Refunds. If, after receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of such Section) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 13 contracts
Sources: Change in Control Agreement (Invitrogen Corp), Change in Control Agreement (Invitrogen Corp), Change in Control Agreement (Invitrogen Corp)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c), 4.5.2 the Executive becomes entitled to receive any refund with respect to such claim, claim the Executive shall will (subject to the Company’s complying with the requirements of such SectionSection 4.5.2) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)4.5.2, a determination is made that the Executive shall will not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, determination then such the advance shall will be forgiven and shall will not be required to be repaid and the amount of such advance shall will offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 8 contracts
Sources: Employment Agreement (Hastings Entertainment Inc), Employment Agreement (Hastings Entertainment Inc), Employment Agreement (Hastings Entertainment Inc)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)5.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of such SectionSection 5.3) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)5.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 7 contracts
Sources: Executive Severance Benefits Agreement (Cv Therapeutics Inc), Executive Severance Benefits Agreement (Cv Therapeutics Inc), Executive Severance Benefits Agreement (Cv Therapeutics Inc)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)paragraph 4.5.2, the Executive becomes entitled to receive any refund with respect to such claim, claim the Executive shall will (subject to the Company’s complying with the requirements of such Sectionparagraph 4.5.2) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)paragraph 4.5.2, a determination is made that the Executive shall will not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such the advance shall will be forgiven and shall will not be required to be repaid and the amount of such advance shall will offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 7 contracts
Sources: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Hastings Entertainment Inc)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)3.3, the Executive becomes entitled to receive receives any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of such SectionSection 3.3) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)3.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 7 contracts
Sources: Executive Employment Agreement (Ptek Holdings Inc), Executive Employment Agreement (Ptek Holdings Inc), Executive Employment Agreement (Ptek Holdings Inc)
Refunds. If, after the receipt by the Executive of an amount advanced provided by the Company pursuant to Section 11(c9(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of such SectionSection 9(c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced provided by the Company pursuant to Section 11(c9(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and amount shall not be required to be repaid and the amount of such advance shall be offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 7 contracts
Sources: Executive Employment Agreement (Hercules Offshore, Inc.), Executive Employment Agreement (Hercules Offshore, Inc.), Executive Employment Agreement (Hercules Offshore, Inc.)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)7.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of such SectionSection 7.3) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)7.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 5 contracts
Sources: Separation Agreement (St Joe Co), Separation Agreement (St Joe Co), Separation Agreement (St Joe Co)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)5.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s 's complying with the requirements of such SectionSection 5.3) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)5.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 4 contracts
Sources: Executive Severance Benefits Agreement (Cv Therapeutics Inc), Executive Severance Benefits Agreement (Cv Therapeutics Inc), Executive Severance Benefits Agreement (Cv Therapeutics Inc)
Refunds. If, after receipt by the Executive of an amount advanced by the Company F▇▇▇▇▇ pursuant to Section 11(c7.8(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s F▇▇▇▇▇’▇ complying with the requirements of such Section) promptly pay to the Company F▇▇▇▇▇ the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after receipt by the Executive of an amount advanced by the Company F▇▇▇▇▇ pursuant to Section 11(c7.8(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company F▇▇▇▇▇ does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 4 contracts
Sources: Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company Corporation pursuant to Section 11(c)4.5.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the CompanyCorporation’s complying with the requirements of such Sectionsaid Section 4.5.3) promptly pay to the Company Corporation the amount of such refund (together with any interest paid or credited thereon thereon, after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company Corporation pursuant to Section 11(c)4.5.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company Corporation does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid repaid; and the amount of such advance shall offset, to the extent thereof, the amount of the Gross-Up Payment required to be paid.
Appears in 4 contracts
Sources: Employment Agreement (Wellcare Health Plans, Inc.), Employment Agreement (Wellcare Health Plans, Inc.), Employment Agreement (Wellcare Health Plans, Inc.)
Refunds. If, after the receipt by the Executive of an amount ------- advanced by the Company pursuant to Section 11(c)3.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s 's complying with the requirements of such SectionSection 3.3) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)3.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 3 contracts
Sources: Executive Employment Agreement (Premiere Technologies Inc), Executive Employment and Incentive Option Agreement (Premiere Technologies Inc), Executive Employment and Incentive Option Agreement (Premiere Technologies Inc)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)5.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of such SectionSection 5.3) promptly pay to the Company the amount of such refund (together with any interest actually paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)5.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 3 contracts
Sources: Executive Retention Agreement (Myriad Genetics Inc), Executive Retention Agreement (Myriad Genetics Inc), Executive Retention Agreement (Myriad Genetics Inc)
Refunds. If, after receipt by the Executive of an amount advanced by the Company ▇▇▇▇▇▇ pursuant to Section 11(c7.8(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s ▇▇▇▇▇▇'▇ complying with the requirements of such Section) promptly pay to the Company ▇▇▇▇▇▇ the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after receipt by the Executive of an amount advanced by the Company ▇▇▇▇▇▇ pursuant to Section 11(c7.8(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company ▇▇▇▇▇▇ does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 3 contracts
Sources: Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp)
Refunds. If, after the receipt by the Executive of an amount advanced any payment or advance of Excise Taxes by the Company pursuant to Section 11(c)this Article, the Executive becomes entitled to receive receives any refund with respect to such claimExcise Taxes, the Executive shall (subject to the Company’s complying with the any applicable requirements of such SectionSection 8.10) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes Taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)8.10, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) determination within 30 days after the Company receives written notice of such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid. Any contest of a denial of refund shall be controlled by Section 8.10.
Appears in 2 contracts
Sources: Employment Agreement (Exelon Generation Co LLC), Employment Agreement (Commonwealth Edison Co)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c7.3(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of such Section) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c7.3(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 2 contracts
Sources: Employment Agreement (Ryland Group Inc), Employment Agreement (Ryland Group Inc)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)6.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of such SectionSection 6.3) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)6.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 2 contracts
Sources: Employment Agreement (Cv Therapeutics Inc), Employment Agreement (Cv Therapeutics Inc)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company Corporation pursuant to Section 11(c)4.5.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s Corporation's complying with the requirements of such Sectionsaid Section 4.5.3) promptly pay to the Company Corporation the amount of such refund (together with any interest paid or credited thereon thereon, after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company Corporation pursuant to Section 11(c)4.5.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company Corporation does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid repaid; and the amount of such advance shall offset, to the extent thereof, the amount of the Gross-Up Payment required to be paid.
Appears in 2 contracts
Sources: Employment Agreement (Wellcare Health Plans, Inc.), Employment Agreement (Wellcare Health Plans, Inc.)
Refunds. If, after receipt by the Executive of an amount advanced by the Company F▇▇▇▇▇ pursuant to Section 11(c8.8(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s F▇▇▇▇▇’▇ complying with the requirements of such Section) promptly pay to the Company F▇▇▇▇▇ the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after receipt by the Executive of an amount advanced by the Company F▇▇▇▇▇ pursuant to Section 11(c8.8(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company F▇▇▇▇▇ does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 2 contracts
Sources: Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp)
Refunds. If, after the receipt by the Executive of an amount advanced any payment or advance of Excise Taxes by the Company pursuant to Section 11(c)this Article, the Executive becomes entitled to receive receives any refund with respect to such claimExcise Taxes, the Executive shall (subject to the Company’s 's complying with the any applicable requirements of such SectionSection 8.10) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes Taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)8.10, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) determination within 30 days after the Company receives written notice of such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid. Any contest of a denial of refund shall be controlled by Section 8.10.
Appears in 2 contracts
Sources: Employment Agreement (Exelon Corp), Employment Agreement (Commonwealth Edison Co)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)7.6, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s 's complying with the requirements of such SectionSection 7.6) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)7.6, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to determination before the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up up Payment required to be paid. Any contest of a denial of refund shall be controlled by Section 7.6.
Appears in 2 contracts
Sources: Change of Control Agreement (Fingerhut Companies Inc), Change of Control Severance Agreement (Fingerhut Companies Inc)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)paragraph 4.9.2, the Executive becomes entitled to receive any refund with respect to such claim, claim the Executive shall will (subject to the Company’s complying with the requirements of such Sectionparagraph 4.9.2) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)paragraph 4.9.2, a determination is made that the Executive shall will not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such the advance shall will be forgiven and shall will not be required to be repaid and the amount of such advance shall will offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 1 contract
Refunds. If, after receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c10(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of such Section) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c10(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 1 contract
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c6.3(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s 's complying with the requirements of such Section) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c6.3(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 1 contract
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)7.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s 's complying with the requirements of such SectionSection 7.3) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)7.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 1 contract
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c6(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s 's complying with the requirements of such SectionSection 6(c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c6(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 1 contract
Refunds. If, after receipt by the Executive of an amount advanced by the Company ▇▇▇▇▇▇ pursuant to Section 11(c8.8(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s ▇▇▇▇▇▇’▇ complying with the requirements of such Section) promptly pay to the Company ▇▇▇▇▇▇ the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after receipt by the Executive of an amount advanced by the Company ▇▇▇▇▇▇ pursuant to Section 11(c8.8(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company ▇▇▇▇▇▇ does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 1 contract
Refunds. If, after the receipt by the Executive of an amount advanced by the Company Corporation pursuant to Section 11(c)5.5.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the CompanyCorporation’s complying with the requirements of such Sectionsaid Section 5.5.3) promptly pay to the Company Corporation the amount of such refund (together with any interest paid or credited thereon thereon, after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company Corporation pursuant to Section 11(c)5.5.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company Corporation does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid repaid; and the amount of such advance shall offset, to the extent thereof, the amount of the Gross-Up Payment required to be paid.
Appears in 1 contract
Refunds. If, after receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)this section or related sections, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of such Sectionsection) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)this section or related sections, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Gross Up Payment required to be paid.
Appears in 1 contract
Sources: Employment Agreement (Vertis Inc)
Refunds. If, after receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of such Section) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 1 contract
Refunds. If, after the receipt by the Executive of an amount advanced by the Company Corporation pursuant to Section 11(c)2.10.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the CompanyCorporation’s complying with the requirements of such Sectionsaid Section 2.10.3) promptly pay to the Company Corporation the amount of such refund (together with any interest paid or credited thereon thereon, after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company Corporation pursuant to Section 11(c)2.10.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim claim, and the Company Corporation does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid repaid; and the amount of such advance shall offset, to the extent thereof, the amount of the Gross-Up Payment required to be paid.
Appears in 1 contract
Sources: Transition and Separation Agreement (Wellcare Health Plans, Inc.)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)10.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of such SectionSection 10.3) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)10.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 1 contract
Sources: Employment Agreement (St Joe Co)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)paragraph 4.5.2, the Executive becomes entitled to receive any refund with respect to such claim, claim the Executive shall will (subject to the Company’s complying with the requirements of such Sectionparagraph 4.5.2) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)paragraph 4.5.2, a determination is made that the Executive shall will not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such the advance shall will be forgiven and shall will not be required to be repaid and the amount of such advance shall will offset, to the extent thereof, the amount of Gross-Gross- Up Payment required to be paid.
Appears in 1 contract
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c9(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying compliance by Company with the requirements of such SectionSection 9(c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an -108- 110 amount advanced by the Company pursuant to Section 11(c9(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
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Sources: Change in Control Agreement (Southern California Water Co)
Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)5.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s 's complying with the requirements of such SectionSection 5.3) promptly pay to the Company the amount of such refund (together with any interest actually paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 11(c)5.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
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Sources: Executive Retention Agreement (Myriad Genetics Inc)
Refunds. If, after the receipt by the Executive of an amount advanced paid by the Company pursuant to Section 11(c9(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to compliance by the Company’s complying Company with the requirements of such SectionSection 9(c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced paid by the Company pursuant to Section 11(c9(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance payment shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Appears in 1 contract
Sources: Change in Control Agreement (Southern California Water Co)
Refunds. If, after the receipt by the Executive of an amount advanced paid by the Company pursuant to Section 11(c6(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s 's complying with the requirements of such SectionSection 6(c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced paid by the Company pursuant to Section 11(c6(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) 30 days after such determination, then such advance shall be forgiven and payment shall not be required to be repaid and the amount of such advance payment shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
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