Common use of Right to Consult a Tax Advisor Clause in Contracts

Right to Consult a Tax Advisor. Notwithstanding any contrary provision in this Agreement, Employee shall be solely responsible for any risk that the tax treatment of all or part of any payments provided by this Agreement may be affected by Section 409A, which may impose significant adverse tax consequences on him, including accelerated taxation, a 20% additional tax, and interest. Because of the potential tax consequences, Employee has the right, and is encouraged by this paragraph, to consult with a tax advisor of his choice before signing this Agreement. EMPLOYEE: /s/ J. Xxxxxx Xxxxxxxxx Name: J. Xxxxxx Xxxxxxxxx COMPANY: APPROACH RESOURCES INC., A Delaware Corporation By: /s/ X. Xxxx Craft Name: X. Xxxx Craft Title: President and Chief Executive Officer

Appears in 1 contract

Samples: Employment Agreement (Approach Resources Inc)

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Right to Consult a Tax Advisor. Notwithstanding any contrary provision in this Agreement, Employee shall be solely responsible for any risk that the tax treatment of all or part of any payments provided by this Agreement may be affected by Section 409A, which may impose significant adverse tax consequences on him, including accelerated taxation, a 20% additional tax, and interest. Because of the potential tax consequences, Employee has the right, and is encouraged by this paragraph, to consult with a tax advisor of his choice before signing this Agreement. [Signature Page Follows] EMPLOYEE: /s/ J. Xxxxxx Xxxxxxxxx X. Xxxxx Name: J. Xxxxxx Xxxxxxxxx X. Xxxxx COMPANY: APPROACH RESOURCES INC., A Delaware Corporation By: /s/ X. Xxxx Craft Name: X. Xxxx Craft Title: President and Chief Executive Officer

Appears in 1 contract

Samples: Employment Agreement (Approach Resources Inc)

Right to Consult a Tax Advisor. Notwithstanding any contrary provision in this Agreement, Employee shall be solely responsible for any risk that the tax treatment of all or part of any payments provided by this Agreement may be affected by Section 409A, which may impose significant adverse tax consequences on him, including accelerated taxation, a 20% additional tax, and interest. Because of the potential tax consequences, Employee has the right, and is encouraged by this paragraph, to consult with a tax advisor of his choice before signing this Agreement. [Signature Page Follows] EMPLOYEE: /s/ J. Xxxxxx Xxxxxxxxx X. Xxxx Craft Name: J. Xxxxxx Xxxxxxxxx X. Xxxx Craft COMPANY: APPROACH RESOURCES INC., A Delaware Corporation By: /s/ Xxxxxx X. Xxxx Craft Xxxxx Name: Xxxxxx X. Xxxx Craft Xxxxx Title: Executive Vice President and Chief Executive Financial Officer

Appears in 1 contract

Samples: Employment Agreement (Approach Resources Inc)

Right to Consult a Tax Advisor. Notwithstanding any contrary provision in this Agreement, Employee shall be solely responsible for any risk that the tax treatment of all or part of any payments provided by this Agreement may be affected by Section 409A, which may impose significant adverse tax consequences on him, including accelerated taxation, a 20% additional tax, and interest. Because of the potential tax consequences, Employee has the right, and is encouraged by this paragraph, to consult with a tax advisor of his choice before signing this Agreement. EMPLOYEE: /s/ J. Xxxxxx Xxxxx X. Xxxxxxxxx Name: J. Xxxxxx Xxxxx X. Xxxxxxxxx THE COMPANY: APPROACH RESOURCES BONANZA CREEK ENERGY, INC., A a Delaware Corporation corporation: By: /s/ Xxxxxxx X. Xxxx Craft Xxxxxxx Name: Xxxxxxx X. Xxxx Craft Xxxxxxx Title: President and Chief Executive OfficerOfficer ATTACHMENT A FORM OF GENERAL RELEASE AGREEMENT

Appears in 1 contract

Samples: Employment Agreement (Bonanza Creek Energy, Inc.)

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Right to Consult a Tax Advisor. Notwithstanding any contrary provision in this Agreement, Employee shall be solely responsible for any risk that the tax treatment of all or part of any payments provided by this Agreement may be affected by Section 409A, which may impose significant adverse tax consequences on him, including accelerated taxation, a 20% additional tax, and interest. Because of the potential tax consequences, Employee has the right, and is encouraged by this paragraph, to consult with a tax advisor of his choice before signing this Agreement. [Signature Page Follows] EMPLOYEE: /s/ J. Xxxxxx Xxxxxxxxx Xxxxx X. Xxxxxxxxxxxx Name: J. Xxxxxx Xxxxxxxxx Xxxxx X. Xxxxxxxxxxxx COMPANY: APPROACH RESOURCES INC., A Delaware Corporation By: /s/ X. Xxxx Craft Name: X. Xxxx Craft Title: President and Chief Executive Officer

Appears in 1 contract

Samples: Employment Agreement (Approach Resources Inc)

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