Common use of SELECTION OF C Clause in Contracts

SELECTION OF C. P.A. Within fifteen (15) days after any termination of Executive's employment following a Change of Control, the majority of the Continuing Directors as of the date immediately prior to the Change of Control shall select a certified public accounting firm (the "C.P.A.") to determine the amount, if any, of the Excise Tax and the amount, if any, of the Gross-Up Payments.

Appears in 11 contracts

Samples: Employment Agreement (Cpi Corp), Employment Agreement (Cpi Corp), Employment Agreement (Cpi Corp)

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SELECTION OF C. P.A. Within fifteen (15) days after any termination of Executive's employment following the occurrence of a Change of Controltransaction that causes an Excise Tax to become due, the majority of the Continuing Directors as of the date immediately prior to the Change of Control such a transaction shall select a certified public accounting firm (the "C.P.A.") reasonably acceptable to Executive to determine the amount, if any, of the Excise Tax and the amount, if any, of the Gross-Up Payments.

Appears in 1 contract

Samples: Employment Agreement (Cpi Corp)

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