Common use of Additional Amount Clause in Contracts

Additional Amount. The final clause in Section 4 of the Agreement is hereby deleted in its entirety and replaced with the following; “or with respect to any excess parachute payment that is paid following the Effective Time, as soon as reasonably practicable after the date of such payment provided that such date will be no later than December 31st of the year after the year in which the Executive remits such taxes in respect of such payment.”