Company Withholding. Notwithstanding anything contained in this Agreement to the contrary, in the event that, according to the determination of the Executive or his advisor pursuant to Paragraph 3.7 hereof, a Golden Parachute Excise Tax will be imposed on any Termination Payment or Payments, the Company shall pay to the applicable government taxing authorities as Golden Parachute Excise Tax withholding, the amount of the Golden Parachute Excise Tax that the Company has actually withheld from the Termination Payment or Payments.
Appears in 8 contracts
Samples: Employment Agreement (Sanderson Farms Inc), Employment Agreement (Sanderson Farms Inc), Employment Agreement (Sanderson Farms Inc)
Company Withholding. Notwithstanding anything contained in this Agreement to the contrary, in the event that, according to the determination of the Executive or his advisor pursuant to Paragraph 3.7 hereofSection 3.7, a Golden Parachute Excise Tax will be imposed on any Termination Payment or Payments, the Company shall pay to the applicable government taxing authorities as Golden Parachute Excise Tax withholding, the amount of the Golden Parachute Excise Tax that the Company has actually withheld from the Termination Payment or Payments.
Appears in 2 contracts
Samples: Employment Agreement (Planet Beach Franchising Corp), Employment Agreement (Planet Beach Franchising Corp)
