Common use of Subsequent Adjustment to S Corporation Income Clause in Contracts

Subsequent Adjustment to S Corporation Income. If after the end --------------------------------------------- of the "post-termination transition period" items of income, gain, loss, deduction, or credit of the Company are adjusted (by audit or otherwise) with respect to any tax return in which the Company reported its income as an S corporation, then an appropriate payment described in (a) or (b) of this Section 4.3 shall be made. Any payments obligated to be made pursuant to this Section 4.3 shall be due and payable within ten (10) business days of the applicable parties' request.

Subsequent Adjustment to S Corporation Income. If after the end --------------------------------------------- of the "post-termination transition period" items of income, --------------------------------------------- gain, loss, deduction, or credit of the Company are adjusted (by audit or otherwise) with respect to any tax return in which the Company reported its income as an S corporation, then an appropriate payment described in (a) or (b) of this Section 4.3 4.2 shall be made. Any payments obligated to be made pursuant to this Section 4.3 4.2 shall be due and payable within ten (10) business days of the applicable parties' request.