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 Company and its Affiliates shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or any of its Affiliates or Executive’s ownership interest in the Company (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). In the event the Company or any of its Affiliates does not make such deductions or withholdings, Executive shall indemnify the Company and its Affiliates for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 14 contracts

Samples: Employment Agreement (Syniverse Holdings Inc), Employment Agreement (Syniverse Holdings Inc), Employment Agreement (Syniverse Holdings Inc)

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Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates affiliates shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates affiliates to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or any of its Affiliates affiliates or Executive’s ownership interest in the Company (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). In the event the Company or any of its Affiliates affiliates does not make such deductions or withholdingswithholdings at the written request of the Executive, Executive shall indemnify the Company and its Affiliates affiliates for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 4 contracts

Samples: Employment Agreement (NRG Yield, Inc.), Employment Agreement (NRG Energy, Inc.), Employment Agreement (NRG Energy, Inc.)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates affiliates shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates affiliates to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or any of its Affiliates affiliates or Executive’s ownership interest in the Company (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). In the event the Company or any of its Affiliates affiliates does not make such deductions or withholdingswithholdings at the written request of Executive, Executive shall indemnify the Company and its Affiliates affiliates for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 2 contracts

Samples: Employment Agreement (Clearway Energy, Inc.), Employment Agreement (Clearway Energy LLC)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“ Taxes Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or any of its Affiliates or Executive’s ownership interest in the Company (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). In the event the Company or any of its Affiliates does not make such deductions or withholdings, at the direction of the Executive, Executive shall indemnify the Company and its Affiliates for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 1 contract

Samples: Employment Agreement (Syniverse Technologies Inc)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (''Taxes") imposed with respect to Executive’s 's compensation or other payments from the Company or any of its ofits Affiliates or Executive’s 's ownership interest in the Company (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). In the event the Company or any of its Affiliates does not make such deductions or withholdings, Executive shall indemnify the Company and its Affiliates for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 1 contract

Samples: Employment Agreement (Syniverse Holdings Inc)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates affiliates shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates affiliates to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes ("Taxes") imposed with respect to Executive’s 's compensation or other payments from the Company or any of its Affiliates affiliates or Executive’s 's ownership interest in the Company (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). In the event the Company or any of its Affiliates affiliates does not make such deductions or withholdingswithholdings at the written request of the Executive, Executive shall indemnify the Company and its Affiliates affiliates for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 1 contract

Samples: Employment Agreement (NRG Energy Inc)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates affiliates shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates affiliates to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or any of its Affiliates affiliates or Executive’s ownership interest in the Company (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). In the event the Company or any of its Affiliates affiliates does not make such deductions or withholdings, . Executive shall indemnify the Company and its Affiliates affiliates for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 1 contract

Samples: Employment Agreement (Hillman Companies Inc)

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Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or compensation, other payments or provisions of benefits from the Company or any of its Affiliates or Executive’s ownership interest in the Company (including, without limitation, including wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). In the event the Company or any of its Affiliates does not make any such deductions or withholdings, Executive shall indemnify the Company and its Affiliates for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 1 contract

Samples: Employment Agreement (Boise Cascade Holdings, L.L.C.)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“ Taxes Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or any of its Affiliates or Executive’s ownership interest in the Company (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). In the event the Company or any of its Affiliates does not make such deductions or withholdings, Executive shall indemnify the Company and its Affiliates for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 1 contract

Samples: Employment Agreement (Syniverse Technologies Inc)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its respective Affiliates shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or any of its Affiliates or Executive’s ownership interest in the Company (including, without limitation, wages, bonuses, dividends, the receipt receipt, vesting or exercise of any equity options and/or interests in the receipt Company or vesting any of restricted equityits Affiliate). In the event the Company or any of its Affiliates does not make such deductions or withholdings, Executive shall indemnify the Company and its Affiliates for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 1 contract

Samples: Employment Agreement (Us LBM Holdings, Inc.)

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