Accounting Firm’s Opinion Sample Clauses
Accounting Firm’s Opinion. If the Accounting Firm determines that no Excise Tax is payable by the Executive, the Accounting Firm shall furnish the Executive with a written opinion to that effect and to the effect that failure to report Excise Tax, if any, on the Executive’s applicable federal income tax return will not result in the imposition of a negligence or similar penalty.
Accounting Firm’s Opinion. If the Accounting Firm determines that no portion of the Total Payments will constitute a “parachute payment” within the meaning of Section 280G of the Internal Revenue Code, the Accounting Firm shall furnish the Executive with a written opinion to that effect and to the effect that the failure to report any excise tax under Section 280G and Section 4999 of the Internal Revenue Code, if any, on the Executive’s applicable federal income tax return will not result in the imposition of a negligence of similar penalty.