Common use of Allocation of Taxes for Separate Tax Returns Clause in Contracts

Allocation of Taxes for Separate Tax Returns. (A) VF shall be allocated all Taxes reported, or required to be reported, on (x) a VF Separate Tax Return and (y) a Kontoor Brands Separate Tax Return with respect to a Pre-Distribution Period. (B) Kontoor Brands shall be allocated all Taxes reported, or required to be reported, on a Kontoor Brands Separate Tax Return with respect to a Post-Distribution Period.

Appears in 2 contracts

Samples: Tax Matters Agreement (Kontoor Brands, Inc.), Tax Matters Agreement (Kontoor Brands, Inc.)

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Allocation of Taxes for Separate Tax Returns. (A) VF shall be allocated all Taxes reported, or required to be reported, on (x) a VF Separate Tax Return and (y) a Kontoor Brands Separate Tax Return with respect to a Pre-Distribution PeriodReturn. (B) Kontoor Brands shall be allocated all Taxes reported, or required to be reported, on a Kontoor Brands Separate Tax Return with respect to a Post-Distribution PeriodReturn.

Appears in 2 contracts

Samples: Tax Matters Agreement (V F Corp), Tax Matters Agreement (Kontoor Brands, Inc.)

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