Common use of Certain Further Payments by the Company Clause in Contracts

Certain Further Payments by the Company. (i) In the event that any amount or benefit paid or distributed to the Executive pursuant to this Agreement, taken together with any amounts or benefits otherwise paid or distributed to the Executive by the Company or any affiliated company including, without limitation, any distribution or payment made pursuant to the terms of the Company's compensation plans or arrangements (collectively, the "Covered Payments"), are or become subject to the tax (the "Excise Tax") imposed under Section 4999 of the Internal Revenue Code of 1986, as amended (the "Code"), or any similar tax that may hereafter be imposed, the Company shall pay to the Executive at the time specified in Section 7(e)(v) below an additional amount (the "Tax Reimbursement Payment") such that the net amount retained by the Executive with respect to such Covered Payments, after deduction of any Excise Tax on the Covered Payments and any Federal, state and local income or employment tax and Excise Tax on the Tax Reimbursement Payment provided for by this Section 7(e), but before deduction for any Federal, state or local income or employment tax withholding on such Covered Payments, shall be equal to the amount of the Covered Payments.

Certain Further Payments by the Company. (i) In the event that If any amount or benefit paid or distributed to the Executive pursuant to this Agreement, taken together with any amounts or benefits otherwise paid or distributed to the Executive by the Company or any affiliated company including, without limitation, (including any distribution or payment made pursuant to the terms of the Company's ’s compensation plans or arrangements arrangements) (collectively, the "“Covered Payments"), ”) are or become subject to the tax (the "“Excise Tax"”) imposed under Section 4999 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or any similar tax that may hereafter be imposed, the Company shall pay to the Executive at the time specified in Section 7(e)(v) below an additional amount (the "“Tax Reimbursement Payment"”) such that the net amount retained by the Executive with respect to such Covered Payments, after deduction of any Excise Tax on the Covered Payments and any Federal, state and local income or employment tax and Excise Tax on the Tax Reimbursement Payment provided for by this Section 7(e), but before deduction for any Federal, state or local income or employment tax withholding on such Covered Payments, shall be equal to the amount of the Covered Payments.

Certain Further Payments by the Company. (ia) In the event that any amount or benefit paid or distributed to the Executive pursuant to any provision of this Agreement, taken together with and/or any amounts or benefits otherwise paid or distributed to the Executive by the Company Employer or any affiliated company including, without limitation, any distribution or payment made pursuant to the terms of the CompanyEmployer's compensation plans or arrangements (collectively, the "Covered Payments"), are or become subject to the tax (the "Excise Tax") imposed under Section 4999 of the Internal Revenue Code of 1986, as amended (the "Code"), or any similar tax that may hereafter be imposed, the Company Energen shall pay to the Executive at the time specified in Section 7(e)(v5(d) below an additional amount (the "Tax Reimbursement Payment") such that the net amount retained by the Executive with respect to such Covered Payments, after deduction of any Excise Tax on the Covered Payments and any Federal, state and local income or employment tax and Excise Tax on the Tax Reimbursement Payment provided for by this Section 7(e5(a), but before deduction for any Federal, state or local income or employment tax withholding on such Covered Payments, shall be equal to the amount of the Covered Payments.

Certain Further Payments by the Company. (i) In the event that any amount or benefit paid or distributed to the Executive pursuant to this Agreement, taken together with any amounts or benefits otherwise paid or distributed to the Executive by the Company or any affiliated company including, without limitation, any distribution or payment made pursuant to the terms of the Company's ’s compensation plans or arrangements (collectively, the "“Covered Payments"”), are or become subject to the tax (the "“Excise Tax"”) imposed under Section 4999 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or any similar tax that may hereafter be imposed, the Company shall pay to the Executive at the time specified in Section 7(e)(v) below an additional amount (the "“Tax Reimbursement Payment"”) such that the net amount retained by the Executive with respect to such Covered Payments, after deduction of any Excise Tax on the Covered Payments and any Federal, state and local income or employment tax and Excise Tax on the Tax Reimbursement Payment provided for by this Section 7(e), but before deduction for any Federal, state or local income or employment tax withholding on such Covered Payments, shall be equal to the amount of the Covered Payments.

Certain Further Payments by the Company. (i) In the event that If any amount or benefit paid or distributed to the Executive Senior Officer pursuant to this Agreement, taken together with any amounts or benefits otherwise paid or distributed to the Executive Senior Officer by the Company or any affiliated company including, without limitation, (including any distribution or payment made pursuant to the terms of the Company's ’s compensation plans or arrangements arrangements) (collectively, the "“Covered Payments"), ”) are or become subject to the tax (the "“Excise Tax"”) imposed under Section 4999 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or any similar tax that may hereafter be imposed, the Company shall pay to the Executive Senior Officer at the time specified in Section 7(e)(v) below an additional amount (the "“Tax Reimbursement Payment"”) such that the net amount retained by the Executive Senior Officer with respect to such Covered Payments, after deduction of any Excise Tax on the Covered Payments and any Federal, state and local income or employment tax and Excise Tax on the Tax Reimbursement Payment provided for by this Section 7(e), but before deduction for any Federal, state or local income or employment tax withholding on such Covered Payments, shall be equal to the amount of the Covered Payments.