Schedule for Payment. The Gross-Up Payment calculated pursuant to Articles 12.2 and 12.3 shall be paid no later than 30 days following an event occurring which subjects the Executive to the Excise Tax; provided, however, if the amount of each Gross Up Payment or portion thereof cannot be reasonably determined on or before such day, the Corporation shall pay to the Executive the amount of the Gross-Up Payment no later than 10 days following the determination of the Gross-Up Payments by the Accountants.
Appears in 2 contracts
Sources: Change of Control Agreement (Cam Commerce Solutions Inc), Change of Control Agreement (Cam Commerce Solutions Inc)