Withholding and Employment Taxes. Executive shall be responsible for any applicable taxes of any nature (including any penalties or interest that may apply to such taxes) that the Company reasonably determines apply to any payment made hereunder. Executive’s receipt of any benefit hereunder is conditioned on his or her satisfaction of any applicable withholding or similar obligations that apply to such benefit, and any cash payment owed hereunder will be reduced to satisfy any such withholding or similar obligations that may apply.
Appears in 6 contracts
Samples: Executive Severance Agreement (Mast Therapeutics, Inc.), Executive Severance Agreement (Mast Therapeutics, Inc.), Executive Severance Agreement (Mast Therapeutics, Inc.)
