Common use of Parachute Tax Gross Up Clause in Contracts

Parachute Tax Gross Up. (i) Subject to Section 9.6(e)(ii) below, if the Total Payments would result in the imposition of a Parachute Excise Tax on Employee, the Company will make an additional payment to Employee in an amount such that, after the payment of all federal and state income, employment and excise taxes on both the Total Payments and the additional payment made pursuant to this Section 9.6(e)(i), Employee will be in the same after-tax position as if no Parachute Excise Tax had been imposed.

Parachute Tax Gross Up. (i) Subject to Section 9.6(e)(ii9.6(d)(ii) below, if the Total Payments would result in the imposition of a Parachute Excise Tax on Employee, the Company will make an additional payment to Employee in an amount such that, after the payment of all federal and state income, employment and excise taxes on both the Total Payments and the additional payment made pursuant to this Section 9.6(e)(i9.6(d)(i), Employee will be in the same after-tax position as if no Parachute Excise Tax had been imposed.