Payments Subject to Excise Tax. In the event that it shall be ------------------------------ determined, in the manner described in Exhibit B, that any payment or distribution by any Xxxx Atlantic Company to or for the benefit of the Key Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended, Xxxx Atlantic shall pay the Key Executive an additional amount, determined in accordance with and subject to the provisions of Exhibit B, to compensate the Key Executive for his excise tax cost.
Appears in 8 contracts
Samples: Employment Agreement (Bell Atlantic Corp), Employment Agreement (Bell Atlantic Corp), Employment Agreement (Bell Atlantic Corp)
