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 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 or payable by the Company with respect to any such Taxes owed by Executive.

Appears in 5 contracts

Samples: Executive Employment Agreement (Epiq Systems Inc), Executive Employment Agreement (Epiq Systems Inc), Executive Employment Agreement (Epiq Systems Inc)

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Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates Subsidiaries shall be entitled to deduct or withhold from any amounts owing from Holdings, the Company or any of its Affiliates their Subsidiaries to Executive any Taxes 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 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 Subsidiaries does not make such deductions or withholdings, Executive shall indemnify the Company and its Affiliates Subsidiaries for any amounts paid or payable by the Company with respect to any such Taxes owed by ExecutiveTaxes.

Appears in 5 contracts

Samples: Employment Agreement (HealthSpring, Inc.), Employment Agreement (HealthSpring, Inc.), Employment Agreement (HealthSpring, Inc.)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates Subsidiaries to Executive any Taxes 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 Affiliates or Executive’s ownership interest in the Company (Subsidiaries, including, without limitation, wages, wages and 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 Subsidiaries does not make such deductions or withholdingswithholdings on Executive’s behalf, Executive shall indemnify the Company and its Affiliates Subsidiaries for any amounts paid or payable by the Company with respect to any such Taxes owed by ExecutiveTaxes, together with any interest, penalties and related expenses thereto.

Appears in 5 contracts

Samples: Senior Management Agreement (Pathology Solutions, LLC), Senior Management Agreement (Pathology Solutions, LLC), Senior Management Agreement (Pathology Solutions, LLC)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates Subsidiaries to Executive any Taxes 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 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 Subsidiaries does not make such deductions or withholdings, Executive shall indemnify the Company and its Affiliates Subsidiaries for any amounts paid or payable by the Company with respect to any such Taxes owed by ExecutiveTaxes.

Appears in 3 contracts

Samples: Employment Agreement (HealthSpring, Inc.), Employment Agreement (HealthSpring, Inc.), Employment Agreement (HealthSpring, Inc.)

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Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates Subsidiaries to Executive any Taxes 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 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 Subsidiaries does not make such deductions or withholdings, Executive shall indemnify the Company and its Affiliates Subsidiaries for any amounts paid or payable by the Company with respect to any such Taxes owed by ExecutiveTaxes.

Appears in 2 contracts

Samples: Employment Agreement (HealthSpring, Inc.), Employment Agreement (HealthSpring, Inc.)

Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its Affiliates Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Affiliates Subsidiaries to Executive any Taxes 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 Subsidiaries does not make such deductions or withholdings, Executive shall indemnify the Company and its Affiliates Subsidiaries for any amounts paid or payable by the Company with respect to any such Taxes owed by ExecutiveTaxes.

Appears in 2 contracts

Samples: Employment Agreement (HealthSpring, Inc.), Employment Agreement (HealthSpring, Inc.)

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