Satisfaction of Tax Obligations in Connection with Cash Payment. To the extent that Executive is required to satisfy tax withholding obligations with respect to the cash payment set forth in Section 1 hereof (“Tax Obligations”), the Company shall make a cash payment to Executive in an amount equal to the Tax Obligation. Such cash payment made by the Company to Executive shall reduce, in an aggregate amount equal to such cash payments made, the cash payment otherwise due Executive under Section 1 hereof.
Appears in 4 contracts
Samples: Change of Control Severance Agreement (Business Objects S.A.), Change of Control Severance Agreement (Business Objects S.A.), Release of Claims (Business Objects S.A.)
