Common use of Company Indemnification for Tax Liabilities Clause in Contracts

Company Indemnification for Tax Liabilities. The Company hereby ------------------------------------------- indemnifies and agrees to hold the Shareholders harmless from, against and in respect of income tax liabilities (including interest and penalties imposed thereof), if any, incurred by the Shareholders as a result of a final determination of an adjustment (by reasons of an amended return, claim for refund, audit, judicial decision or otherwise) to the taxable income of the Company for any period ending after the Termination Date (including, without limitation, the C Short Year) which results in a decrease for any period in the Company's taxable income and a corresponding increase for any period in the taxable income of the Shareholders.

Appears in 1 contract

Samples: Tax Allocation and Indemnification Agreement (Information Management Resources Inc)

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Company Indemnification for Tax Liabilities. The Company hereby ------------------------------------------- indemnifies and agrees to hold the Shareholders harmless from, against and in respect of income tax liabilities (including interest and penalties imposed thereof), if any, incurred by the Shareholders as a result of a final determination of an adjustment (by reasons of an amended return, claim for refund, audit, judicial decision or otherwise) to the taxable income of the Company for any period ending after the Termination Date (including, without limitation, the C Short Year) which results in a decrease for any period in the Company's taxable income and a corresponding increase for any period in the taxable income of the Shareholders.

Appears in 1 contract

Samples: Revocation, Tax Allocation and Indemnification Agreement (Syntel Inc)

Company Indemnification for Tax Liabilities. The Company hereby ------------------------------------------- indemnifies and agrees to hold the Shareholders Stockholders harmless from, against and in respect of income tax liabilities (including interest and penalties imposed thereof), if any, incurred by the Shareholders Stockholders as a result of a final determination of an adjustment (by reasons of an amended return, claim for refund, audit, judicial decision or otherwise) to the taxable income of the Company for any period ending after the Termination Date (including, without limitation, the C Short Year) which results in a decrease for any period in the Company's taxable income and a corresponding increase for any period in the taxable income of the ShareholdersStockholders.

Appears in 1 contract

Samples: Tax Allocation and Indemnification Agreement (International Computex Inc)

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Company Indemnification for Tax Liabilities. The Company hereby ------------------------------------------- indemnifies and agrees to hold the Shareholders harmless from, against and in respect of income tax liabilities (including interest and penalties imposed thereof), if any, incurred by the Shareholders as a result of a final determination of an adjustment made after the Termination Date (by reasons reason of an amended return, claim for refund, audit, judicial decision or otherwise) to the taxable income of the Company for any period ending after the Termination Date (including, without limitation, the C Short Year) which results in a decrease for any period in the computation of the Company's taxable income and a corresponding increase for any period in the taxable income of the Shareholders.

Appears in 1 contract

Samples: Revocation, Tax Allocation and Indemnification Agreement (Mastech Corp)

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