Common use of Reduction in Payments and Benefits; Withholding Taxes Clause in Contracts

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.

Appears in 23 contracts

Samples: Change of Control Severance Agreement (Agilent Technologies Inc), Change of Control Severance Agreement (Agilent Technologies Inc), Change of Control Agreement (American Ecology Corp)

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Reduction in Payments and Benefits; Withholding Taxes. The benefits provided under this Agreement are in lieu of any other benefit provided under any other group severance plan, program or arrangement plan of the Company in effect at the time of a Termination Event. The Company shall withhold appropriate federal, state or local income, income and employment and other applicable taxes from any payments hereunder.

Appears in 2 contracts

Samples: Executive Compensation and Benefits Continuation Agreement (Cortech Inc), Sigma Circuits Inc

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