Common use of Corrective Payments Clause in Contracts

Corrective Payments. It is possible that after the calculations, conclusion and selections made pursuant to this Section 8 the Executive will receive Covered Payments that are in the aggregate more than the amount provided under this Section 8 (“Overpayment”) or less than the amount provided under this Section 8 (“Underpayment”).

Appears in 6 contracts

Samples: Employment Agreement (Workhorse Group Inc.), Employment Agreement (Workhorse Group Inc.), Employment Agreement (Workhorse Group Inc.)

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Corrective Payments. It is possible that after the calculations, conclusion and selections made pursuant to this Section 8 7 the Executive will receive Covered Payments that are in the aggregate more than the amount provided under this Section 8 7 (“Overpayment”) or less than the amount provided under this Section 8 7 (“Underpayment”).

Appears in 5 contracts

Samples: Employment Agreement (Workhorse Group Inc.), Employment Agreement (Workhorse Group Inc.), Employment Agreement (Workhorse Group Inc.)

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Corrective Payments. It is possible that after the calculations, conclusion and selections made pursuant to this Section 8 7 the Executive will receive Covered Payments that are in the aggregate more than the amount provided under this Section 8 7 ("Overpayment") or less than the amount provided under this Section 8 7 ("Underpayment").

Appears in 1 contract

Samples: Employment Agreement (Workhorse Group Inc.)

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