Common use of Excise Tax Equalization Payment Clause in Contracts

Excise Tax Equalization Payment. In the event that the Executive becomes entitled to payments and/or benefits which would constitute "parachute payments" within the meaning of Section 280G(b)(2) of the Code, the provisions of Exhibit A will apply.

Appears in 13 contracts

Sources: Employment Agreement (Textron Inc), Employment Agreement (Textron Inc), Employment Agreement (Textron Inc)

Excise Tax Equalization Payment. In the event that the Executive becomes entitled to payments and/or benefits which would constitute "parachute payments" within the meaning of Section 280G(b)(2) of the Code, the provisions of Exhibit A B will apply.

Appears in 5 contracts

Sources: Employment Agreement (Textron Inc), Employment Agreement (Textron Inc), Employment Agreement (Textron Inc)

Excise Tax Equalization Payment. In the event that the Executive becomes entitled to payments and/or benefits which would constitute "β€œparachute payments" ” within the meaning of Section 280G(b)(2) of the Code, the provisions of Exhibit A will apply.

Appears in 1 contract

Sources: Employment Agreement (Textron Inc)

Excise Tax Equalization Payment. In the event that the Executive becomes entitled to payments and/or benefits which that would constitute "parachute payments" within the meaning of Section 280G(b)(2) of the Code, the provisions of Exhibit A will apply.

Appears in 1 contract

Sources: Employment Agreement (Textron Inc)