other benefits provided for in this Agreement or otherwise payable to Executive would (i) constitute “parachute payments” within the meaning of section Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), or any comparable successor provisions ) and (ii) but for this Subsection (b) would be subject to the excise tax imposed by section Section 4999 of the Code or any comparable successor provisions (the “Excise Tax”), then such amounts payable to Executive hereunder Executive’s benefits under this Agreement shall be either:

Appears in 2 contracts

Samples: Headwaters Incorporated (Headwaters Inc), Executive Change in Control Agreement (Headwaters Inc)

Parachute Excise Tax. In the event that any amounts payable under this Agreement or otherwise to Executive would would: (i) constitute "parachute payments" within the meaning of section 280G 2800 of the Internal Revenue Code of 1986, as amended (the "Code"), or any comparable successor provisions provisions, and (ii) but for this Subsection (b) would be subject to the excise tax imposed by section 4999 of the Code or any comparable successor provisions (the "Excise Tax"), then such amounts payable to Executive hereunder shall be either:

Appears in 2 contracts

Samples: Executive Employment Agreement (KonaRed Corp), Executive Employment Agreement (KonaRed Corp)

Parachute Excise Tax. In the event that any amounts payable under this Agreement or otherwise to Executive would (i) constitute "parachute payments" within the meaning of section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), or any comparable successor provisions and (ii) but for this Subsection (b) would be subject to the excise tax imposed by section 4999 of the Code or any comparable successor provisions (the “Excise Tax”), then such amounts payable to Executive hereunder shall be either:Subsection

Appears in 1 contract

Samples: Executive Employment Agreement (Gold Lakes Corp.)

Parachute Excise Tax. In the event that any amounts payable under this Agreement or otherwise to Executive would (i) constitute "parachute payments" within the meaning of section Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), or any comparable successor provisions and (ii) but for this Subsection (b) would be subject to the excise tax imposed by section Section 4999 of the Code or any comparable successor provisions (the "Excise Tax"), then such amounts payable to Executive hereunder shall be either:

Appears in 1 contract

Samples: Employment Agreement (BOSTON OMAHA Corp)

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Parachute Excise Tax. In the event that any amounts payable under this Agreement or otherwise to the Executive would (i) constitute “parachute payments” within the meaning of section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), or any comparable successor provisions and (ii) but for this Subsection (b) would be subject to the excise tax imposed by section 4999 of the Code or any comparable successor provisions (the “Excise Tax”), then such amounts payable to the Executive hereunder shall be either:

Appears in 1 contract

Samples: General Release and Agreement (Webstar Technology Group Inc.)

Parachute Excise Tax. In the event that any amounts payable under this Agreement or otherwise to Executive would (i) constitute “parachute payments” within the meaning of section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), or any comparable successor provisions and (ii) but for this Subsection (b) would be subject to the excise tax imposed by section 4999 of the Code or any comparable successor provisions (the “Excise Tax”), then such amounts payable to Executive hereunder shall be either:

Appears in 1 contract

Samples: Executive Employment Agreement (Solei Systems, Inc.)

Parachute Excise Tax. In the Inthe event that any amounts payable under this Agreement or otherwise to Executive would (i) constitute "parachute payments” within payments"within the meaning of section 280G 2800 of the Internal Revenue Code of 1986, as amended (the "Code"), or any comparable successor provisions and (ii) but for this Subsection (b) would be subject to the excise tax imposed by section 4999 of the Code or any comparable successor provisions (the "Excise Tax"), then such amounts payable to Executive hereunder shall be either:

Appears in 1 contract

Samples: Executive Employment Agreement (Teamupsport Inc.)

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