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Form #1570

OFFICERS' CONSENT FOR REPAYMENT- COMPENSATION DECLARED UNREASONABLE)

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OFFICERS' CONSENT FOR REPAYMENT- COMPENSATION DECLARED UNREASONABLE)


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OFFICERS' CONSENT FOR REPAYMENT

(COMPENSATION DECLARED UNREASONABLE)

 

THE UNDERSIGNED, each an officer of _______________________ (hereinafter referred to as Corporation), agree that if any part of the compensation of the undersigned officer(s) be disallowed as unreasonable compensation and/or an unreasonable deduction in the calculation of the federal income tax liability of said Corporation by the Internal Revenue Service of the Department of the Treasury of the United States, that THE AFOREMENTIONED INDIVIDUAL(S) shall repay the full amount of all such compensation deemed unreasonable to the Corporation within _______ days after a final disallowance of such deduction by the Internal Revenue Service and the conclusion of any appeals made from such a determination.

 

Name                                         Title                                        Signature

 

_____________________        ___________________        _____________________

 

_____________________        ___________________        _____________________

 

_____________________        ___________________        _____________________

 

_____________________        ___________________        _____________________

 

 

 



 
Contributed by
AIG Legal
 
Total Forms Contributed 75
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: CONSENT FOR REPAYMENT,COMPENSATION UNREASONABLE)

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