Common use of Allocation of Certain Tax Items Clause in Contracts

Allocation of Certain Tax Items. (a) Except as otherwise provided in this Paragraph 1.4, all items of income, gain, loss or deduction for federal, state and local income tax purposes will be allocated in the same manner as the corresponding "book" items are allocated under Paragraph 1.2 (as a component of Net Income or Net Losses), or 1.3.

Appears in 2 contracts

Samples: Operating Agreement (Claxson Interactive Group Inc), Operating Agreement (Playboy Enterprises Inc)

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Allocation of Certain Tax Items. (a) Except as otherwise provided in this Paragraph 1.41.6, all items of income, gain, loss or deduction for federal, state and local income tax purposes will be allocated in the same manner as the corresponding "book" items are allocated under Paragraph Paragraphs 1.2 (as a component of Net Income or Net Losses), ) or 1.31.4.

Appears in 2 contracts

Samples: Employment Agreement (Simon Worldwide Inc), Employment Agreement (Simon Worldwide Inc)

Allocation of Certain Tax Items. (a) Except as otherwise provided in this Paragraph 1.4, all items of income, gain, loss or deduction for federal, state and local income tax purposes will shall be allocated in the same manner as the corresponding "book" items are allocated under Paragraph 1.2 (as a component of Net Income or Net Losses), or 1.3.

Appears in 1 contract

Samples: Operating Agreement (Playboy Enterprises Inc)

Allocation of Certain Tax Items. (a) Except as otherwise provided in this Paragraph 1.41.6, all items of income, gain, loss or deduction for federal, state and local income tax purposes will be allocated in the same manner as the corresponding "book" items are allocated under Paragraph 1.2 (as a component of Net Income or Net Losses)Paragraphs 1.2, or 1.31.4.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Genius Products Inc)

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Allocation of Certain Tax Items. (a) Except as otherwise provided in this Paragraph 1.41.5, all items of income, gain, loss or deduction for federal, state and local income tax purposes will be allocated in the same manner as the corresponding "book" items are allocated under Paragraph Paragraphs 1.2 and 1.3 of this Exhibit A (as a component of Net Income or Net Losses), or 1.3.1.4 of this Exhibit A.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Torque Lifestyle Brands, Inc.)

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