Auditors’ Determination. All determinations required to be made under this Article shall be made by the independent outside certified public accounting firm last used by the Company before the event described in Code Section 280G giving rise to the excise tax, or such other certified public accounting firm as the parties shall mutually agree, which auditors shall provide detailed supporting calculations to the Company and Employee. In computing taxes, the auditors shall use the highest marginal federal, state and local income tax rates applicable to Employee and shall assume the phase out of personal exemptions and personal deductions to the extent projected to be applicable to Employee for purposes of computing federal income tax liability.
Appears in 7 contracts
Samples: Income Security Agreement (Adams Respiratory Therapeutics, Inc.), Income Security Agreement (Adams Laboratories, Inc.), Income Security Agreement (Adams Laboratories, Inc.)
