Common use of Amount Increased or Contested Clause in Contracts

Amount Increased or Contested. The Executive shall notify the Company in writing of any claim by the IRS or other taxing authority that, if successful, would require the payment by the Company of a Gross-up Payment. Such notice shall include the nature of such claim and the date on which such claim is due to be paid. The Executive shall give such notice as soon as practicable, but no later than 10 business days, after the Executive first obtains actual knowledge of such claim; provided, however, that any failure to give or delay in giving such notice shall affect the Company's obligations under this Article only if and to the extent that such failure results in actual prejudice to the Company. The Executive shall not pay such claim less than 30 days after the Executive gives such notice to the Company (or, if sooner, the date on which payment of such claim is due). If the Company notifies the Executive in writing before the expiration of such period that it desires to contest such claim, the Executive shall:

Appears in 7 contracts

Samples: Employment Agreement (Russell Corp), Change of Control Severance Agreement (Fingerhut Companies Inc), Exhibit 15 (Fingerhut Companies Inc)

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Amount Increased or Contested. The Executive shall notify the Company Corporation in writing of any claim by the IRS or other taxing authority that, if successful, would require the payment by the Company Corporation of a Gross-up Payment. Such notice shall include the nature of such claim and the date on which such claim is due to be paid. The Executive shall give such notice as soon as practicable, but no later than 10 business days, after the Executive first obtains actual knowledge of such claim; provided, however, that any failure to give or delay in giving such notice shall affect the CompanyCorporation's obligations under this Article Section only if and to the extent that such failure results in actual prejudice to the CompanyCorporation. The Executive shall not pay such claim less than 30 days after the Executive gives such notice to the Company Corporation (or, if sooner, the date on which payment of such claim is due). If the Company Corporation notifies the Executive in writing before the expiration of such period that it desires to contest such claim, the Executive shall:

Appears in 2 contracts

Samples: Employment Agreement (Thomas & Betts Corp), Employment Agreement (Thomas & Betts Corp)

Amount Increased or Contested. The Executive shall notify the Company in writing of any claim by the IRS or other taxing authority that, if successful, would require the payment by the Company of a Gross-up Payment. Such notice shall include the nature of such claim and the date on which such claim is due to be paid. The Executive shall give such notice as soon as practicable, but no later than 10 ten (10) business days, days after the Executive first obtains actual knowledge of such claimclaims; provided, however, that any failure to give or delay in giving such notice shall affect the Company's obligations under this Article VII only if and to the extent that such failure results in actual prejudice to the Company. The Executive shall not pay such claim less than 30 thirty (30) days after the Executive gives such notice to the Company (or, if sooner, the date on which payment of such claim is due). If the Company notifies the Executive in writing before the expiration of such period that it desires to contest such claim, the Executive shall:

Appears in 2 contracts

Samples: Employment Agreement (Barneys New York Inc), Exhibit 3 Employment Agreement (Questrom Allen)

Amount Increased or Contested. The Executive shall notify the Company in writing of any claim by the IRS or other taxing authority that, if successful, would require the payment by the Company of a Gross-up Payment. Such notice shall include the nature of such claim and the date on which such claim is due to be paid. The Executive shall give such notice as soon as practicable, but no later than 10 ten (10) business days, after the Executive first obtains actual knowledge of such claim; provided, however, that any failure to give or delay in giving such notice shall affect the Company's ’s obligations under this Article only if and to the extent that such failure results in actual prejudice to the Company. The Executive shall not pay such claim less than 30 thirty (30) days after the Executive gives such notice to the Company (or, if sooner, the date on which payment of such claim is due). If the Company notifies the Executive in writing before the expiration of such period that it desires to contest such claim, the Executive shall:

Appears in 2 contracts

Samples: Employment Agreement (McDonalds Corp), McDonalds Corp

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Amount Increased or Contested. The Executive shall notify the Company in writing of any claim by the IRS or other taxing authority that, if successful, would require the payment by the Company of a Gross-up Payment. Such notice shall include the nature of such claim and the date on which such claim is due to be paid. The Executive shall give such notice as soon as practicable, but no later than 10 business days, after the Executive first obtains actual knowledge of such claim; provided, however, that any failure to give or delay in giving such notice shall affect the Company's ’s obligations under this Article only if and to the extent that such failure results in actual prejudice to the Company. The Executive shall not pay such claim less than 30 thirty (30) days after the Executive gives such notice to the Company (or, if sooner, the date on which payment of such claim is due). If the Company notifies the Executive in writing before the expiration of such period that it desires to contest such claim, the Executive shall:

Appears in 1 contract

Samples: Employment Agreement (Russell Corp)

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