Excise Tax and Gross-Up Payment. (A) If any portion of such compensation constitutes a parachute payment (a "Payment") and is subject to the Excise Tax (hereinafter defined), then Company shall, in addition to providing such compensation, pay the Gross-Up Payment (hereinafter defined) to Officer in the manner described below. For purposes of this Agreement, (i) "
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Samples: Resources Company Severance Agreement (Pioneer Natural Resources Co), Resources Company Severance Agreement (Pioneer Natural Resources Co), Resources Company Severance Agreement (Pioneer Natural Resources Co)
Excise Tax and Gross-Up Payment. (A) If any portion of such compensation constitutes a parachute payment (a "Payment") " and is subject to the Excise Tax (hereinafter defined), then Company shall, in addition to providing such compensation, pay the Gross-Up Payment (hereinafter defined) to Officer in the manner described below. For purposes of this Agreement, (i) "
Appears in 1 contract
Samples: Resources Company Severance Agreement (Pioneer Natural Resources Co)
Excise Tax and Gross-Up Payment. (A) If any portion of such compensation constitutes a parachute payment (a "Payment") " and is subject to the Excise Tax (hereinafter defined), then Company shallCompany, in addition to providing such compensation, shall pay the Gross-Up Payment (hereinafter defined) to Officer in the manner described below. For purposes of this Agreement, (i) "
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