Substitution of Benefits. If any portion of the Benefits (excluding any contributions to any Retirement Plan) cannot reasonably be made available to Executive as required following a termination of employment, then the Corporation shall pay to Executive an amount in cash equal to 150% of the cost which must be incurred by Executive to acquire benefits equivalent to any tax-exempt Benefits previously provided by the Corporation and 100% of the cost which must be incurred by Executive to acquire benefits equivalent to any taxable Benefits previously provided by the Corporation. The Corporation shall determine the cost to Executive of such Benefits in good faith and shall provide reasonable documentation to support its findings to Executive.
Appears in 6 contracts
Samples: Employment Agreement (Convergent Holding Corp), Employment Agreement (Convergent Holding Corp), Employment Agreement (Convergent Holding Corp)
