Common use of Deferred Gross-Up Payment Clause in Contracts

Deferred Gross-Up Payment. Notwithstanding the provisions of ------------------------- paragraph 7.2, if any Payment to which an Excise Tax relates shall not be payable or distributable before the date the initial Gross-Up Payment is due pursuant to paragraph 7.2, then the Gross-Up Payment attributable to such Payment shall be paid to Executive within five business days of the date of such Payment.

Appears in 2 contracts

Samples: Severance Agreement (Sizeler Property Investors Inc), Severance Agreement (Sizeler Property Investors Inc)

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Deferred Gross-Up Payment. Notwithstanding the provisions of ------------------------- paragraph 7.2, if any Payment to which an Excise Tax relates shall not be payable or distributable before the date the initial Gross-Up Payment is due pursuant to paragraph 7.2, then the Gross-Up Payment attributable to such Payment shall be paid to Executive within five business days of the date of such Payment.

Appears in 2 contracts

Samples: Severance Agreement (Sizeler Property Investors Inc), Severance Agreement (Sizeler Property Investors Inc)

Deferred Gross-Up Payment. Notwithstanding the provisions ------------------------- of ------------------------- paragraph 7.2, if any Payment to which an Excise Tax relates shall not be payable or distributable before the date the initial Gross-Up Payment is due pursuant to paragraph 7.2, then the Gross-Up Payment attributable to such Payment shall be paid to Executive within five business days of the date of such Payment.

Appears in 1 contract

Samples: Severance Agreement (Sizeler Property Investors Inc)

Deferred Gross-Up Payment. Notwithstanding the ------------------------- provisions of ------------------------- paragraph 7.2, if any Payment to which an Excise Tax relates shall not be payable or distributable before the date the initial Gross-Up Payment is due pursuant to paragraph 7.2, then the Gross-Up Payment attributable to such Payment shall be paid to Executive within five business days of the date of such Payment.

Appears in 1 contract

Samples: Severance Agreement (Sizeler Property Investors Inc)

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Deferred Gross-Up Payment. Notwithstanding the provisions of ------------------------- paragraph Section 7.2, if any Payment to which an Excise Tax relates shall not be payable or distributable before the date the initial Gross-Up Payment is due pursuant to paragraph Section 7.2, then the Gross-Up Payment attributable to such Payment shall be paid to Executive within five business days of the date of such Payment.

Appears in 1 contract

Samples: Nonelective Deferred Compensation Agreement (Sizeler Property Investors Inc)

Deferred Gross-Up Payment. Notwithstanding the provisions of ------------------------- paragraph 7.26.2, if any Payment to which an Excise Tax relates shall not be payable or distributable before the date the initial Gross-Gross Up Payment is due pursuant to paragraph 7.26.2, then the Gross-Gross Up Payment attributable to such Payment shall be paid to Executive within five business days of the date of such Payment.

Appears in 1 contract

Samples: Change in Control Agreement (Sizeler Property Investors Inc)

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