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, Employer and their respective Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise taxes, or employment taxes ("TAXES") imposed with respect to Executive's compensation or other payments from the Company or any of its Subsidiaries 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 its Subsidiaries does not make such deductions or withholdings, Executive shall indemnify the Company and its Subsidiaries for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 10 contracts

Samples: Senior Management Agreement (Tsi Finance Inc), Senior Management Agreement (Tsi Finance Inc), Senior Management Agreement (Tsi Finance Inc)

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

Appears in 4 contracts

Samples: Senior Management Agreement (Digitalnet Holdings Inc), Senior Management Agreement (Digitalnet Holdings Inc), Senior Management Agreement (Digitalnet Holdings Inc)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company, Employer Company and their respective its Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise taxes, or employment taxes ("TAXES"“Taxes”) imposed with respect to Executive's ’s compensation or other payments from the Company or any of its Subsidiaries 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 its Subsidiaries does not make such deductions or withholdings, Executive shall indemnify the Company and its Subsidiaries for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 3 contracts

Samples: Senior Management Agreement (Solera Holdings LLC), Senior Management Agreement (Solera Holdings LLC), Senior Management Agreement (Solera Holdings LLC)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company, Employer Company and their respective its Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Subsidiaries or Affiliates to Executive any federal, state, local or foreign withholding taxes, excise taxestax, or employment taxes ("TAXES"“Taxes”) imposed with respect to Executive's ’s compensation or other payments from the Company or any of its Subsidiaries or Affiliates or Executive's ’s ownership interest in the Company, Company or its Affiliates (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 Subsidiaries or Affiliates does not make such deductions or withholdings, Executive shall indemnify the Company and its Subsidiaries and Affiliates for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 3 contracts

Samples: Employment Agreement (U.S. Silica Holdings, Inc.), Employment Agreement (U.S. Silica Holdings, Inc.), Employment Agreement (U.S. Silica Holdings, Inc.)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company, Employer Company and their respective its Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise taxes, or employment taxes ("TAXES") imposed with respect to Executive's compensation or other payments from the Company or any of its Subsidiaries 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 Subsidiaries does not make such deductions or withholdings, Executive shall indemnify the Company and its Subsidiaries for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.. 31

Appears in 2 contracts

Samples: Senior Management Agreement (Prestige Brands Holdings, Inc.), Senior Management Agreement (Prestige Brands International, Inc.)

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Indemnification and Reimbursement of Payments on Behalf of Executive. The Company, Employer Company and their respective its Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise taxes, or employment taxes ("TAXES"“Taxes”) imposed with respect to Executive's ’s compensation or other payments from the Company or any of its Subsidiaries 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 its Subsidiaries does do not make such deductions or withholdings, Executive shall indemnify the Company and its Subsidiaries for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

Appears in 1 contract

Samples: Senior Management Agreement (Solera Holdings, Inc)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company, Employer Company and their respective the Subsidiaries shall be entitled to deduct or withhold withhold, from any amounts owing from by the Company or any of its the Subsidiaries to Executive Executive, any federal, state, local or foreign withholding taxes, excise taxestax, or employment taxes ("TAXES"“Taxes”) imposed with respect to Executive's ’s compensation or other payments from the Company or any of its the Subsidiaries or Executive's ’s ownership interest in the Company, including, without limitation, Company (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 its any of the Subsidiaries does not make such deductions or withholdings, Executive shall indemnify the Company and its the Subsidiaries 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 and Separation Agreement (Collins & Aikman Floor Coverings Inc)

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