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The Accounting Firm will provide detailed supporting calculations both to the Company and the Executive within fifteen (15) business days of the receipt of notice from the Executive that there has been a Payment, or such earlier time as is reasonably requested by the Company. In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting a Change of Control (as hereinafter defined), the Executive will be entitled to appoint another nationally recognized accounting firm to make the determinations required under this paragraph (which accounting firm will then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting Firm will be paid by the Company. Any Gross-Up Payment required to be paid under this paragraph 4.5 will be paid by the Company to the Executive within five (5) days of the receipt of the Accounting Firm\u2019s determination. Any determination by the Accounting Firm will be binding on the Company and the Executive. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm, the Gross-Up Payment made by the Company may be less than actually required (an \u201cUnderpayment\u201d) consistent with the calculations required to be made hereunder. In the event that the Company exhausts its remedies pursuant to paragraph 4.5.2 below and the Executive thereafter is required to make a payment of any Excise Tax, the Accounting Firm will determine the amount of the Underpayment that has occurred and any such Underpayment will be promptly paid by the Company to or for the benefit of the Executive.", "hash": "7aaac53c659d2c6fb78bccc5714e28db", "id": 6}, {"snippet_links": [{"key": "references-to", "type": "clause", "offset": [0, 13]}, {"key": "by-the-agent", "type": "clause", "offset": [36, 48]}, {"key": "the-lenders", "type": "clause", "offset": [52, 63]}, {"key": "in-the-case", "type": "clause", "offset": [141, 152]}, {"key": "such-determination", "type": "definition", "offset": [284, 302]}, {"key": "manifest-error", "type": "definition", "offset": [330, 344]}], "size": 51, "samples": [{"hash": "3nbQIZ3bVzp", "uri": "/contracts/3nbQIZ3bVzp#determination", "label": "Credit Agreement (Covance Inc)", "score": 23.42710495, "published": 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"contained-in", "type": "definition", "offset": [139, 151]}, {"key": "absolute-discretion", "type": "clause", "offset": [204, 223]}, {"key": "the-determination", "type": "clause", "offset": [245, 262]}], "size": 33, "samples": [{"hash": "kUJotR1Y58Z", "uri": "/contracts/kUJotR1Y58Z#determination", "label": "Credit Agreement (Morningstar, Inc.)", "score": 33.8213539124, "published": true}, {"hash": "a6HRtCUzQK0", "uri": "/contracts/a6HRtCUzQK0#determination", "label": "Credit Agreement (Morningstar, Inc.)", "score": 33.8213539124, "published": true}, {"hash": "j4jXspuvtrw", "uri": "/contracts/j4jXspuvtrw#determination", "label": "Credit Agreement (Morningstar, Inc.)", "score": 33.5722122192, "published": true}], "snippet": "Except as otherwise expressly provided in this Section 3.08, a reference to \u201cdetermines\u201d or \u201cdetermined\u201d in connection with tax provisions contained in this Section 3.08 means a determination made in the absolute discretion of the person making 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"Landlord shall deliver to Tenant notice confirming the Fair Market Rental Rate (the \"FMRR Notice\") for the space in question (the ----------- \"Space\") or extension of the Term (an \"Extension\") within 20 days after Tenant ------ --------- exercises the option giving rise for the need to determine the Fair Market Rental Rate. If Tenant disagrees with Landlord's assessment of the Fair Market Rental Rate specified in a FMRR Notice, then it shall so notify Landlord in writing within ten days after delivery of such FMRR Notice; otherwise, the rate set forth in such notice shall be the Fair Market Rental Rate. If Tenant timely delivers to Landlord written notice that it disagrees with Landlord's assessment of the Fair Market Rental Rate, then Landlord and Tenant shall meet to attempt to determine the Fair Market Rental Rate. If Tenant and Landlord are unable to agree on such Fair Market Rental Rate within ten days after Tenant notifies Landlord of its disagreement with Landlord's assessment thereof, then (within the next ten days) Landlord and Tenant shall jointly appoint an independent MAI real estate appraiser with at least five-years' commercial real estate appraisal experience in the Market Area and submit their respective assessments of the Fair Market Rental Rate to the appraiser. If the parties are unable to agree on an independent real estate appraiser, then either party may apply to any Dallas, Texas office of the American Arbitration Association (the \"AAA\") to appoint an --- appraiser having the qualifications described in the previous sentence. The AAA's selection of the appraiser shall be binding on Landlord and Tenant. The appraiser shall then, within ten days after his designation, select the assessment (i.e., either Landlord's or Tenant's) that is closest to his determination of the Fair Market Rental Rate, which assessment shall then be the Fair Market Rental Rate for the Space in question or Extension (as applicable). The party whose assessment was not chosen by the appraiser shall pay the fees and expenses of the appraiser.", "hash": "ef9687cbb105717b67f283dcdf4b4216", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZkZXRlcm1pbmF0aW9uIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["indemnification-procedures", "Indemnification Procedures"], ["indemnification-procedure", "Indemnification Procedure"], ["valuation", "Valuation"], ["construction", "Construction"], ["hours-of-work", "Hours of Work"]], "size": 2927, "title": "Determination", "children": [["", ""], ["determination-of-charge-per-reach-to-the-contractor", "Determination of Charge Per Reach to the Contractor"], ["determination-of-charge-per-acre-foot", "Determination of Charge Per Acre-Foot"], ["awp", "AWP"], ["\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587-state-patrol-cveo", "\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 State Patrol CVEO"]], "id": "determination", "related": [["final-determination", "Final Determination", "Final <strong>Determination</strong>"], ["expert-determination", "Expert Determination", "Expert <strong>Determination</strong>"], ["independent-price-determination", "INDEPENDENT PRICE DETERMINATION", "INDEPENDENT PRICE <strong>DETERMINATION</strong>"], ["eligibility-determination", "Eligibility Determination", "Eligibility <strong>Determination</strong>"], ["challenge-to-good-faith-determination", "Challenge to Good Faith Determination", "Challenge to Good Faith <strong>Determination</strong>"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00", "also_ask": ["What are the essential elements that must be included in a Determination clause to ensure clarity and enforceability?", "How can the Determination clause be strategically drafted to favor my client\u2019s interests in dispute scenarios?", "What are the most common risks or ambiguities in Determination clauses that could undermine their effectiveness?", "How do courts typically interpret and enforce Determination clauses in similar contracts?", "How does the Determination clause in this agreement compare to industry standards or statutory requirements?"], "drafting_tip": "Specify the criteria for determination to avoid ambiguity; assign decision-making authority to ensure clarity; outline the process to facilitate enforceability.", "explanation": "The Determination clause sets out the process by which a contract or agreement may be brought to an end before its natural completion. Typically, this clause outlines the circumstances under which one or both parties can terminate the contract, such as for breach, insolvency, or mutual agreement, and may specify notice requirements or procedures to be followed. Its core practical function is to provide a clear and agreed-upon mechanism for ending the contractual relationship, thereby reducing uncertainty and potential disputes if the need for early termination arises."}, "json": true, "cursor": ""}}