Examples of Tax Indemnification Payment in a sentence
The Directors shall not borrow any money or mortgage or charge any of the Company’s or its subsidiaries’ undertaking, property or uncalled capital, or issue debentures or other securities, whether outright or as security, for any debt, liability or obligation of an unrelated third party.
Mr. Mahon has the only remaining legacy employment agreement that contains a Tax Indemnification Payment.
The dollar amount noted represents an estimated of the Tax Indemnification Payment Mr. Mahon would have received had a change in control occurred and his employment terminated on December 31, 2019.
Lessor or NEF promptly shall notify Lessee in writing of such Loss and Lessee shall pay to NEF the Tax Indemnification Payment within thirty (30) days of such notice.
No Tax Indemnification Payment would have been payable to the NEO had a change of control occurred on December 31, 2016.