Allocation Within a Straddle Period. If applicable law does not require the Taxable Period of FTD and each FTD Group Member that was a member of the UOL Tax Group prior to the Distribution Date to end as of the close of the Distribution Date, then the amount of Tax Items attributable to each portion of the Straddle Period shall be determined by means of a closing of the books and records of such FTD Group Member as of the close of the Distribution Date; provided that exemptions, allowances or deductions that are calculated on an annual or periodic basis shall be allocated between such portions in proportion to the number of days in each such portion.
Appears in 4 contracts
Samples: Tax Sharing Agreement (FTD Companies, Inc.), Tax Sharing Agreement (United Online Inc), Tax Sharing Agreement (FTD Companies, Inc.)
