Adjusted Payment. The parties intend that payments made under this Agreement, when combined with all other compensatory payments, will be limited to avoid the application of the excise tax imposed under Internal Revenue Code Section 4999 (the “Excise Tax”).
Appears in 2 contracts
Sources: Severance Agreement (Reptron Electronics Inc), Severance Agreement (Reptron Electronics Inc)
Adjusted Payment. The parties intend that payments made under this Agreement, when combined with all other compensatory payments, will be limited to avoid the application of the excise tax imposed under Internal Revenue Code Section 4999 (the “"Excise Tax”").
Appears in 2 contracts
Sources: Severance Agreement (In Focus Systems Inc), Severance Agreement (In Focus Systems Inc)