Dear Mr. XYZ,
This undersigned officer or employee of (Company name…..), agrees to settle to the Company just about all compensation payments or reimbursements which are disallowed, in whole or in part, as a deductible expense by the Internal Revenue Service. The reimbursement shall be made fully extent of the dis-allowance upon a negative decision of the previous tribunal or agency to think about the issue, provided the Organization shall not be obligated to get further appeal if accessible.
Signed under seal this (specific date and time…). Thank you,
Name of Authority….
Designation with signature…