|
|
|
|
|
by sbelskie
554 days ago
|
|
> “In the event that any payment or benefit by the Company (all such payments and benefits, including the payments and benefits under Section 3(a) hereof, being hereinafter referred to as the ‘Total Payments’), would be subject to excise tax, then the cash severance payments shall be reduced.” > The paper offers this as a more understandable alternative, with the definition separated out: > “In the event that any payment or benefit by the Company would be subject to excise tax, then the cash severance payments shall be reduced. All payments and benefits by the Company shall hereinafter be referred to as the ‘Total Payments.’ This includes the payments and benefits under Section 3(a) hereof.” https://bcs.mit.edu/news/objection-no-one-can-understand-wha... |
|