Common use of Tax Equalization Clause in Contracts

Tax Equalization. In the event of Executive's relocation, the Company and Executive will cooperate in good faith to agree on such adjustments to Executive's compensation and benefits package as are appropriate to provide consistent after-tax income to Executive equivalent to that of a person receiving Executive's pay and benefits taxable under the terms of the U.S. Internal Revenue Code, while also acting in the best interests of the Company.

Appears in 12 contracts

Samples: Employment Agreement (Interface Inc), Employment Agreement (Interface Inc), Employment Agreement (Interface Inc)

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Tax Equalization. In the event of Executive's relocation, the Company and Executive will cooperate in good faith to agree on such adjustments to Executive's compensation and benefits package as are appropriate to provide consistent after-after tax income to Executive equivalent to that of a person receiving Executive's pay and benefits taxable under the terms of the U.S. Internal Revenue Code, while also acting in the best interests of the Company.

Appears in 4 contracts

Samples: Employment Agreement (Interface Inc), Employment Agreement (Interface Inc), Employment Agreement (Interface Inc)

Tax Equalization. In the event of Executive's ’s relocation, the Company and Executive will cooperate in good faith to agree on such adjustments to Executive's ’s compensation and benefits package as are appropriate to provide consistent after-tax income to Executive equivalent to that of a person receiving Executive's ’s pay and benefits taxable under the terms of the U.S. Internal Revenue Code, while also acting in the best interests of the Company.

Appears in 4 contracts

Samples: Employment Agreement (Interface Inc), Employment Agreement (Interface Inc), Employment Agreement (Interface Inc)

Tax Equalization. In the event of Executive's relocation, the Company and Executive will cooperate in good faith to agree on such adjustments to Executive's compensation and benefits package as are appropriate to provide consistent after-tax income to Executive equivalent to that of a person receiving Executive's pay and benefits taxable under the terms laws of the U.S. Internal Revenue CodeEngland and Wales, while also acting in the best interests of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Interface Inc), Employment Agreement (Interface Inc)

Tax Equalization. In the event of Executive's ’s relocation, the Company and Executive will cooperate in good faith to agree on such adjustments to Executive's ’s compensation and benefits package as are appropriate to provide consistent after-tax income to Executive equivalent to that of a person receiving Executive's ’s pay and benefits taxable under the terms of the U.S. Internal Revenue Code, while also acting in the best interests of the Company.

Appears in 1 contract

Samples: Employment Agreement (Interface Inc)

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Tax Equalization. In the event of Executive's relocationrelocation outside of the United States, the Company and Executive will cooperate in good faith to agree on such adjustments to Executive's compensation and benefits package as are appropriate to provide consistent after-tax income to Executive equivalent to that of a person receiving Executive's pay and benefits taxable under the terms of the U.S. Internal Revenue Code, while also acting in the best interests of the Company.

Appears in 1 contract

Samples: Employment Agreement (Interface Inc)

Tax Equalization. In the event of Executive's relocation’s relocation outside the United States and its legal territories, the Company and Executive will cooperate in good faith to agree on such adjustments to Executive's ’s compensation and benefits package as are appropriate to provide consistent after-tax income to Executive equivalent to that of a person receiving Executive's ’s pay and benefits taxable under the terms of the U.S. Internal Revenue Code, while also acting in the best interests of the Company.. Any such tax equalization arrangement shall be in compliance with Code Section 409A.

Appears in 1 contract

Samples: Employment and Change in Control Agreement (Interface Inc)

Tax Equalization. In the event of Executive's relocation’s relocation outside the United States and its legal territories, the Company and Executive will cooperate in good faith to agree on such adjustments to Executive's ’s compensation and benefits package as are appropriate to provide consistent after-tax income to Executive equivalent to that of a person receiving Executive's ’s pay and benefits taxable under the terms of the U.S. Internal Revenue Code, while also acting in the best interests of the Company.

Appears in 1 contract

Samples: Employment Agreement (Interface Inc)

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