Common use of Claims by the IRS Clause in Contracts

Claims by the IRS. You shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-up Payment. Such notification shall be given as soon as practicable, but no later than fifteen (15) business days after you are informed in writing of such claim. You shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. You shall not pay such claim prior to the expiration of the thirty (30) calendar day period following the date on which you give such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies you in writing prior to the expiration of such period that the Company desires to contest such claim, you shall:

Claims by the IRS. You The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-up Up Payment. Such notification shall be given as soon as practicable, but no later than fifteen (15) 10 business days after you are the Executive is informed in writing of such claim. You The Executive shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. You The Executive shall not pay such claim prior to the expiration of the thirty (30) calendar -day period following the date on which you give the Executive gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies you the Executive in writing prior to the expiration of such period that the Company desires to contest such claim, you the Executive shall:

Claims by the IRS. You The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-up Up Payment. Such notification shall be given as soon as practicable, but no later than fifteen (15) 30 business days after you are the Executive is informed in writing of such claim. You The Executive shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. You The Executive shall not pay such claim prior to the expiration of the thirty (30) calendar -day period following the date on which you give the Executive gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies you the Executive in writing prior to the expiration of such period that the Company desires to contest such claim, you the Executive shall: