Additional Calculations. For purposes of determining the amount of an Outdoor Group Member’s Estimated Income Tax Payments and Separate Income Tax Liability, IHM shall be entitled to claim all deductions arising by reason of the exercise of any stock options to purchase shares of IHM stock, or arising by reason of the payment of deferred or other compensation by IHM to the extent such payment is not reimbursed by an Outdoor Group Member. In addition, for purposes of any Income Tax Return filed by, with respect to or on behalf of, any Outdoor Group Member (whether or not such Outdoor Group Member files an Income Tax Return on a consolidated, combined or unitary basis with any IHM Group Member), IHM shall be, to the extent permitted by applicable Tax law, entitled to claim all deductions arising by reason of the exercise of any stock options to purchase IHM stock or arising by reason of the payment of deferred or other compensation by IHM to the extent such payment is not reimbursed by an Outdoor Group Member. If, pursuant to a Final Determination, all or any part of such deduction is disallowed or is proposed to be disallowed to IHM then, to the extent permitted by applicable Tax law, the appropriate Outdoor Group Member shall report such deduction on its Income Tax Return (including an amended Income Tax Return). If an Outdoor Group Member realizes a Tax Benefit in any Taxable Period beginning after the date of the CCH Distribution (or, if later with respect to a Tax, the date of the Deconsolidation Event applicable to such Tax), as a result of a deduction arising by reason of the exercise of any stock option to purchase shares of IHM stock or arising by reason of the payment of deferred or other compensation by IHM to the extent such payment is not reimbursed by CCOH or CCH, CCH or CCOH shall pay, or cause to be paid, the amount of such Tax Benefit to IHM.
Additional Calculations. For purposes of determining the amount of a CCO Group Member’s Estimated Income Tax Payments and Separate Income Tax Liability, Parent shall be entitled to claim all deductions arising by reason of the exercise of any stock options to purchase shares of Parent stock, or arising by reason of the payment of deferred or other compensation by Parent to the extent such payment is not reimbursed by CCO. In addition, for purposes of any Income Tax Return filed by, with respect to or on behalf of, any CCO Group Member (whether or not such CCO Group Member files an Income Tax Return on a consolidated, combined or unitary basis with any Parent Group Member), Parent shall be, to the extent permitted by applicable Tax law, entitled to claim all deductions arising by reason of the exercise of any stock options to purchase Parent stock or arising by reason of the payment of deferred or other compensation by Parent to the extent such payment is not reimbursed by CCO. If, pursuant to a Final Determination, all or any part of such deduction is disallowed or is proposed to be disallowed to Parent then, to the extent permitted by applicable Tax law, the appropriate CCO Group Member shall report such deduction on its Income Tax Return (including an amended Income Tax Return). If a CCO Group Member realizes a Tax Benefit in any Taxable Period beginning after the date of the IPO, as a result of a deduction arising by reason of the exercise of any stock option to purchase shares of Parent stock or arising by reason of the payment of deferred or other compensation by Parent to the extent such payment is not reimbursed by CCO, CCO shall pay the amount of such Tax Benefit to Parent.
Additional Calculations. For purposes of determining the amount of a member of the Infinity Group's Estimated Income Tax Payments and Separate Income Tax Liability, CBS shall be treated as entitled to claim all deductions arising by reason of exercises of any stock options to purchase shares of CBS stock, or arising by reason of payment of deferred or other compensation by CBS to the extent such payment is not reimbursed by Infinity. In addition, for purposes of any Income Tax Return filed by, or on behalf of, any member of the Infinity Group (whether or not any member of the Infinity Group files an Income Tax Return on a consolidated, combined or unitary basis with any member of the CBS Group), CBS shall be treated, to the extent permitted by law, as entitled to claim all deductions arising by reason of exercises of any stock options to purchase CBS stock or arising by reason of payment of deferred or other compensation by CBS to the extent such payment is not reimbursed by Infinity. If, pursuant to a Final Determination, all or any part of such deduction is disallowed or is proposed to be disallowed to CBS then, to the extent permitted by law, the appropriate member of the Infinity Group shall report such deduction on its Income Tax Return (including by way of an amended Income Tax Return). If a member of the Infinity Group realizes a Tax Benefit in any Taxable Period beginning after the IPO, including any Post-Closing Straddle Period, as a result of a deduction arising by reason of exercises of any stock options to purchase shares of CBS stock or arising by reason of payment of deferred or other compensation by CBS to the extent such payment is not reimbursed by Infinity, Infinity shall pay the amount of such Tax Benefit to CBS.
