Common use of Procedures With Respect to IRS Claims Clause in Contracts

Procedures With Respect to IRS Claims. You shall notify Aetna in writing of any claim by the Internal Revenue Service relating to any unpaid excise tax applicable to the Payments. Such notification shall be given as soon as practicable but no later than twenty business days after you know of such claim and shall apprise Aetna of the nature of such claim, any assessment under such claim and the date on which such assessment is requested to be paid. You shall not pay such claim prior to the expiration of the thirty day period following the date on which you give such notice to Aetna (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If Aetna notifies you in writing prior to the expiration of such period that it desires to contest such claim, you shall: (a) give Aetna any information reasonably requested by Aetna relating to such claim, (b) take such action in connection with contesting such claim as Aetna shall reasonably request in writing from time to time including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by Aetna, (c) cooperate with Aetna in good faith in order to effectively contest such claim, and (d) permit Aetna to participate in any proceedings relating to such claim;

Procedures With Respect to IRS Claims. You (a) Executive shall notify Aetna the Company in writing of any claim by the Internal Revenue Service relating to any unpaid excise tax applicable to the Payments. Such notification shall be given as soon as practicable but no later than twenty business days after you know Executive knows of such claim and shall apprise Aetna the Company of the nature of such claim, any assessment under such claim and the date on which such assessment is requested to be paid. You Executive shall not pay such claim prior to the expiration of the thirty thirty-day period following the date on which you give Executive gives such notice to Aetna the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). . (b) If Aetna the Company notifies you Executive in writing prior to the expiration of such period that it desires to contest such claim, you Executive shall: (ai) give Aetna the Company any information reasonably requested by Aetna the Company relating to such claim, , (bii) take such action in connection with contesting such claim as Aetna the Company shall reasonably request in writing from time to time including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by Aetnathe Company, (c) cooperate with Aetna in good faith in order to effectively contest such claim, and (d) permit Aetna to participate in any proceedings relating to such claim;