Common use of Selection of Independent Appraiser Clause in Contracts

Selection of Independent Appraiser. Whenever the appraised value of ---------------------------------- Executive's obligations under Sections 3.1.3 and/or 3.2 must be determined pursuant to Section 3.3, Executive and CPC shall, within ten (10) business days following termination of Executive's employment, select an independent third party (either an experienced tax counsel or a nationally recognized accounting firm) to perform that appraisal. Should Executive and CPC be unable to mutually agree upon the selection of such third party, then the Compensation Committee of the Board shall designate a nationally recognized accounting firm to perform such appraisal, provided such firm has not previously served as CPC's independent auditors or provided prior tax advice to Executive on personal matters.

Selection of Independent Appraiser. Whenever the appraised value of ---------------------------------- Executive's Xxxxx'x obligations under Sections 3.1.3 and/or 3.2 must be determined pursuant to Section 3.3, Executive Xxxxx and CPC shall, within ten (10) business days following termination of Executive's Xxxxx'x employment, select an independent third party (either an experienced tax counsel or a nationally recognized accounting firm) to perform that appraisal. Should Executive Xxxxx and CPC be unable to mutually agree upon the selection of such third party, then the Compensation Committee of the Board Xxxxx shall designate a nationally recognized accounting firm to perform such appraisal, provided such firm has not previously served as CPC's independent auditors or provided prior tax advice to Executive Xxxxx on personal matters.