IRS Claims. The Executive shall notify NMHC in writing of any claim by the IRS that, if successful, would require the payment by NMHC of a Gross-Up Payment. Such notification shall be given as soon as practicable, but no later than ten business days after the Executive is informed in writing of such claim and shall apprise NMHC of the nature of such claim and the date on which such claim is requested to be paid. The failure of the Executive to give the notice provided in the immediately preceding sentence by the date specified therein shall not affect NMHC’s obligations hereunder except to the extent NMHC is prejudiced thereby. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which Executive gives such notice to NMHC (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If NMHC notifies the Executive in writing prior to the expiration of such period that it desires to contest such claim, the Executive shall:
Appears in 4 contracts
Samples: Employment Agreement (National Medical Health Card Systems Inc), Employment Agreement (National Medical Health Card Systems Inc), Employment Agreement (National Medical Health Card Systems Inc)
