Common use of Determinations Shall Be Made by the Accounting Firm Clause in Contracts

Determinations Shall Be Made by the Accounting Firm. Subject to the provisions of Section 5.4(a), all determinations required to be made under this Section 5.4(b) – including whether and when a Gross-Up Payment Amount is required, the amount of the Gross-Up Payment Amount and the assumptions to be used to arrive at the determination (collectively, the “Determination”) – shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to Southern Community Financial Corporation and the Executive within 15 business days after receipt of notice from Southern Community Financial Corporation or the Executive that there has been a Gross-Up Payment Amount, or such earlier time as is requested by Southern Community Financial Corporation.