Common use of Accounting Firm Gross-Up Determination Clause in Contracts

Accounting Firm Gross-Up Determination. (a) Subject to the provisions of Section 7.14, all determinations required to be made under this Section 7.15, including whether and when a Gross-Up Payment Amount is required, the Gross-Up Payment Amount and the assumptions used to arrive at such determination shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Bank and the Executive within 15 business days after receipt of notice from the Bank or the Executive that there has been a Gross-Up Payment Amount, or such earlier time as is requested by the Bank (the “Determination”).

Appears in 1 contract

Samples: Salary Continuation Agreement (Newmil Bancorp Inc)

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Accounting Firm Gross-Up Determination. (a) Subject to the provisions of Section 7.147.16, all determinations required to be made under this Section 7.157.17, including whether and when a Gross-Up Payment Amount is required, the Gross-Up Payment Amount and the assumptions used to arrive at such determination shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Bank and the Executive within 15 business days after receipt of notice from the Bank or the Executive that there has been a Gross-Up Payment Amount, or such earlier time as is requested by the Bank (the “Determination”).

Appears in 1 contract

Samples: Salary Continuation Agreement (First Northern Community Bancorp)

Accounting Firm Gross-Up Determination. (a) Subject to the provisions of Section 7.148.15, all determinations required to be made under this Section 7.158.16, including whether and when a Gross-Up Payment Amount is required, the Gross-Up Payment Amount and the assumptions used to arrive at such determination shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Bank and the Executive within 15 business days after receipt of notice from the Bank or the Executive that there has been a Gross-Gross- Up Payment Amount, or such earlier time as is requested by the Bank (the "Determination").

Appears in 1 contract

Samples: Continuation Agreement (Fc Banc Corp)

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Accounting Firm Gross-Up Determination. (a) Subject to the provisions of Section 7.147.16, all determinations required to be made under this Section 7.157.17, including whether and when a Gross-Up Payment Amount is required, the Gross-Up Payment Amount and the assumptions used to arrive at such determination shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Bank and the Executive within 15 business days after receipt of notice from the Bank or the Executive that there has been a Gross-Up Payment Amount, or such earlier time as is requested by the Bank (the "Determination").

Appears in 1 contract

Samples: Salary Continuation Agreement (Newmil Bancorp Inc)

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