Common use of Gross-Up Payment Amount Clause in Contracts

Gross-Up Payment Amount. The Gross-Up Payment Amount provision set forth in Section 11 of the Agreement, which entitles the Executive to an additional payment from the Company if any payment(s) under the Agreement are subject to the excise tax imposed by Section 4999 of the Code, is hereby amended to add the following new section 11(e) to the end thereof:

Appears in 4 contracts

Samples: Change in Control Agreement (Life Technologies Corp), Change in Control Agreement (Life Technologies Corp), Change in Control Agreement (Life Technologies Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!