Common use of Compensation Adjustment Clause in Contracts

Compensation Adjustment. Employer agrees that all options granted to Employee shall contain a provision to reimburse Employee, and Employer hereby agrees to reimburse Employee, against the effect of "golden parachute taxes" as follows:

Appears in 3 contracts

Sources: Employment Agreement (Klever Marketing Inc), Employment Agreement (Klever Marketing Inc), Employment Agreement (Klever Marketing Inc)