Parachute Payment Gross-Up. If any Payments (as hereinafter defined) to Employee are subject to the Excise Tax (as hereinafter defined), Teradyne shall pay to Employee a Gross-Up Payment (as hereinafter defined). The Gross-Up Payment with respect to any Payment shall be paid no later than 15 days prior to the date that the Excise Tax is due with respect to such Payment.
Appears in 14 contracts
Samples: Executive Officer Change in Control Agreement (Teradyne, Inc), Executive Officer Change in Control Agreement (Teradyne, Inc), Executive Officer Change in Control Agreement (Teradyne, Inc)
Parachute Payment Gross-Up. If any Payments (as -------------------------- hereinafter defined) to Employee are subject to the Excise Tax (as hereinafter defined), Teradyne shall pay to Employee a Gross-Up Payment (as hereinafter defined). The Gross-Up Payment with respect to any Payment shall be paid no later than 15 days prior to the date that the Excise Tax is due with respect to such Payment.
Appears in 9 contracts
Samples: Control Agreement (Teradyne Inc), Control Agreement (Teradyne Inc), Control Agreement (Teradyne Inc)
