Common use of Tax Provisions Clause in Contracts

Tax Provisions. In the event that all or any part of the benefits provided for in the Agreement, when aggregated with any other payments or benefits received by the Executive, would (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the amount of the Executive's benefits to be paid or delivered hereunder shall be either

Appears in 5 contracts

Samples: Employment Agreement (Skillsoft Public Limited Co), Employment Agreement (Skillsoft Public Limited Co), Employment Agreement (Smartforce Public LTD Co)

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Tax Provisions. In the event that all or any part of the benefits provided for in the Agreement, when aggregated with any other payments or benefits received by the Executive, would (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the amount of the Executive's ’s benefits to be paid or delivered hereunder shall be either

Appears in 5 contracts

Samples: Employment Agreement (Monolithic Power Systems Inc), Employment Agreement (Monolithic Power Systems Inc), Employment Agreement (Monolithic Power Systems Inc)

Tax Provisions. In the event that all or any part of the benefits provided for in the --------------- Agreement, when aggregated with any other payments or benefits received by the Executive, would (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the amount of the Executive's benefits to be paid or delivered hereunder shall be either

Appears in 4 contracts

Samples: Employment Agreement (CBT Group PLC), Employment Agreement (CBT Group PLC), Employment Agreement (CBT Group PLC)

Tax Provisions. In the event that all or any part of the benefits provided for in the Agreement, when aggregated with any other payments or benefits received by the Executive, would (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the amount of the Executive's ’s benefits to be paid or delivered hereunder shall will be either

Appears in 2 contracts

Samples: Employment Agreement (Monolithic Power Systems Inc), Employment Agreement (Monolithic Power Systems Inc)

Tax Provisions. In the event that all or any part of the benefits provided for in the Agreement, when aggregated with any other payments or benefits received by the Executive, would (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "CodeCODE"), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the "Excise TaxEXCISE TAX"), then the amount of the Executive's benefits to be paid or delivered hereunder shall be either

Appears in 2 contracts

Samples: Employment Agreement (Skillsoft Public Limited Co), Employment Agreement (Skillsoft Public Limited Co)

Tax Provisions. In the event that all or any part of the benefits provided for in the Agreement, when aggregated with any other payments or benefits received by the Executive, would (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the amount of the Executive's ’s benefits to be paid or delivered hereunder shall be either

Appears in 1 contract

Samples: Employment Agreement (Monolithic Power Systems Inc)

Tax Provisions. In the event that all or any part of the benefits provided for in the Agreement, when aggregated with any other payments or benefits received by the ExecutiveEmployee, would (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the amount of the Executive's Employee’s benefits to be paid or delivered hereunder shall be either

Appears in 1 contract

Samples: Employment Agreement (Monolithic Power Systems Inc)

Tax Provisions. In the event that all or any part of the benefits provided for in the Agreement, when aggregated with any other payments or benefits received by the ExecutiveCEO, would (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the amount of the Executive's CEO’s benefits to be paid or delivered hereunder shall be either

Appears in 1 contract

Samples: Employment Agreement (Monolithic Power Systems Inc)

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Tax Provisions. In the event that all or any part of the benefits provided for in the -------------- Agreement, when aggregated with any other payments or benefits received by the Executive, would (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code ("the "Excise Tax"), then the amount of the Executive's benefits to be paid or delivered hereunder shall be either:

Appears in 1 contract

Samples: Employment Agreement (Trintech Group PLC)

Tax Provisions. In the event that all or any part of the benefits provided for in the Agreement, when aggregated with any other payments or benefits received by the Executive, would (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the amount of the Executive's benefits to be paid or delivered hereunder shall be eitherby

Appears in 1 contract

Samples: Employment Agreement (Smartforce Public LTD Co)

Tax Provisions. In the event that all or any part of the benefits provided for in the Agreement, when aggregated with any other payments or benefits received by the ExecutiveEmployee, would (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the amount of the Executive's Employee’s payments and benefits to be paid or delivered hereunder shall be either:

Appears in 1 contract

Samples: Change of Control Agreement (Monolithic Power Systems Inc)

Tax Provisions. In the event that all or any part of the benefits provided for in the Agreement, when aggregated with any other payments or benefits received by the ExecutiveCEO, would (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the amount of the Executive's CEO’s benefits to be paid or delivered hereunder shall be either

Appears in 1 contract

Samples: Employment Agreement (Monolithic Power Systems Inc)

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