Common use of Timing of Reimbursements and In-kind Benefits Clause in Contracts

Timing of Reimbursements and In-kind Benefits. If Executive is entitled to be paid or reimbursed for any taxable expenses under Sections 6(b), 7(d), 7(f)(iv), or 18(b) and such payments or reimbursements are includible in Executive’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year (other than the outplacement benefits under Section 7(f)(iv)(y), and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. Executive’s rights to payment or reimbursement of expenses pursuant to Section 18(b) shall expire at the end of the 20 years after the Date of Termination. No right of Executive to reimbursement of expenses under Sections 6(b), 7(d), 7(f)(iv), or 18(b) shall be subject to liquidation or exchange for another benefit.

Appears in 11 contracts

Samples: Employment Agreement (Graphic Packaging Holding Co), Employment Agreement (Graphic Packaging Holding Co), Employment Agreement (Graphic Packaging Holding Co)

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Timing of Reimbursements and In-kind Benefits. If Executive is entitled to be paid or reimbursed for any taxable expenses under Sections 6(b6(a), 7(d7(f)(v), 7(f)(iv), or 18(b) or otherwise and such payments or reimbursements are includible in Executive’s 's federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year (other than the outplacement benefits under Section 7(f)(iv)(y7(f)(v)(y)), and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. Executive’s 's rights to payment or reimbursement of expenses pursuant to Section 18(b) shall expire at the end of the 20 years after the Date of Termination. No right of Executive to reimbursement of expenses under Sections 6(b6(a), 7(d7(f)(v), 7(f)(iv), or 18(b) or otherwise shall be subject to liquidation or exchange for another benefit.

Appears in 2 contracts

Samples: Employment Agreement (Graphic Packaging Holding Co), Executive Employment Agreement (Graphic Packaging Holding Co)

Timing of Reimbursements and In-kind Benefits. If Executive is entitled to be paid or reimbursed for any taxable expenses under Sections 6(b6(a), 7(d7(f)(v), 7(f)(iv), or 18(b) or otherwise and such payments or reimbursements are includible in Executive’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year (other than the outplacement benefits under Section 7(f)(iv)(y7(f)(v)(y)), and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. Executive’s rights to payment or reimbursement of expenses pursuant to Section 18(b) shall expire at the end of the 20 years after the Date of Termination. No right of Executive to reimbursement of expenses under Sections 6(b6(a), 7(d7(f)(v), 7(f)(iv), or 18(b) or otherwise shall be subject to liquidation or exchange for another benefit.

Appears in 2 contracts

Samples: Employment Agreement (Graphic Packaging Holding Co), Employment Agreement (Graphic Packaging Holding Co)

Timing of Reimbursements and In-kind Benefits. If Executive is entitled to be paid or reimbursed for any taxable expenses under Sections 6(b6(a), 7(d7(h)(v), 7(f)(iv), 19(b) or 18(b) otherwise and such payments or reimbursements are includible in Executive’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year (other than the outplacement benefits under Section 7(f)(iv)(y7(h)(v)(y)), and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. Executive’s rights to payment or reimbursement of expenses pursuant to Section 18(b19(b) shall expire at the end of the 20 years after the Date of Termination. No right of Executive to reimbursement of expenses under Sections 6(b6(a), 7(d7(h)(v), 7(f)(iv), 19(b) or 18(b) otherwise shall be subject to liquidation or exchange for another benefit.

Appears in 1 contract

Samples: Employment Agreement (Graphic Packaging Holding Co)

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Timing of Reimbursements and In-kind Benefits. If Executive is entitled to be paid or reimbursed for any taxable expenses under Sections 6(b6(a), 7(d), 7(f)(iv7(f)(v), or 18(b) and such payments or reimbursements are includible in Executive’s 's federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year (other than the outplacement benefits under Section 7(f)(iv)(y), and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. Executive’s 's rights to payment or reimbursement of expenses pursuant to Section 18(b) shall expire at the end of the 20 years after the Date of Termination. No right of Executive to reimbursement of expenses under Sections 6(b6(a), 7(d), 7(f)(iv7(f)(v), or 18(b) shall be subject to liquidation or exchange for another benefit.

Appears in 1 contract

Samples: Employment Agreement (Graphic Packaging Holding Co)

Timing of Reimbursements and In-kind Benefits. If Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement, including Sections 6(b6(a), 7(d), 7(f)(iv7(g)(v), or 18(b) 19(b), and such payments or reimbursements are includible in Executive’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year (other than the outplacement benefits under Section 7(f)(iv)(y7(g)(v)(y), and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. Executive’s rights to payment or reimbursement of expenses pursuant to Section 18(b19(b) shall expire at the end of the 20 years after the Date of Termination. No right of Executive to reimbursement of expenses under this Agreement, including Sections 6(b6(a), 7(d), 7(f)(iv7(g)(v), or 18(b) 19(b), shall be subject to liquidation or exchange for another benefit.

Appears in 1 contract

Samples: Employment Agreement (Graphic Packaging Holding Co)

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