Common use of Potential Reduction in Payments Clause in Contracts

Potential Reduction in Payments. Notwithstanding any other provision of the Agreement to the contrary, if any Payment would be subject to the Excise Tax, then the Payment shall be either

Appears in 5 contracts

Samples: Employment Agreement (Parker Drilling Co /De/), Employment Agreement (Parker Drilling Co /De/), Employment Agreement (Parker Drilling Co /De/)

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Potential Reduction in Payments. Notwithstanding any other provision of the this Agreement to the contrary, if any Payment (as hereinafter defined) would be subject to the Excise TaxTax (as hereinafter defined), then the Payment shall be either

Appears in 1 contract

Samples: Retirement and Consulting Agreement (Bristow Group Inc)

Potential Reduction in Payments. Notwithstanding any other provision of the Agreement Agre.ement to the contrary, if any Payment would be subject to the Excise Tax, then the Payment shall be eithereither (!) delivered in full pursuant to the terms of this Agreement or

Appears in 1 contract

Samples: Employment Agreement (Parker Drilling Co /De/)

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Potential Reduction in Payments. Notwithstanding any other provision of the this Agreement to the contrary, if any Payment would be subject to the Excise Tax, then the Payment shall be either

Appears in 1 contract

Samples: Employment Agreement (Parker Drilling Co /De/)

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