Common use of Supplemental Payment Clause in Contracts

Supplemental Payment. If Executive incurs gross income inclusion, interest, or additional tax on Deferred Compensation payments pursuant to Code Section 409A, Xxxxxxx will make a supplemental payment to Executive in an amount sufficient to pay the income tax liability on the sum of those Deferred Compensation payments and the supplemental payment.

Supplemental Payment. If Executive incurs gross income inclusion, interest, special liability for interest or additional tax on Deferred Compensation payments pursuant to Code Section 409A409A(a)(1)(B) ("Special Tax Liability"), Xxxxxxx will make a supplemental payment to Executive in an amount sufficient equal to pay the Special Tax Liability plus all income tax liability on the sum of those Deferred Compensation payments and the supplemental payment.