Common use of PAYMENT WAIVER Clause in Contracts

PAYMENT WAIVER. The Shareholder hereby waives any payments that are “contingent upon a change in control”, within the meaning of Section 280G of the Code, including enhanced severance or termination benefits, enhanced compensation, tax gross ups or other “change of control” or similar payments that would become payable to the Shareholder as a result of the consummation of the Merger under any employment agreement, plan or other arrangements.

Appears in 4 contracts

Samples: Support and Voting Agreement (Vestar Capital Partners v L P), Support and Voting Agreement (Vestar Capital Partners v L P), Support and Voting Agreement (Vestar Capital Partners v L P)

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