Common use of Resolution Procedures Clause in Contracts

Resolution Procedures. In the event there is any disagreement between the Executive and the Company as to whether one or more payments or benefits to which the Executive becomes entitled constitute a parachute payment under Code Section 280G or as to the determination of the present value thereof, such dispute will be resolved as follows:

Appears in 11 contracts

Samples: Employment Agreement (PharmaNet Development Group Inc), Control Severance Agreement (Edwards Lifesciences Corp), Employment Agreement (PharmaNet Development Group Inc)

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Resolution Procedures. In the event there is any disagreement between the Executive and the Company as to whether one or more payments or benefits to which the Executive becomes entitled in connection with the Change in Control or his subsequent termination of employment constitute a parachute payment under Code Section 280G or as to the determination of the present value thereof, such dispute will be resolved as follows:

Appears in 4 contracts

Samples: Employment Agreement (PharmaNet Development Group Inc), Employment Agreement (PharmaNet Development Group Inc), Employment Agreement (PharmaNet Development Group Inc)

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Resolution Procedures. In the event there is any disagreement between the Executive and the Company Corporation as to whether one or more payments or benefits to which the Executive becomes entitled in connection with the Change in Control or his subsequent Involuntary Termination constitute a parachute payment under Code Section 280G Parachute Payments, Option Parachute Payments or Other Parachute Payments or as to the determination of the present value Present Value thereof, such dispute will be resolved as follows:

Appears in 1 contract

Samples: Employment Agreement (Mercury Interactive Corp)

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