Access; Binding Effect Sample Clauses
The "Access; Binding Effect" clause establishes that certain parties, such as representatives or affiliates, are granted the right to access specific information, premises, or resources as outlined in the agreement. In practice, this means that not only the primary parties to the contract but also their successors, assigns, or authorized agents are subject to the terms and obligations of the agreement, and may exercise rights such as inspection or review. The core function of this clause is to ensure that the agreement's provisions are enforceable and applicable to all relevant parties, thereby maintaining continuity and clarity in the contractual relationship even if parties change or third parties become involved.
Access; Binding Effect. The Corporation, the Employer and the Executive shall each provide the Accounting Firm access to and copies of any books, records and documents in the possession of the Employer or the Executive, as the case may be, reasonably requested by the Accounting Firm, and otherwise cooperate with the Accounting Firm in connection with the preparation and issuance of the determinations and calculations contemplated by this Section 3. Any determination by the Accounting Firm as to the amount of any Gross-Up Payment or Underpayment shall be binding upon the Employer, its Affiliates and the Executive; provided that if the Executive is ultimately required to pay an Excise Tax by the Internal Revenue Service despite the opinion of such Accounting Firm, then the Employer shall make the appropriate Gross-Up Payment contemplated herein.