Common use of Gross Up for Additional Tax Clause in Contracts

Gross Up for Additional Tax. In all events, and to the extent not otherwise reimbursed, Corporation hereby agrees that if any payment pursuant to this section 2(a) is deemed to be taxable income to a Shareholder, the amount of such payment to the Shareholder shall be increased by an amount necessary to equal the Shareholder's additional Tax Liability related to such amount (including, without limitation any taxes on such additional amounts) so that the net amount received and retained by a Shareholder after payment by the Shareholder of all taxes associated with the payment is equal to the payment otherwise required to be made.

Gross Up for Additional Tax. In all events, and to the extent not otherwise reimbursed, Corporation the Company hereby agrees that if any payment pursuant to this section 2(a) Section 2.1 is deemed to be taxable income to a Shareholderthe Stockholders, the amount of such payment to the Shareholder Stockholders shall be increased by an amount necessary to equal the Shareholder's Stockholders’ additional Tax Liability related to such amount (including, without limitation limitation, any taxes on such additional amounts) so that the net amount received and retained by a Shareholder the Stockholders after payment by the Shareholder Stockholders of all taxes associated with the payment is equal to the payment otherwise required to be made.