Subsequent Recalculation. In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.
Appears in 13 contracts
Samples: Change in Control Agreement (Cullen/Frost Bankers, Inc.), Change in Control Agreement (Cullen/Frost Bankers, Inc.), Executive Severance Agreement (Cullen/Frost Bankers, Inc.)
Subsequent Recalculation. In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 Article 9.4 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Compensation Committee, within 30 days after such adjustment.
Appears in 9 contracts
Samples: Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc)
Subsequent Recalculation. In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 6.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustmentnational tax counsel referred to above.
Appears in 7 contracts
Samples: Executive Severance Agreement (Cobalt Corp), Executive Severance Agreement (Cobalt Corp), Executive Severance Agreement (Cobalt Corp)
Subsequent Recalculation. In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 8.4 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Compensation Committee, within 30 days after such adjustment.
Appears in 6 contracts
Samples: Employment Agreement (Carmax Inc), Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc)
Subsequent Recalculation. In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein 4.2 hereof, so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a an appropriate market rate of interest, as determined by the Committee, within 30 days after such adjustmentCompany’s independent auditors.
Appears in 6 contracts
Samples: Employment Agreement (Encorium Group Inc), Combination Agreement (Covalent Group Inc), Executive Severance Agreement (Covalent Group Inc)
Subsequent Recalculation. In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 Article 9.4 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Compensation and Personnel Committee, within 30 days after such adjustment.
Appears in 3 contracts
Samples: Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc)
Subsequent Recalculation. In the event the Internal Revenue Service adjusts the computation of the Company under Section Paragraph 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.
Appears in 3 contracts
Samples: Executive Severance Agreement (Lee Sara Corp), Executive Severance Agreement (Earthgrains Co /De/), Executive Severance Agreement (Earthgrains Co /De/)
Subsequent Recalculation. In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 2.4 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Human Resources and Planning Committee, within 30 days after such adjustment.
Appears in 2 contracts
Samples: Change of Control Agreement (Providence Energy Corp), Change of Control Agreement (Providence Energy Corp)
Subsequent Recalculation. In the event If the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest intended net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus including a market rate of interest, as determined by the Committee, within 30 days after such adjustment.
Appears in 2 contracts
Samples: Severance Agreement (Applied Films Corp), Severance Agreement (Applied Films Corp)
Subsequent Recalculation. In the event If the Internal Revenue Service adjusts ------------------------ the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest intended net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus including a market rate of interest, as determined by the Committee, within 30 days after such adjustment.
Appears in 2 contracts
Samples: Severance Agreement (Donnelly Corp), Severance Agreement (Donnelly Corp)
Subsequent Recalculation. In the event If the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest intended net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus including a market rate of interest, interest as determined by the Committee, within 30 days after such adjustment.
Appears in 1 contract
