Tax Equalization Amounts. If in any calendar year (the "Exercise Year"), the Executive exercises one or more Options, the Employers shall make a payment to the Executive equal to the Tax Equalization Amount, computed in the manner set forth below. Except as provided in paragraph (d) below, the Tax Equalization Amount shall be paid no later than April 15 of the year following the Exercise year.
Appears in 4 contracts
Samples: Executive Employment Agreement (Specialty Foods Corp), Executive Employment Agreement (Specialty Foods Corp), Executive Employment Agreement (Specialty Foods Acquisition Corp)
