Common use of Allocation of Deductions Clause in Contracts

Allocation of Deductions. To the extent permitted by applicable law, Income Tax deductions arising by reason of exercises of options to purchase Parent or SpinCo stock or settlement of restricted stock awards, restricted stock units or performance stock unit awards, in each case, following the Distribution, with respect to Parent stock or SpinCo stock (such options, restricted stock units, or performance stock unit awards, collectively, “Compensatory Equity Interests”) held by any Person shall be claimed by the issuing corporation.

Appears in 4 contracts

Samples: Tax Matters Agreement, Tax Matters Agreement (Varex Imaging Corp), Tax Matters Agreement (Varian Medical Systems Inc)

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