Examples of AirTouch Group in a sentence
The payments under this Agreement shall fully discharge all responsibilities of the AirTouch Group to the Employee upon termination of the Employee's employment.
During the term of employment under this Agreement, the Employee shall devote the Employee's full business efforts and time to the Employing Entity and the AirTouch Group.
For purposes of this Subsection, "outside directors" shall mean members of the Board of Directors of the Corporation, as such Board of Directors was constituted one year prior to the Change in Control, who were not employees of the Corporation or another member of the AirTouch Group one year prior to the Change in Control.
This Subsection shall not be construed to require any member of the AirTouch Group to grant any new awards to the Employee during the Extension Period.
The foregoing shall not preclude the Employee from engaging in appropriate civic, charitable or religious activities or from devoting a reasonable amount of time to private investments or from serving on the boards of directors of other entities, as long as such activities and service do not interfere or conflict with the Employee's responsibilities to the Employing Entity and the AirTouch Group.
The parties understand and agree that the Extension Period also counts as employment with the Corporation for purposes of determining the expiration date of any incentive award granted by any member of the AirTouch Group or its delegate and held by the Employee when employment terminates.
If the Auditors determine that any Payment would be nondeductible by the Corporation or any member of the AirTouch Group because of section 280G of the Code, then the Corporation, within five business days after being notified by the Auditors, shall give the Employee notice to that effect and a copy of the detailed calculation thereof and of the Reduced Amount.
As a result of uncertainty in the application of section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Gross-Up Payments not made by the Corporation and members of the AirTouch Group should have been made ("Underpayment"), or that Gross-Up Payments were made by the Corporation and members of the AirTouch Group that should not have been made ("Overpayments").
At any time, and in its sole discretion, the Corporation's Compensation and Personnel Committee of the Board of Directors may elect to waive, in whole or in part, the reduction of a Payment, notwithstanding the determination that such Payment will be nondeductible by the Corporation (or other member of the AirTouch Group) for federal income tax purposes because of section 280G of the Code.
As a result of uncertainty in the application of section 280G of the Code at the time of an initial determination by the Auditors hereunder, it is possible that Payments will have been made by the AirTouch Group that should not have been made (an "Overpayment") or that additional Payments that will not have been made by the Corporation could have been made (an "Underpayment"), consistent in each case with the calculation of the Reduced Amount hereunder.