Common use of Reductions to Severance Pay Clause in Contracts

Reductions to Severance Pay. Executive will receive the Severance Pay notwithstanding any other earnings that Executive may have and without offset of any kind except that the Corporation has the right to deduct from the Severance Pay any income, payroll or other taxes required to be deducted from such payments.

Appears in 7 contracts

Samples: Change in Control Agreement (Macatawa Bank Corp), Change in Control Agreement (Macatawa Bank Corp), Change in Control Agreement (Macatawa Bank Corp)

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