Common use of Mandatory Reduction of Payments in Certain Events Clause in Contracts

Mandatory Reduction of Payments in Certain Events. Any payments made to Executive under this Agreement will be made with the Executive’s best interests in mind related to the excise (the “Excise Tax”) imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 7 contracts

Samples: Employment Agreement (Scansource Inc), Employment Agreement (Scansource Inc), Employment Agreement (Scansource Inc)

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Mandatory Reduction of Payments in Certain Events. Any payments made to Executive under this Agreement will be made with the Executive’s best interests in mind related to the excise tax (the “Excise Tax”) imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 4 contracts

Samples: Employment Agreement (Scansource Inc), Employment Agreement (Scansource Inc), Employment Agreement (Scansource Inc)

Mandatory Reduction of Payments in Certain Events. Any payments made to Executive under this Agreement will be made with the Executive’s best interests in mind related to the excise tax imposed by Code Section 4999 (the “Excise Tax”) imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 4 contracts

Samples: Employment Agreement (Scansource Inc), Employment Agreement (Scansource Inc), Employment Agreement (Scansource Inc)

Mandatory Reduction of Payments in Certain Events. Any payments made to Executive under this Agreement will be made with the Executive’s 's best interests in mind related to the excise tax (the “Excise Tax”) imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 1 contract

Samples: Employment Agreement (Scansource Inc)

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Mandatory Reduction of Payments in Certain Events. Any payments made to Executive under this Agreement will be made with the Executive’s best interests in mind related to the excise (the “Excise Tax”) imposed by Code Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”)4999.

Appears in 1 contract

Samples: Employment Agreement (Scansource Inc)

Mandatory Reduction of Payments in Certain Events. Any payments made to the Executive under this Agreement will be made with the Executive’s best interests in mind related to the excise (the “Excise Tax”) imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 1 contract

Samples: Employment Agreement (Scansource, Inc.)

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