Common use of Net After-Tax Benefit Clause in Contracts

Net After-Tax Benefit. “Net After-Tax Benefit” means (i) the Total Payments that the Employee becomes entitled to receive from Live Nation which would constitute “parachute payments” within the meaning of Code Section 280G, less (ii) the amount of all federal, state and local income and employment taxes payable with respect to the Total Payments, calculated at the maximum applicable marginal income tax rate, less (iii) the amount of excise taxes imposed with respect to the Total Payments under Code Section 4999.

Net After-Tax Benefit. “Net After-Tax Benefit” means (i) the Total Payments that the Employee Executive becomes entitled to receive from Live Nation the Company which would constitute “parachute payments” within the meaning of Code Section 280G, less (ii) the amount of all federal, state and local income and employment taxes payable with respect to the Total Payments, calculated at the maximum applicable marginal income tax rate, less (iii) the amount of excise taxes imposed with respect to the Total Payments under Code Section 4999.

Net After-Tax Benefit. “Net After-Tax Benefit” " means (i) the Total Payments that the Employee becomes entitled to receive from Live Nation which would constitute “"parachute payments” " within the meaning of Code Section 280G2800, less (ii) the amount of all federal, state and local income and employment taxes payable with respect to the Total Payments, calculated at the maximum applicable marginal income tax rate, less (iii) the amount of excise taxes imposed with respect to the Total Payments under Code Section 4999.

Net After-Tax Benefit. “Net After-Tax Benefit” means (i) the Total Payments that the Employee Executive becomes entitled to receive from Live Nation the Company or its affiliates which would constitute “parachute payments” within the meaning of Code Section 280G, less (ii) the amount of all federal, state and local income and employment taxes payable with respect to the Total Payments, calculated at the maximum applicable marginal income tax rate, less (iii) the amount of excise taxes imposed with respect to the Total Payments under Code Section 49994999 of the Code.