Accounting Firm Determinations. If the Accounting Firm determines that aggregate Agreement Payments should be reduced to the Reduced Amount, then the Employer shall promptly give Executive notice to that effect and a copy of the detailed calculation thereof. All determinations made by the Accounting Firm under this Section 10 shall be binding upon the Employer and Executive and shall be made as soon as reasonably practicable and in no event later than 20 days following the Termination Date. For purposes of reducing the Agreement Payments to the Reduced Amount, only amounts payable under this Agreement (and no other Payments) shall be reduced. The reduction of the amounts payable hereunder, if applicable, shall be made by reducing the payments and benefits under the following sections in the following order: first from Section 7(b)(iii), then from Section 7(b)(ii) and lastly from Section 7(b)(i). All fees and expenses of the Accounting Firm shall be borne solely by the Employer.
Appears in 16 contracts
Samples: Executive Employment Agreement (Primis Financial Corp.), Executive Employment Agreement (Primis Financial Corp.), Executive Employment Agreement (Primis Financial Corp.)
Accounting Firm Determinations. If the Accounting Firm determines that aggregate Agreement Payments should be reduced to the Reduced Amount, then the Employer Company shall promptly give the Executive notice to that effect and a copy of the detailed calculation thereof. All determinations made by the Accounting Firm under this Section 10 8 shall be binding upon the Employer Company and the Executive and shall be made as soon as reasonably practicable and in no event later than 20 15 days following the Termination DateDate of Termination. For purposes of reducing the Agreement Payments to the Reduced Amount, only amounts payable under this Agreement (and no other Payments) shall be reduced. The reduction of the amounts payable hereunder, if applicable, shall be made by reducing the payments and benefits under the following sections in the following order: first from Section 7(b)(iii5(a)(i)(B), then from Section 7(b)(ii5(a)(iii), then from Section 5(a)(iv) and lastly from Section 7(b)(i5(a)(ii). All fees and expenses of the Accounting Firm shall be borne solely by the EmployerCompany.
Appears in 8 contracts
Samples: Employment Agreement (Primerica, Inc.), Employment Agreement (Primerica, Inc.), Employment Agreement (Primerica, Inc.)
Accounting Firm Determinations. If the Accounting Firm determines that aggregate Agreement Payments should be reduced to the Reduced Amount, then the Employer shall promptly give Executive Employee notice to that effect and a copy of the detailed calculation thereof. All determinations made by the Accounting Firm under this Section 10 7 shall be binding upon the Employer and Executive Employee and shall be made as soon as reasonably practicable and in no event later than 20 days following the Termination Date. For purposes of reducing the Agreement Payments to the Reduced Amount, only amounts payable under this Agreement (and no other Payments) shall be reduced. The reduction of the amounts payable hereunder, if applicable, shall be made by reducing the payments and benefits under the following sections in the following order: first from Section 7(b)(iii5(b)(iii), then from Section 7(b)(ii5(b)(ii) and lastly from Section 7(b)(i5(b)(i). All fees and expenses of the Accounting Firm shall be borne solely by the Employer.
Appears in 2 contracts
Samples: Severance Protection and Restrictive Covenants Agreement (Ameris Bancorp), Severance Protection and Restrictive Covenants Agreement (Ameris Bancorp)