Common use of Amendment to Section 6 of the Employment Agreement Clause in Contracts

Amendment to Section 6 of the Employment Agreement. Section 6 of the Employment Agreement is hereby amended by adding the following language at the end thereof to read as follows: “To the extent that any reimbursements pursuant to this Agreement are taxable to Executive, any such reimbursement payment due to Executive shall be paid to Executive as promptly as practicable, and in all events on or before the last day of Executive’s taxable year following the taxable year in which the related expense was incurred. Any such reimbursements are not subject to liquidation or exchange for another benefit and the amount of such benefits and reimbursements that Executive receives in one taxable year shall not affect the amount of such benefits or reimbursements that Executive receives in any other taxable year.”

Amendment to Section 6 of the Employment Agreement. Section 6 of the Employment Agreement is hereby amended by adding the following language at the end thereof to read as follows: “To the extent that any reimbursements pursuant to this Agreement are taxable to Executive, any such reimbursement payment due to Executive shall be paid to Executive as promptly as practicable, and in all events on or before the last day of Executive’s (taxable year following the taxable year in which the related expense was incurred. Any such reimbursements are not subject to liquidation or exchange for another benefit and the amount of such benefits and reimbursements that Executive receives in one taxable year shall not affect the amount of or such benefits or reimbursements that Executive receives in any other taxable year.”