Common use of Additional Benefit Clause in Contracts

Additional Benefit. The Officer shall receive the benefit of any change made by the Company in the calculation or entitlement of severance compensation following a Change of Control for any other officer of the Company, such as an agreement by the Company to "gross up" the compensation paid to an officer by paying the excise tax imposed by Section 280G of the Internal Revenue Code .

Appears in 2 contracts

Samples: Change of Control Employment Agreement (Basin Exploration Inc), Employment Agreement (Basin Exploration Inc)

AutoNDA by SimpleDocs

Additional Benefit. The Officer shall receive the benefit of any change made by the Company in the calculation or entitlement of severance compensation following a Change of Control for any other officer of the Company, such as an agreement by the Company to "gross up" the compensation paid to an officer by paying the excise tax imposed by Section 280G of the Internal Revenue Code Code.

Appears in 1 contract

Samples: Change of Control Employment Agreement (Basin Exploration Inc)

Additional Benefit. The Officer shall receive the benefit ------------------ of any change made by the Company in the calculation or entitlement of severance compensation following a Change of Control for any other officer of the Company, such as an agreement by the Company to "gross up" the compensation paid to an officer by paying the excise tax imposed by Section 280G of the Internal Revenue Code .

Appears in 1 contract

Samples: Change of Control Employment Agreement (Basin Exploration Inc)

Additional Benefit. The Officer shall receive the benefit of any ------------------ change made by the Company in the calculation or entitlement of severance compensation following a Change of Control for any other officer of the Company, such as an agreement by the Company to "gross up" the compensation paid to an officer by paying the excise tax imposed by Section 280G of the Internal Revenue Code Code.

Appears in 1 contract

Samples: Change of Control Employment Agreement (Basin Exploration Inc)

AutoNDA by SimpleDocs

Additional Benefit. The Officer shall receive the benefit of any change made by the Company Corporation in the calculation or entitlement of severance compensation following a Change of Control for any other officer of the CompanyCorporation, such as an agreement by the Company Corporation to "gross up" the compensation paid to an officer by paying the excise tax imposed by Section 280G of the Internal Revenue Code .

Appears in 1 contract

Samples: Employment Agreement (Basin Exploration Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!