Amount Increased or Contested. 6.6.1 The Executive shall notify the Company in writing (an “Executive’s Notice”) of any claim by the IRS or other taxing authority (an “IRS Claim”) that, if successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 or 6.2, as applicable. Such Executive’s Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “IRS Claim Deadline”), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the Executive’s Notice as soon as practicable, but no later than the earlier of (i) 10 business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before the IRS Claim Deadline; provided, however, that the Executive’s failure to give such notice shall affect the Company’s obligations under this Article only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 9 contracts
Samples: Change in Control Agreement (Nicor Inc), Change in Control Agreement (Nicor Inc), Change in Control Agreement (Nicor Inc)
Amount Increased or Contested. 6.6.1 The Executive shall notify the Company in writing (an “"Executive’s 's Notice”") of any claim by the IRS or other taxing authority (an “"IRS Claim”") that, if successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 or 6.2, as applicable. Such Executive’s 's Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “"IRS Claim Deadline”"), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the Executive’s 's Notice as soon as practicable, but no later than the earlier of (i) 10 business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before after the IRS Claim Deadline; provided, however, that the Executive’s 's failure to give such notice shall affect the Company’s 's obligations under this Article only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 6 contracts
Samples: Control Agreement (Nicor Inc), Change in Control Agreement (Nicor Inc), Control Agreement (Nicor Inc)
Amount Increased or Contested. 6.6.1 The (a) Executive shall notify the Company in writing (an “Executive’s Notice”) of any claim by the IRS or other taxing authority (an “IRS Claim”) that, if successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 or 6.2, as applicable5.1. Such Executive’s Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “IRS Claim Deadline”), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the Executive’s Notice as soon as practicable, but no later than the earlier of (i) 10 business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before the IRS Claim Deadline; provided, however, that the Executive’s any failure to give such notice Executive’s Notice shall affect the Company’s obligations under this Article only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 5 contracts
Samples: Control Employment Agreement, Control Employment Agreement (Exelon Corp), Control Employment Agreement (Exelon Corp)
Amount Increased or Contested. 6.6.1 The (a) Executive shall notify the Company in writing (an “Executive’s Notice”) of any claim by the IRS or other taxing authority (an “IRS Claim”) that, if successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 5.1 or 6.25.2, as applicable. Such Executive’s Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “IRS Claim Deadline”), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the Executive’s Notice as soon as practicable, but no later than the earlier of (i) 10 business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before the IRS Claim Deadline; provided, however, that the Executive’s any failure to give such notice Executive’s Notice shall affect the Company’s obligations under this Article only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 4 contracts
Samples: Control Employment Agreement (Allstate Corp), Control Employment Agreement (Allstate Corp), Control Employment Agreement (Allstate Corp)
Amount Increased or Contested. 6.6.1 The (a) Executive shall notify the Company in writing (an “"Executive’s 's Notice”") of any claim by the IRS or other taxing authority (an “"IRS Claim”") that, if successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 or 6.2, as applicable5.1. Such Executive’s 's Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “"IRS Claim Deadline”"), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the Executive’s 's Notice as soon as practicable, but no later than the earlier of (i) 10 business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before the IRS Claim Deadline; provided, however, that the Executive’s any failure to give such notice Executive's Notice shall affect the Company’s 's obligations under this Article only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 3 contracts
Samples: Employment Agreement (Commonwealth Edison Co), Employment Agreement (Principal Financial Group Inc), Employment Agreement (Principal Financial Group Inc)
Amount Increased or Contested. 6.6.1 The (a) Executive shall notify the Company in writing (an “"Executive’s 's Notice”") of any claim by the IRS or other taxing authority (an “"IRS Claim”") that, if successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 8.5 or 6.28.6, as applicable. Such Executive’s 's Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “"IRS Claim Deadline”"), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the his Executive’s 's Notice as soon as practicable, but no later than the earlier of (i) 10 business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before the IRS Claim Deadline; provided, however, that the Executive’s 's failure to give such notice shall affect the Company’s 's obligations under this Article only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 2 contracts
Samples: Employment Agreement (Commonwealth Edison Co), Employment Agreement (Commonwealth Edison Co)
Amount Increased or Contested. 6.6.1 The (a) Executive shall notify the Company in writing (an “Executive’s Notice”) of any claim by the IRS or other taxing authority (an “IRS Claim”) that, if successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 or 6.2, as applicable6.1. Such Executive’s Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “IRS Claim Deadline”), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the Executive’s Notice as soon as practicable, but no later than the earlier of (i) 10 business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before the IRS Claim Deadline; provided, however, that the Executive’s any failure to give such notice Executive’s Notice shall affect the Company’s obligations under this Article only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 2 contracts
Samples: Employment Agreement (Principal Financial Group Inc), Control Employment Agreement (Principal Financial Group Inc)
Amount Increased or Contested. 6.6.1 The (a) Executive shall notify the Company in writing (an “Executive’s Notice”) of any claim by the IRS or other taxing authority (an “IRS Claim”) that, if successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 8.5 or 6.28.6, as applicable. Such Executive’s Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “IRS Claim Deadline”), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the his Executive’s Notice as soon as practicable, but no later than the earlier of (i) 10 business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before the IRS Claim Deadline; provided, however, that the Executive’s failure to give such notice shall affect the Company’s obligations under this Article only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 2 contracts
Samples: Employment Agreement (Commonwealth Edison Co), Employment Agreement (Exelon Generation Co LLC)
Amount Increased or Contested. 6.6.1 (a) The Executive shall notify the Company in writing (an “"Executive’s 's Notice”") of any claim by the IRS or other taxing authority (an “"IRS Claim”") that, if successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 or 6.2, as applicable. Such Executive’s 's Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “"IRS Claim Deadline”"), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the Executive’s 's Notice as soon as practicable, but no later than the earlier of (i) 10 business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before after the IRS Claim Deadline; provided, however, that the Executive’s 's failure to give such notice shall affect the Company’s 's obligations under this Article only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 2 contracts
Samples: Control Agreement (Peco Energy Co), Control Agreement (Commonwealth Edison Co)
Amount Increased or Contested. 6.6.1 The (a) Executive shall notify the Company in writing (an “"Executive’s 's Notice”") of any claim by the IRS or other taxing authority (an “"IRS Claim”") that, if successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 5.1 or 6.25.2, as applicable. Such Executive’s 's Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “"IRS Claim Deadline”), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the Executive’s 's Notice as soon as practicable, but no later than the earlier of (i) 10 business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before the IRS Claim Deadline; provided, however, that the Executive’s any failure to give such notice Executive's Notice shall affect the Company’s 's obligations under this Article only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 2 contracts
Samples: Control Employment Agreement (Allstate Corp), Control Employment Agreement (Allstate Corp)
Amount Increased or Contested. 6.6.1 The 6.6.1The Executive shall notify the Company in writing (an “"Executive’s 's Notice”") of any claim by the IRS or other taxing authority (an “"IRS Claim”") that, if successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 or 6.2, as applicable. Such Executive’s 's Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “"IRS Claim Deadline”"), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the Executive’s 's Notice as soon as practicable, but no later than the earlier of (i) 10 ten business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before after the IRS Claim Deadline; provided, however, that the Executive’s 's failure to give such notice shall affect the Company’s 's obligations under this Article only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 1 contract
Samples: Control Agreement (Nicor Inc)
Amount Increased or Contested. 6.6.1 The (i) Executive shall notify the Company in writing (an “"Executive’s 's Notice”") of any claim by the IRS or other taxing authority (an “"IRS Claim”") that, if successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 13(a) or 6.213(b), as applicable. Such Executive’s 's Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “"IRS Claim Deadline”"), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the his Executive’s 's Notice as soon as practicable, but no later than the earlier of (i) 10 business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before the IRS Claim Deadline; provided, however, that the Executive’s 's failure to give such notice shall affect the Company’s 's obligations under this Article Section 13 only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 1 contract
Amount Increased or Contested. 6.6.1 The Executive shall notify the Company in writing (an “Executive’s Notice”) of any claim by the IRS or other taxing authority (an “IRS Claim”) that, if 18 successful, would require the payment by the Executive of Excise Taxes in respect of Potential Parachute Payments in an amount in excess of the amount of such Excise Taxes determined in accordance with Section 6.1 or 6.2, as applicable. Such Executive’s Notice shall include the nature and amount of such IRS Claim, the date on which such IRS Claim is due to be paid (the “IRS Claim Deadline”), and a copy of all notices and other documents or correspondence received by the Executive in respect of such IRS Claim. The Executive shall give the Executive’s Notice as soon as practicable, but no later than the earlier of (i) 10 business days after the Executive first obtains actual knowledge of such IRS Claim or (ii) five business days before after the IRS Claim Deadline; provided, however, that the Executive’s failure to give such notice shall affect the Company’s obligations under this Article only to the extent that the Company is actually prejudiced by such failure. If at least one business day before the IRS Claim Deadline the Company shall:
Appears in 1 contract