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Examples

  • In a revised contract signed in March, the CEO agreed to give up promised "gross-up" payments to pay the tax bills of any severance payments.

    Motorola Chief Gets $62 Million If He Exits Scott Thurm 2011

  • The first was Walt Disney Co., which won support from ISS after deciding to drop so-called tax gross-up provisions from employment agreements for four top executives.

    Strings Attached to Options Grant for GE's Immelt Andrew Dowell 2011

  • ISS urged shareholders to oppose the parachutes because Mr. Ousley is eligible for a $4 million gross-up payment.

    Mergers Open 'Golden Parachutes' Scott Thurm 2011

  • Mr. Orsinger could also benefit from a $12 million gross-up.

    Mergers Open 'Golden Parachutes' Scott Thurm 2011

  • Soon after, the "tax gross-up" was born, in which companies footed the tax bill instead, often costing shareholders tens of millions.

    Toward a New Currency of 'Low Risk' Dennis K. Berman 2011

  • The measure largely backfired by encouraging the spread of parachutes, which until then were rare, and by spawning "gross-up" clauses under which companies pay the tax for executives.

    Mergers Open 'Golden Parachutes' Scott Thurm 2011

  • Days before Walt Disney Co. shareholders met on March 23, the media giant dropped "gross-up" provisions from employment agreements for chief Robert A. Iger and three fellow executives.

    Firms Feel 'Say on Pay' Effect Joann S. Lublin 2011

  • Twenty-nine companies in the 2009 survey nixed at least one gross-up payment.

    Perks Are Trimmed Amid Pushback on Pay Dana Mattioli 2010

  • Mr. Stroucken also waived his right to a tax gross-up on his executive life-insurance benefit.

    Outperforming Others But Paid Less Dana Mattioli 2010

  • Mr. Stroucken also waived his right to a tax gross-up on his executive life-insurance benefit.

    Outperforming Others But Paid Less Dana Mattioli 2010

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