Offsets. The Company shall be permitted to offset and reduce from any amounts payable to a Management Stockholder the amount of any indebtedness or other obligation or payment owing to the Company by the Management Stockholder.
Appears in 22 contracts
Samples: Stockholders Agreement, Management Stockholders Agreement (BJ's Wholesale Club Holdings, Inc.), Management Stockholders Agreement (BJ's Wholesale Club Holdings, Inc.)
Offsets. The Company shall be permitted to offset and reduce from any amounts payable to a Management Stockholder the amount of any indebtedness or other obligation or payment owing to the Company by the Management Stockholder.
Appears in 3 contracts
Samples: Stockholders Agreement (Calpine Corp), Stockholders Agreement (Neff Corp), Stockholders Agreement (Neff Rental LLC)
Offsets. The Company shall be permitted to offset and reduce from any amounts payable to a Management Stockholder the amount of any indebtedness or other obligation or payment owing to the Company by the Management StockholderStockholder .
Appears in 2 contracts
Samples: Management Stockholders Agreement (Neff Rental LLC), Stockholders Agreement (Winfred Berg Licensco Inc)
Offsets. The Company shall be permitted to offset and reduce from any amounts payable to a Management Stockholder Shareholder the amount of any indebtedness or other obligation or payment owing to the Company by the Management StockholderShareholder except to the extent that amounts to be offset against would be subject the provisions of Section 409A of the Code and related Treasury regulations and such offset would violate Section 409A of the Code.
Appears in 2 contracts
Samples: Management Shareholders Agreement, Management Shareholders Agreement (Intelsat LTD)
Offsets. The Company shall be permitted to offset and reduce from any amounts payable to a Management Stockholder the amount of any indebtedness or other obligation or payment owing to the Company by the Management Stockholder. The Company shall provide the Management Stockholder a detailed statement of the basis for any amount withheld signed by an officer of the Company.
Appears in 1 contract
Offsets. The Company shall be permitted to offset and reduce from any amounts payable to a Management Stockholder the amount of any indebtedness or other obligation or payment owing to the Company by Stockholder. The Company shall provide Stockholder a detailed statement of the Management Stockholderbasis for any amount withheld signed by an officer of the Company.
Appears in 1 contract
Samples: Stockholders Agreement (Interhealth Facility Transport, Inc.)
