Overpayment and Underpayment Sample Clauses

Overpayment and Underpayment. As a result of uncertainty and complexities in applying Section 4999 of the Code, it is possible that there may be an Overpayment or an Underpayment. If the Accounting Firm, the Company (which includes the position taken by the Company or the Group on its federal income tax return), the Internal Revenue Service, or a court determines that there has been an Underpayment, the Company will pay you the Underpayment within 10 days of determination (but in any event no later than by the end of your taxable year next following the taxable year in which the Underpayment is remitted), together with interest at the applicable federal rate (as defined in Section 1274(d) of the Code) for the term of the Underpayment. If a final determination of a court or an Internal Revenue Service proceeding (that has been finally and conclusively resolved) establishes that there has been an Overpayment, the Overpayment will be deemed for all purposes to be a loan to you that was made on the date you received the Overpayment. You agree to repay the Overpayment on demand.
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Overpayment and Underpayment. If Seller receives a settlement payment from CBQ that is greater than the Amount Due, Seller shall refund the amount of the overpayment to CBQ within thirty (30) days of Seller's receipt of a CBQ invoice and records showing proof of overpayment. In the event of an underpayment by CBQ, Seller agrees to submit to CBQ an invoice which contains the applicable Buyer Order number, the manufacturer (if applicable), the items description or serial number (if applicable), the payment amount, the debit amount, and the tax amount. CBQ shall pay any undisputed sums therefor within thirty (30) days from CBQ's receipt of such invoice.
Overpayment and Underpayment. In the event of borrower overpayment, payment above outstanding principle and interest of less than or equal to $50.00 will not be repaid to the credit union based on transaction costs. Payment above outstanding principle and interest of more than $50.00 will be repaid to the credit union. In the event of borrower underpayment, NCUA will write-off outstanding principle and interest payments of less than or equal to $50.00. However, underpayments of more than $50.00 will be pursued.
Overpayment and Underpayment. If the Annual Contribution paid by [AIRLINE] during any Term Year exceeded the amount of Annual Contribution payable (the excess payment being the “Overpayment”) or was less than the amount of Annual Contribution payable (the deficiency being the “Underpayment”), [AIRLINE], as the case may be, either (i) shall pay the Lessee any Underpayment in monthly installments evenly over the balance of the then-current year (i.e. the year in which the Statement of Actual Annual Contribution is provided to [AIRLINE]) to allow the Lessee to recover any Underpayment by [AIRLINE] or (ii) shall recover its Overpayment by monthly reductions in its monthly payments to the Lessee evenly over the balance of the then-current year (i.e. the year in which the Statement of Actual Annual Contribution is provided to [AIRLINE]) to compensate [AIRLINE] for any Overpayment to the Lessee. With respect to the Term Year in which this Agreement is terminated, any Underpayments or Overpayments, as the case may be, resulting from such Term Year shall be due and payable by [AIRLINE] to the Lessee or by the Lessee to [AIRLINE], as the case may be, within 10 business days after the Lessee provides the Statement of Actual Annual Contribution to [AIRLINE].
Overpayment and Underpayment a. If the school department discovers an overpayment in an employee's salary, the employee will be notified in writing by the Business Manager at the employee's home address by registered mail as soon as practical after the overpayment is discovered. The Business Manager and employee will mutually agree to a repayment schedule. If the school department discovers an underpayment in the employee's salary, the employee will be notified in writing by the Business Manager at the employee's home address by registered mail as soon as practical after the underpayment is discovered. The Business Manager will facilitate payment for the next scheduled payment period.
Overpayment and Underpayment. (a) Should the Employer issue an Employee an overpayment/underpayment of wages and/or entitlements, then the Employer may make the necessary monetary or entitlement adjustments. The Employer shall take such internal administrative action as is necessary to correct such errors, providing such corrective action is taken within six (6) months of the overpayment/underpayment.
Overpayment and Underpayment. Whenever, because of price adjustments, including allowances for returned goods sold during any period, or for any other reason, AMYLIN shall have overpaid or underpaid the royalty amount due for such period, AMYLIN shall, upon determining the amount of overpayment or underpayment, deduct or add the same from or to the Royalty Payment payable for the period during which the amount of the overpayment or underpayment is determined; and if after such adjustment there remains an overpayment, such overpayment shall be deducted from * Confidential Treatment Requested
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Overpayment and Underpayment. As a result of uncertainty and complexities in applying Section 4999 of the Code, it is possible that there may be an Overpayment or an Underpayment. If the Accounting Firm, the Company (which includes the position taken by the Company or any of its affiliates (as constituted from time to time, the “Group”) on its federal income tax return), the Internal Revenue Service, or a court determines that there has been an Underpayment, the Company will pay you the Underpayment within 10 days of determination (but in any event no later than by the end of your taxable year next following the taxable year in which the Underpayment is remitted), together with interest at the applicable federal rate (as defined in Section 1274(d) of the Code) for the term of the Underpayment. If a final determination of a court or an Internal Revenue Service proceeding (that has been finally and conclusively resolved) establishes that there has been an Overpayment, the Overpayment will be deemed for all purposes to be a loan to you that was made on the date you received the Overpayment. You agree to repay the Overpayment on demand.
Overpayment and Underpayment. If EPSI pays any person less than the amount to which he or she is entitled under the Policy(ies), EPSI will promptly, upon learning of the underpayment, adjust the underpayment to the correct amount. If EPSI or Brokers discovers that an overpayment has been made on behalf of any person’s claim, EPSI is hereby authorized to seek recovery from the dentist or insured and or to offset the amount of any excess payment form any unpaid claim of such person or of any other person who is a member of such person’s family unit.
Overpayment and Underpayment. 26.22.1 Any overpayment will be repayable as soon as practicable in accordance with the Act.
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