Interest on Delayed Payments. If any payment is delayed by application of the six-month delay rule under Section 5(d) or a delay resulting from the application of Section 5(b)(iii) or 5(c)(iii), interest will accrue on such unpaid amount at a rate equal to the short-term applicable federal rate (with semiannual compounding) established by the Internal Revenue Service under Section 1274(b)(2)(B) of the Internal Revenue Code and in effect at the date the amount would have been paid but for the six-month delay rule hereunder.
Appears in 4 contracts
Samples: Control Agreement (Bristol Myers Squibb Co), Control Agreement (Mead Johnson Nutrition Co), Change (Mead Johnson Nutrition Co)
Interest on Delayed Payments. If any payment is delayed by application of the six-month delay rule under Section 5(d10(d) or a delay resulting from the application of Section 5(b)(iii10(b)(iii) or 5(c)(iii10(c)(iii), interest will accrue on such unpaid amount at a rate equal to the short-term applicable federal rate (with semiannual compounding) established by the Internal Revenue Service under Section 1274(b)(2)(B) of the Internal Revenue Code and in effect at the date the amount would have been paid but for the six-month delay rule hereunder.
Appears in 2 contracts
Samples: Share Purchase Agreement (Magellan Health Inc), Employment Agreement (Magellan Health Inc)
Interest on Delayed Payments. If any payment is delayed by application of the six-month delay rule under Section 5(d) or a delay resulting from the application of Section 5(b)(iii) or 5(c)(iii), interest will accrue on such unpaid amount at a rate equal to the short-term applicable federal rate (with semiannual compounding) established by the Internal Revenue Service under Section 1274(b)(2)(B) of the Internal Revenue Code and in effect at the date the amount would have been paid but for the six-month delay rule hereunder.
Appears in 1 contract
Samples: Change in Control Agreement (Bristol Myers Squibb Co)
