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Walt Disney Company (DIS)
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DIS » Topics » Excise Tax

This excerpt taken from the DIS 8-K filed Oct 6, 2005.
Excise Tax”) is payable with respect to such Aggregate Payment, an additional amount which, after the imposition of all income and excise taxes and interest and penalties thereon, is equal to the Excise Tax on the Aggregate Payment. The determination of whether the Aggregate Payment constitutes a Parachute Payment and, if so, the amount to be paid to the Executive and the time of payment pursuant to this Paragraph 9 shall be made by an independent accounting firm (the “
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