Common use of Repayment of Disallowed Expenses Clause in Contracts

Repayment of Disallowed Expenses. In the event that any expenses paid for Executive or any reimbursement of expenses paid to Executive shall, on audit or other examination of Company's income tax returns, be determined not to be allowable deductions from Company's gross income, and in the further event that this determination shall be acceded to by the Company or made final by the appropriate federal or state taxing authority or a final judgment of a court of competent jurisdiction, and no appeal is taken from the judgment or the applicable period for filing notice of appeal has expired, Executive shall repay to Company the full amount of the disallowed expenses.

Repayment of Disallowed Expenses. In the event that any expenses paid for Executive or any reimbursement of expenses paid to Executive shall, on audit or other examination of Company's income tax returns, be determined not to be allowable deductions from Company's gross income, and in the further event that this determination shall be acceded to by the Company or made final by the appropriate federal or state taxing authority or a final judgment of a court of competent jurisdiction, and no appeal is taken from the judgment or the applicable period for filing notice of appeal has expired, Executive shall repay to Company the full amount of the disallowed expenses. 8.

Repayment of Disallowed Expenses. In the event that any expenses paid for Executive or any reimbursement of expenses paid to Executive shall, on audit or other examination of Company's ’s income tax returns, be determined not to be allowable deductions from Company's ’s gross income, and in the further event that this determination shall be acceded to by the Company or made final by the appropriate federal or state taxing authority or a final judgment of a court of competent jurisdiction, and no appeal is taken from the judgment or the applicable period for filing notice of appeal has expired, Executive shall repay to Company the full amount of the disallowed expenses.