Common use of Treatment of Claims Clause in Contracts

Treatment of Claims. The Executive shall notify the Company and the Bank in writing of any claim by the Internal Revenue Service that, if successful, would require a Gross-Up Payment to be made. Such notification shall be given as soon as practicable, but no later than ten business days, after the Executive is informed in writing of such claim and shall apprise the Company and the Bank of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the thirty (30) day period following the date on which it gives such notice to the Company and the Bank (or any shorter period ending on the date that payment of taxes with respect to such claim is due). If the Company or the Bank notifies the Executive in writing prior to the expiration of this period that it desires to contest such claim, the Executive shall:

Treatment of Claims. The Executive shall notify the Company and the Bank in writing of any claim by the Internal Revenue Service that, if successful, would require a the payment by the Company and the Bank of the Gross-Up Payment to be madePayment. Such notification shall be given as soon as practicable, practicable but no later than ten (10) business days, days after the Executive is informed in writing of such claim and shall apprise the Company and the Bank of the nature of such claim claims and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the thirty (30) day period following the date on which it gives such notice to the Company and the Bank (or any such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company or and the Bank notifies notify the Executive in writing prior to the expiration of this such period that it desires to contest such claim, the Executive shall:

Treatment of Claims. The Executive shall notify the Company and the Bank in writing of any claim by the Internal Revenue Service that, if successful, would require a the payment by the Company and the Bank of the Gross-Up Payment to be madePayment. Such notification shall be given as soon as practicable, practicable but no later than ten business days, days after the Executive is informed in writing of such claim and shall apprise the Company and the Bank of the nature of such claim claims and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the thirty (30) day period following the date on which it gives such notice to the Company and the Bank (or any such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company or and the Bank notifies notify the Executive in writing prior to the expiration of this such period that it desires to contest such claim, the Executive shall:

Treatment of Claims. The Executive shall notify the Company and the Bank Association in writing of any claim by the Internal Revenue Service that, if successful, would require a Gross-Up Payment to be made. Such notification shall be given as soon as practicable, but no later than ten business days, after the Executive is informed in writing of such claim and shall apprise the Company and the Bank Association of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the thirty (30) day period following the date on which it gives such notice to the Company and the Bank Association (or any shorter period ending on the date that payment of taxes with respect to such claim is due). If the Company or the Bank Association notifies the Executive in writing prior to the expiration of this period that it desires to contest such claim, the Executive shall:

Treatment of Claims. The Executive shall notify the Company and the Bank in writing of any claim by the Internal Revenue Service that, if successful, would require a Gross-Up Payment to be made. Such notification shall be given as soon as practicable, but no later than ten (10) business days, after the Executive is informed in writing of such claim and shall apprise the Company and the Bank of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the thirty (30) day period following the date on which it gives such notice to the Company and the Bank (or any shorter period ending on the date that payment of taxes with respect to such claim is due). If the Company or the Bank notifies the Executive in writing prior to the expiration of this period that it desires to contest such claim, the Executive shall: