Reduction in Payments and Benefits; Withholding Taxes Sample Clauses

Reduction in Payments and Benefits; Withholding Taxes. The benefits provided under this Agreement are in lieu of any benefit provided under any other severance plan, program or arrangement of the Company in effect at the time of a Termination Event. The Company shall withhold appropriate federal, state or local income, employment and other applicable taxes from any payments hereunder.
Sample 1Sample 2Sample 3See All (25)
AutoNDA by SimpleDocs
Reduction in Payments and Benefits; Withholding Taxes. The benefits provided under this Agreement are in lieu of any benefit provided under any other severance plan, program or arrangement of the Company in effect at the time of a Termination Event provided, however that if Executive is entitled to notice, severance, or other termination benefits including, without limitation, under any employment contract, severance plan or requirement imposed by law, such Executive shall be entitled to receive only the benefits under this Agreement or such other severance benefits, whichever is greater in value (as determined by the Board or its designee), but not both. Any payment under this Agreement is intended to be greater than, inclusive of, and made in satisfaction of any such notice, severance, or other termination benefits, including benefits under any employment contact, severance plan or requirement imposed by law. However, to the extent any other notice, severance, or other termination benefits are paid to Executive separately, such payments will be credited against any benefits paid under this Agreement and reduce any benefits paid under this Agreement in a manner which, as much as reasonably practicable (as determined by the Board or its designee) does not result in the imposition of tax penalties on Executive pursuant to Section 409A of the Code. The Company shall withhold appropriate federal, state or local income, employment and other applicable taxes or other deductions required under applicable law from any payments hereunder.
Sample 1Sample 2Sample 3
Reduction in Payments and Benefits; Withholding Taxes. The benefits provided under this Agreement are in lieu of any benefit provided under any other severance plan, program or arrangement of the Company in effect at the time of a Termination Event; provided, however, that if Executive is entitled to other severance benefits, including, without limitation, under any employment contract, severance plan or applicable law, such Executive shall be entitled to receive only the benefit under this Agreement or such other severance benefit, whichever is greater as determined by the Board or its designee. Notwithstanding the foregoing, where such other severance benefit is less than the benefit under this Agreement, but is (i) required to be paid pursuant to applicable non-U.S. law or (ii) nonqualified deferred compensation subject to Section 409A of the Code, the Executive shall be entitled to receive the benefit under this Agreement with the amount to be paid pursuant to Sections 3.2, 3.3 and 3.5 offset by the amount of cash payable under such other severance benefit. The Company shall withhold appropriate federal, state or local income, employment and other applicable taxes from any payments hereunder.
Sample 1Sample 2
Reduction in Payments and Benefits; Withholding Taxes. The benefits provided under this Agreement are in lieu of any benefit provided under any other severance plan, program or arrangement of the Company in effect at the time of an Involuntary Termination Without Cause. Furthermore, to the extent that any federal, state or local laws, including, without limitation, so-called “plant closing” laws, require the Company to give advance notice or make a payment of any kind to Employee because of his or her involuntary termination due to a layoff, reduction in force, plant or facility closing, sale of business, change of control, or any other similar event or reason, the benefits payable under this Agreement shall either be reduced or eliminated. The benefits provided under this Agreement are intended to satisfy any and all statutory obligations that may arise out of Employee’s involuntary termination of employment for the foregoing reasons, and the Company shall so construe and implement the terms of this Agreement. The Company shall withhold appropriate federal, state or local income, employment and other applicable taxes from any payments hereunder.
Sample 1

Related to Reduction in Payments and Benefits; Withholding Taxes

  • Termination Payments and Benefits Regardless of the circumstances of the Executive’s termination, Executive shall be entitled to payment when due of any earned and unpaid base salary, expense reimbursements and vacation days accrued prior to the termination of Executive’s employment, and other unpaid vested amounts or benefits under Company retirement and health benefit plans, and, as applicable, under Equity Agreements in accordance with their terms, and to no other compensation or benefits.

  • Payment of Withholding Taxes Prior to any event in connection with the Award (e.g., vesting) that the Company determines may result in any tax withholding obligation, whether United States federal, state, local or non-U.S., including any social insurance, employment tax, payment on account or other tax-related obligation (the “Tax Withholding Obligation”), the Grantee must arrange for the satisfaction of the minimum amount of such Tax Withholding Obligation through:

  • Withholding; Tax Payments (a) The General Partner may treat taxes paid by the Partnership on behalf of, all or less than all of the Partners, either as a distribution of cash to such Partners or as a general expense of the Partnership, as determined appropriate under the circumstances by the General Partner.

  • Taxes Withholding Etc (a) Payments to Be Free and Clear. All sums payable by any Credit Party hereunder and under the other Credit Documents shall (except to the extent required by law) be paid free and clear of, and without any deduction or withholding on account of, any Tax (other than a Tax on the overall net income of any Lender) imposed, levied, collected, withheld or assessed by or within the United States of America or any political subdivision in or of the United States of America or any other jurisdiction from or to which a payment is made by or on behalf of any Credit Party or by any federation or organization of which the United States of America or any such jurisdiction is a member at the time of payment.

  • Payments and Benefits Subject to the terms and conditions of this Agreement, if the Executive’s employment is terminated during the Term of this Agreement and before a Change in Control (A) by the Company for a reason other than for Cause or (B) by the Executive for Good Reason, the Executive shall be entitled to:

  • Tax Withholding Withholding Advances (a) Each Member agrees to furnish the Company with any representations and forms as shall be reasonably requested by the Board to assist it in determining the extent of, and in fulfilling, any withholding obligations it may have.

  • PAYMENTS AND BENEFITS UPON TERMINATION (a) If within eighteen (18) months after a Change in Control, the Company terminates Employee's employment other than by reason of Employee's death, Disability, Retirement or for Cause, or if Employee terminates Employee's employment for Good Reason, then the Employee shall be entitled to the following payments and benefits:

  • Withholding, Etc The payment of any Salary and bonus hereunder shall be subject to applicable withholding and payroll taxes, and such other deductions as may be required by law or the Company's employee benefit plans.

  • Separation Payments and Benefits Without admission of any liability, fact or claim, the Company hereby agrees, subject to Executive’s timely execution and non-revocation hereof and Executive’s compliance with Executive’s obligations pursuant to this Agreement and the Surviving Provisions, to provide Executive the severance payments and benefits set forth below:

  • Severance Payments and Benefits For purposes of this Agreement, the term "Severance Payments and Benefits" shall mean:

Time is Money Join Law Insider Premium to draft better contracts faster.