Time of Gross-Up Payments. The Gross-Up Payments provided for in this paragraph 12 shall be made upon the earlier of (i) the payment to the Participant of any Payment or (ii) the imposition upon the Participant, or any payment by the Participant, of any Excise Tax.
Appears in 5 contracts
Samples: Stock Option Agreement (Verizon Communications Inc), Grant Stock Option Agreement (Verizon Communications Inc), Grant Stock Option Agreement (Verizon Communications Inc)
Time of Gross-Up Payments. The Gross-Up Payments provided for in this ------------------------- paragraph 12 shall be made upon the earlier of (i) the payment to the Participant of any Payment or (ii) the imposition upon the Participant, or any payment by the Participant, of any Excise Tax.
Appears in 1 contract
Samples: Grant Stock Option Agreement (Verizon Communications Inc)
Time of Gross-Up Payments. The Gross-Up Payments provided for in this paragraph 12 Addendum A shall be made upon the earlier of (i) the payment to the Participant of any Payment or (ii) the imposition upon the Participant, or any payment by the Participant, of any Excise Tax.
Appears in 1 contract
Samples: Special Retention Account Program (Verizon Communications Inc)
