Common use of Taxable Benefits Clause in Contracts

Taxable Benefits. 3.1 If the Indemnitees or any of them are required to include in their income, or in the income of the estate of the Executive, any payment made under this Agreement for the purpose of determining income tax payable by the Indemnitees or any of them or the estate, the Company shall pay an amount by way of indemnity that will fully indemnify the Indemnitees or estate for the amount of all liabilities described in Parts 2 and 3 and all income taxes payable as a result of the receipt of the indemnity payment.

Taxable Benefits. 3.1 If the Indemnitees or any of them are required to include in their income, or in the income of the estate of the Executive, any payment made under this Agreement for the purpose of determining income tax payable by the Indemnitees or any of them or the estate, the Company shall pay an amount by way of indemnity that will fully indemnify the Indemnitees or estate for the amount of all liabilities described in Parts sections 2 and 3 4 above and all income taxes payable as a result of the receipt of the indemnity payment.

Taxable Benefits. 3.1 If the Indemnitees or any of them are required to include in their income, or in the income of the estate of the Executive, any payment made under this Agreement for the purpose of determining income tax payable by the Indemnitees or any of them or the estateestate of the Executive, the Company shall pay an amount by way of indemnity that will fully indemnify the Indemnitees or estate of the Executive for the amount of all liabilities described in Parts section 1 and section 2 and 3 and all income taxes payable as a result of the receipt of the indemnity payment.