kenny merinoff and his son john own all of the outstanding stock of flamingo corporation both john and kenny are officers in the corporation and together with j

Salary payments made to an officer of the corporation that shall be disallowed in whole or in part as a deductible expense for Federal income tax purposes shall be reimbursed by such officer to the corporation to the full extent of the disallowance. It shall be the duty of the board of directors to enforce payment of each such amount.

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