Common use of Calculation and Payment of Liquidated Damages Clause in Contracts

Calculation and Payment of Liquidated Damages. The liquidated damages --------------------------------------------- described in the first sentence of the previous paragraph shall consist of all five of the following items, but only the following items. All of the following items of liquidated damages shall be subject to applicable withholding taxes. Each payment contemplated by this subsection (b) shall be contingent upon the absence, as of the time of such payment, of any knowing and material violation by the Executive of any of the covenants contained in Sections 10 and 11.

Calculation and Payment of Liquidated Damages. The liquidated --------------------------------------------- damages --------------------------------------------- described in the first sentence of the previous paragraph shall consist of all five of the following items, but only the following items. All of the following items of liquidated damages shall be subject to applicable withholding taxes. Each payment contemplated by this subsection (bd) shall be contingent upon the absence, as of the time of such payment, of any knowing and material violation by the Executive Key Employee of any of the covenants contained in Sections 10 and 11.

Calculation and Payment of Liquidated Damages. The --------------------------------------------- liquidated damages --------------------------------------------- described in the first sentence of the previous paragraph shall consist of all -------------------------------------------------------------------------------- Employment Agreement Page 5 Xxxxxxxx X. Xxxxxx, Xx. five of the following items, but only the following items. All of the following items of liquidated damages shall be subject to applicable withholding taxes. Each payment contemplated by this subsection (bd) shall be contingent upon the absence, as of the time of such payment, of any knowing and material violation by the Executive Key Employee of any of the covenants contained in Sections 10 and 11.