Common use of Indemnification and Reimbursement of Payments on Behalf of Executive Clause in Contracts

Indemnification and Reimbursement of Payments on Behalf of Executive. The Executive shall be solely responsible for all applicable taxes imposed upon him as a result of any payment made to him by the Company, Parent or Holdings, including any such payments that are subject to withholding taxes. In the event the Company, Parent or Holdings is required to make any payment of such taxes, Executive shall indemnify the Company, Parent and Holdings for any amounts so paid (excluding any interest and penalties related thereto).

Indemnification and Reimbursement of Payments on Behalf of Executive. The All payments to Executive under this Agreement shall be subject to all applicable federal and state withholding, payroll and other taxes. Executive shall be solely responsible for all applicable taxes imposed upon him as a result of any payment made to him by the Company, Parent Company or Holdings, including any such payments that are subject to withholding taxes. In If the event the Company, Parent Company or Holdings is required to make any payment of such taxes, Executive shall indemnify the Company, Parent Company and Holdings for any amounts so paid (excluding any interest and penalties related thereto)paid.

Indemnification and Reimbursement of Payments on Behalf of Executive. The Executive shall be solely responsible for all applicable taxes imposed upon him as a result of any payment made to him by the Company, VSI, Parent or Holdings, including any such payments that are subject to withholding taxes. In the event the Company, VSI, Parent or Holdings is required to make any payment of such taxes, Executive shall indemnify the Company, VSI, Parent and Holdings for any amounts so paid (excluding any interest and penalties related thereto).