Common use of Determinations Shall Be Made by the Accounting Firm Clause in Contracts

Determinations Shall Be Made by the Accounting Firm. Subject to the provisions of section 5.3(a), all determinations required to be made under this section 5.3(b) – including whether and when a Gross-Up Payment Amount is required, the amount of the Gross-Up Payment Amount and the assumptions to be used to arrive at the determination (collectively, the “Determination”) – shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Employer and the Executive within 15 business days after receipt of notice from the Employer or the Executive that there has been a Gross-Up Payment Amount, or such earlier time as is requested by the Employer.

Appears in 22 contracts

Samples: Merger Agreement (AB&T Financial CORP), Employment Agreement (1st Financial Services CORP), Employment Agreement (1st Financial Services CORP)

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Determinations Shall Be Made by the Accounting Firm. Subject to the provisions of section 5.3(aSection 7.14(a), all determinations required to be made under this section 5.3(bSection 7.14(b) – including whether and when a Gross-Up Payment Amount is required, the amount of the Gross-Up Payment Amount and the assumptions to be used to arrive at the determination (collectively, the “Determination”) – shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Employer Bank and the Executive within 15 business days after receipt of notice from the Employer Bank or the Executive that there has been a Gross-Up Payment Amount, or such earlier time as is requested by the EmployerBank.

Appears in 6 contracts

Samples: Salary Continuation Agreement (Midcarolina Financial Corp), Salary Continuation Agreement (Midcarolina Financial Corp), Salary Continuation Agreement (Bank of Wilmington CORP)

Determinations Shall Be Made by the Accounting Firm. Subject to the provisions of section 5.3(a), all determinations required to be made under this section 5.3(b) – including whether and when a Gross-Up Payment Amount is required, the amount of the Gross-Up Payment Amount Amount, and the assumptions to be used to arrive at the determination (collectively, the “Determination”) – shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Employer and the Executive within 15 at least 30 business days after receipt before the date of notice from the Employer or the Executive that there has been a Gross-Up Payment AmountChange in Control, or such earlier time as is requested by the Employer.

Appears in 6 contracts

Samples: Employment Agreement (CenterState Banks, Inc.), Employment Agreement (CenterState Banks, Inc.), Employment Agreement (CenterState Banks, Inc.)

Determinations Shall Be Made by the Accounting Firm. Subject to the provisions of section 5.3(a7.14(a), all determinations required to be made under this section 5.3(b7.14(b) – including whether and when a Gross-Up Payment Amount is required, the amount of the Gross-Up Payment Amount and the assumptions to be used to arrive at the determination (collectively, the “Determination”) – shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Employer Bank and the Executive within 15 business days after receipt of notice from the Employer Bank or the Executive that there has been a Gross-Up Payment Amount, or such earlier time as is requested by the EmployerBank.

Appears in 5 contracts

Samples: Salary Continuation Agreement (1st Financial Services CORP), Salary Continuation Agreement (1st Financial Services CORP), Salary Continuation Agreement (1st Financial Services CORP)

Determinations Shall Be Made by the Accounting Firm. Subject to the provisions of section 5.3(a), all determinations required to be made under this section 5.3(b) – including whether and when a Gross-Up Payment Amount is required, the amount of the Gross-Up Payment Amount and the assumptions to be used to arrive at the determination (collectively, the “Determination”) – shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Employer and the Executive within 15 business days after receipt of notice from the Employer or the Executive that there has been a Gross-Up Payment Amount, or such earlier time as is requested by the Employer.. Fees and

Appears in 3 contracts

Samples: Employment Agreement (Tidelands Bancshares Inc), Employment Agreement (Tidelands Bancshares Inc), Employment Agreement (Tidelands Bancshares Inc)

Determinations Shall Be Made by the Accounting Firm. Subject to the provisions of section 5.3(aSection 2(b), all determinations required to be made under this section 5.3(bSection 2(c) – including whether and when a Gross-Up Payment Amount is required, the amount of the Gross-Up Payment Amount and the assumptions to be used to arrive at the determination (collectively, the “Determination”) – shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Employer MidCarolina and the Executive within 15 business days after receipt of notice from the Employer MidCarolina or the Executive that there has been a Gross-Up Payment Amount, or such earlier time as is requested by the EmployerMidCarolina.

Appears in 2 contracts

Samples: Severance Agreement (Midcarolina Financial Corp), Severance Agreement (Midcarolina Financial Corp)

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Determinations Shall Be Made by the Accounting Firm. Subject to the provisions of section 5.3(aParagraph 8(i)(a), all determinations required to be made under this section 5.3(bParagraph 8(i)(b) – including whether and when a Gross-Up Payment Amount is required, the amount of the Gross-Up Payment Amount and the assumptions to be used to arrive at the determination (collectively, the “Determination”) – shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Employer Bank and the Executive Officer within 15 business days after receipt of notice from the Employer Bank or the Executive Officer that there has been a Gross-Up Payment Amount, or such earlier time as is requested by the EmployerBank.

Appears in 1 contract

Samples: Employment Agreement (Oak Ridge Financial Services, Inc.)

Determinations Shall Be Made by the Accounting Firm. Subject to the provisions of section 5.3(aSection 7.4(a), all determinations required to be made under this section 5.3(bSection 7.4(b) B including whether and when a Gross-Up Payment Amount is required, the amount of the Gross-Up Payment Amount and the assumptions to be used to arrive at the determination (collectively, the “Determination”) B shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Employer Crescent and the Executive within 15 business days after receipt of notice from the Employer Crescent or the Executive that there has been a Gross-Up Payment Amount, or such earlier time as is requested by the EmployerCrescent.

Appears in 1 contract

Samples: Employment Agreement (Crescent Financial Corp)

Determinations Shall Be Made by the Accounting Firm. Subject to the provisions of section 5.3(aSection 7.4(a), all determinations required to be made under this section 5.3(bSection 7.4(b) – including whether and when a Gross-Up Payment Amount is required, the amount of the Gross-Up Payment Amount and the assumptions to be used to arrive at the determination (collectively, the “Determination”) – shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to the Employer Bank and the Executive within 15 business days after receipt of notice from the Employer Bank or the Executive that there has been a Gross-Up Payment Amount, or such earlier time as is requested by the EmployerBank.

Appears in 1 contract

Samples: Employment Agreement (Bank of Wilmington CORP)

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