Limitation of Payment. Notwithstanding anything in this Agreement to the contrary, if receipt of the Termination Payments would subject Employee to tax under Section 4999 of the Internal Revenue Code of 1986, as amended, the Termination Payments shall be "grossed up" to an amount that would allow the Employee to receive the net after-tax amount he would have received but for the application of said Section 4999.
Appears in 4 contracts
Samples: Termination Benefits Agreement (Falcon Building Products Inc), Termination Benefits Agreement (Falcon Building Products Inc), Termination Benefits Agreement (Falcon Building Products Inc)
