Offset of Proceeds Related to Indebtedness. The Service Provider agrees and acknowledges that the Company or one of its Subsidiaries may offset any amounts to which the Service Provider may be entitled under this Agreement by the amount of any indebtedness and related interest owed by the Service Provider to the Company or one of its Subsidiaries to the extent permitted by applicable law or, if lower, to the extent that such offset will not create adverse tax consequences to the Service Provider under Section 409A. Further, the Service Provider agrees and acknowledges that if any or all of the amount owed by the Service Provider is not satisfied by such offset, the Service Provider shall continue to remain responsible for payment of the outstanding balance.
Appears in 4 contracts
Samples: Restricted Stock Unit Agreement (Equitable Holdings, Inc.), Restricted Stock Unit Agreement (Equitable Holdings, Inc.), Restricted Stock Unit Agreement (Equitable Holdings, Inc.)
