Common use of Amount Increased or Contested Clause in Contracts

Amount Increased or Contested. The Executive shall notify Stilwell in writing of any claim by the XXX xx other taxing authority that, if successful, would require the payment by Stilwell of a Gross-up Payment. Such nxxxxx xxall 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 Stilwell's obligations under this Paragxxxx 0 xxxy if and to the extent that such failure results in actual prejudice to Stilwell. The Executive shall not pay xxxx xxxim less than 30 days after the Executive gives such notice to Stilwell (or, if sooner, the date on whxxx xxxxent of such claim is due). If Stilwell notifies the Executive in writxxx xxxxre the expiration of such period that it desires to contest such claim, the Executive shall:

Appears in 2 contracts

Samples: Employment Agreement (Stilwell Financial Inc), Employment Agreement (Stilwell Financial Inc)

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Amount Increased or Contested. The Executive shall notify Stilwell in writing of any claim by the XXX xx IRS or other taxing authority thatauthoritx xxxx, if successful, would require the payment by Stilwell of a Gross-up Payment. Such nxxxxx xxall notice shall include the nature of such xx xxxx 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 Stilwell's obligations under this Paragxxxx 0 xxxy Paragraph 7 only if and to the extent that such extxxx xxxx xuch failure results in actual prejudice to Stilwell. The Executive shall not pay xxxx xxxim such claim less than 30 thirty (30) cxxxxxxx days after the Executive gives such notice to Stilwell (or, if sooner, the date on whxxx xxxxent which payment of such claim is duexxx). If Xx Stilwell notifies the Executive in writxxx xxxxre writing before the expiration of such period xxxxxx that it desires to contest such claim, the Executive shall:

Appears in 2 contracts

Samples: Employment Agreement (Janus Capital Group Inc), Employment Agreement (Janus Capital Group Inc)

Amount Increased or Contested. The Executive shall notify Stilwell in writing of any claim by the XXX xx IRS or other taxing authority authoritx that, if successful, would require the payment by Stilwell of a Gross-up Payment. Such nxxxxx xxall notice shall include the nature txx xxxxxe 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 Stilwell's obligations under this Paragxxxx 0 xxxy Paragraph 7 only if and to the extent tx xxx xxxxnt that such failure results in actual prejudice to Stilwell. The Executive shall not pay xxxx xxxim such claim less than 30 thirty (30) calendar days after the Executive gives such notice to Stilwell (or, if sooner, the date on whxxx xxxxent which payment of such claim is xxxxx xx due). If Stilwell notifies the Executive in writxxx xxxxre writing before the expiration of such expiratiox xx xxxh period that it desires to contest such claim, the Executive shall:

Appears in 1 contract

Samples: Employment Agreement (Janus Capital Group Inc)

Amount Increased or Contested. The Executive shall notify Stilwell in writing of any claim by the XXX xx xxx IRS or other taxing authority that, if successful, would require the payment by Stilwell of a Gross-up Payment. Such nxxxxx xxall Xxxx xxtice 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 Stilwell's obligations under this Paragxxxx 0 xxxy thix Xxxxxxxxh 7 only if and to the extent that such failure results in actual prejudice to Stilwell. The Executive shall not pay xxxx xxxim nxx xxx xuch claim less than 30 days after the Executive gives such notice to Stilwell (or, if sooner, the date on whxxx xxxxent datx xx xxxch payment of such claim is due). If Stilwell notifies the Executive in writxxx xxxxre xx xxxxxng before the expiration of such period that it desires to contest such claim, the Executive shall:

Appears in 1 contract

Samples: Employment Agreement (Stilwell Financial Inc)

Amount Increased or Contested. The Executive shall notify Stilwell in writing of any claim by the XXX claxx xx xxe IRS or other taxing authority that, if successful, would require the payment by Stilwell of a Gross-up Payment. Such nxxxxx xxall Xxxx 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 Stilwell's obligations under this Paragxxxx 0 xxxy txxx Xxxxxxaph 7 only if and to the extent that such failure results in actual prejudice to Stilwell. The Executive shall not pay xxxx xxxim xxx xxx such claim less than 30 days after the Executive gives such notice to Stilwell (or, if sooner, the date on whxxx xxxxent dxxx xx xhich payment of such claim is due). If Stilwell notifies the Executive in writxxx xxxxre Executivx xx xxxting before the expiration of such period that it desires to contest such claim, the Executive shall:

Appears in 1 contract

Samples: Employment Agreement (Stilwell Financial Inc)

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Amount Increased or Contested. The Executive shall notify Stilwell in writing of any claim by the XXX xx IRS or other taxing authority thatauthorixx xxxx, if successful, would require the payment by Stilwell of a Gross-up Payment. Such nxxxxx xxall notice shall include the nature of such naturx xx xxxh 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 Stilwell's obligations under this Paragxxxx 0 xxxy Paragraph 7 only if and to the extent that exxxxx xxxx such failure results in actual prejudice to Stilwell. The Executive shall not pay xxxx xxxim such claim less than 30 thirty (30) xxxxxxxx days after the Executive gives such notice to Stilwell (or, if sooner, the date on whxxx xxxxent which payment of such claim is duexxx). If Xf Stilwell notifies the Executive in writxxx xxxxre writing before the expiration of such period sucx xxxxxx that it desires to contest such claim, the Executive shall:

Appears in 1 contract

Samples: Employment Agreement (Janus Capital Group Inc)

Amount Increased or Contested. The Executive shall notify Stilwell in writing of any claim by cxxxx xx the XXX xx IRS or other taxing authority that, if successful, would require the payment by Stilwell of a Gross-up Payment. Such nxxxxx xxall Xxxx 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 Stilwell's obligations under this Paragxxxx 0 xxxy xxxx Xxxxxraph 7 only if and to the extent that such failure results in actual prejudice to Stilwell. The Executive shall not pay xxxx xxxim shalx xxx xxy such claim less than 30 days after the Executive gives such notice to Stilwell (or, if sooner, the date on whxxx xxxxent thx xxxx xn which payment of such claim is due). If Stilwell notifies the Executive in writxxx xxxxre Executxxx xx xriting before the expiration of such period that it desires to contest such claim, the Executive shall:

Appears in 1 contract

Samples: Employment Agreement (Stilwell Financial Inc)

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