Legal Jargon Decoder

ChatGPT is incredibly good at explaining things, like legal jargon.

GenAI Tool

U-M GPT

User Input

Explain the following using common language:
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.

Example Output

If the company has to pay a tax or provide any benefits, including the ones mentioned in Section 3(a), and that tax is imposed on those payments and benefits. We call them "Total Payments."