Common use of Initial Gross-Up Payment Clause in Contracts

Initial Gross-Up Payment. In the event that the Accounting Firm determines a Gross-Up Payment is owed to Executive under Section 5.1, the Company shall pay to Executive the amount of the Gross-Up Payment determined by the Accounting Firm within 10 days of the Company's receipt of such determination, subject to the requirements of Section 7.2 and all of the rights and obligations as set forth in Section 5 of this Agreement.

Appears in 5 contracts

Samples: Retention Agreement (Micron Electronics Inc), Retention Agreement (Micron Electronics Inc), Retention Agreement (Micron Electronics Inc)

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