Allocations Upon Transfer. For any fiscal year during which a Unitholder’s Unit(s) in the Company is assigned by such Unitholder, the portion of the Net Income and Net Loss of the Company that is allocable in respect of such Unitholder’s Unit(s) shall be apportioned between the assignor and the assignee of such Unitholder’s Unit(s) using any permissible method under Code Section 706 and the Regulations thereunder, as determined by the Board.
Appears in 4 contracts
Samples: Consent, Waiver and Amendment Agreement (Valeritas Inc), Limited Liability Company Agreement (Valeritas Inc), Limited Liability Company Agreement (Valeritas Inc)
