Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / memo-harding-agreement-analysis.docx
memo-harding-agreement-analysis.docx
Parties
Harkness LLP
Northgate Telecommunications PLC
Kensington Partners Ltd
Meridian Wireless Corp
Liddell LLP
Annual Cash Inc
Long-Term Inc
Whitmore Hobson LLP
Dates
June 9, 2024
January 1, 2024
March 15, 2024
October 1, 2024
June 7, 2024
April 18, 2024
Amounts
$34
$1,450,000
$1,400,000
$1,750,000
$300,000
$23.1
$31.4
$14.7
$2,175,000
$4,350,000
Obligations
The gross-up must cover not only the excise tax itself but also the income and employment taxes on the gross-up payment, creating a "tax-on-tax" effect
For example, if NTP agrees to an eighteen-month non-compete and a six-month garden leave running concurrently, the effective post-garden-leave non-compete would be twelve months
NTP's agreement must similarly comply with Section 409A, as Harding will be a U