Common use of Determination of Payment Cap or Tax Adjustment Clause in Contracts

Determination of Payment Cap or Tax Adjustment. On or before the Payment Date, the Company shall notify Executive of the aggregate present value of all termination benefits to which he would be entitled under this Agreement and any other plan, program or arrangement as of the Payment Date, together with the projected maximum payments, determined as of the Payment Date that could be paid without Executive being subject to the Excise Tax.

Appears in 6 contracts

Samples: Change in Control Agreement (Edo Corp), Change in Control Agreement (Edo Corp), Change in Control Agreement (Edo Corp)

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