Agreement to adjust distributions for state tax burdens. (i) S, a corporation, exe- cutes a binding agreement with its share- holders to modify its normal distribution policy by making upward adjustments of its distributions to those shareholders who bear heavier state tax burdens. The adjustments are based on a formula that will give the shareholders equal after-tax distributions.
Appears in 9 contracts
Samples: Supplemental Contract, Publishing Agreement, Supplemental Contract
