Common use of Parachute Payment Tax Reimbursement Clause in Contracts

Parachute Payment Tax Reimbursement. (a) If any payment or benefit within the meaning of Section 280G(b)(2) of the Internal Revenue Code of 1986, as amended (the "Code"), to Cxxxx for his benefit paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise in connection with, or arising out of, his employment with ProAssurance or a Change of Control (as defined in Section 5.3(d) hereof) (a "

Appears in 1 contract

Samples: Employment Agreement (Proassurance Corp)

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Parachute Payment Tax Reimbursement. (a) If any payment or benefit within the meaning of Section 280G(b)(2) of the Internal Revenue Code of 1986, as amended (the "Code"), to Cxxxx Executive for his benefit paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise in connection with, or arising out of, his employment with ProAssurance or a Change of Control (as defined in Section 5.3(d8.1(d) hereof) (a "

Appears in 1 contract

Samples: Employment Agreement (Proassurance Corp)

Parachute Payment Tax Reimbursement. (a) If any payment or benefit within the meaning of Section 280G(b)(2) of the Internal Revenue Code of 1986, as amended (the "Code"), to Cxxxx Executive for his benefit paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise in connection with, or arising out of, his employment with ProAssurance or a Change of Control (as defined in Section 5.3(d8.1(d) hereof) (a "

Appears in 1 contract

Samples: Employment Agreement (Proassurance Corp)

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Parachute Payment Tax Reimbursement. (a) If any payment or benefit within the meaning of Section 280G(b)(2) of the Internal Revenue Code of 1986, as amended (the "Code"), to Cxxxx Bxxxxx for his benefit paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise in connection with, or arising out of, his employment with ProAssurance or a Change of Control (as defined in Section 5.3(d) hereof) (a "

Appears in 1 contract

Samples: Employment Agreement (Proassurance Corp)

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