Reduced Amount. The greatest aggregate amount of Separation Payments which (a) is less than the sum of all Separation Payments and (b) results in aggregate Net After Tax Receipts which are equal to or greater than the Net After Tax Receipts which would result if the Executive were paid the sum of all Separation Payments.
Appears in 2 contracts
Sources: Executive Severance Agreement (Kimberly Clark Corp), Executive Severance Agreement (Kimberly Clark Corp)