Consistent Tax Reporting. The Members acknowledge and are aware of the income tax consequences of the allocations made by this Article 6 and hereby agree to be bound by the provisions of this Article 6 in reporting their shares of Net Income, Net Loss and other items of income, gain, loss, deduction and credit for federal, state and local income tax purposes.
Consistent Tax Reporting. The Seller and the Buyer shall treat and report this Transaction in all respects consistently for purposes of any federal, state, local or foreign Tax. The parties hereto shall not take any actions or positions inconsistent with the obligations set forth herein.
Consistent Tax Reporting. Employee agrees that by making the election under Section 83(b) of the Code with respect to some or all of the Shares, Employee will be treated as the owner of such Shares as of the Award Date. Employee further agrees that it will report the Cash Payments as taxable compensation income in the year of the Award and that it will treat the Purchased Shares as if those Shares were purchased for the Note.
Consistent Tax Reporting. The Partners acknowledge and are aware of the income tax consequences of the allocations made by this Article 6 and hereby agree to be bound by the provisions of this Article 6 in reporting their shares of Net Income, Net Losses and other items of income, gain, loss, deduction and credit for federal, state and local income tax purposes.
Consistent Tax Reporting. The parties agree for tax purposes to report the transactions contemplated by this Agreement, and to treat any subsequent related transactions or items, in a manner consistent in all respects with the terms and provisions of this Agreement. Each party shall cooperate with the other parties as appropriate for all relevant tax purposes relating to the transactions contemplated by this Agreement.
Consistent Tax Reporting. Unless otherwise required by applicable Law, the Stockholders, the Company, the Surviving Corporation and the Buyer shall treat and report the Transactions contemplated by this Agreement in all respects consistently with the provisions of this Agreement for purposes of any federal, state, local or non-U.S. Tax.
Consistent Tax Reporting. 24 6.3 Cooperation . . . . . . . . . . . . . . . . . . . . . . . . . 24
Consistent Tax Reporting. Except as otherwise agreed to in writing by the Board, all Members, including Former Members, shall report all Tax Items (including the character and timing of such Tax Items) related to the Company in a manner consistent with the manner in which such Tax Items are reported by the Company.
Consistent Tax Reporting. None of the Parties nor any of their Affiliates will take any position on an applicable income Tax Return that is inconsistent with the treatment of the Recapitalization and the Merger as tax-free reorganizations under Section 368(a)(1)(E) and Section 368(a)(1)(F) of the Code, respectively, other than in connection with a Final Determination following a challenge by a Taxing Authority. The Parties acknowledge that NewCo and NewCo LLC intend to treat the Class B Common Stock and the Voting Units issued in connection with the transactions described in Articles 2, 3 and 4 hereof as having a fair market value equal to the par value of the Class B Common Stock. No Party shall take a position on any Tax Return that is inconsistent with such fair market value, other than in connection with a Final Determination following a challenge by a Taxing Authority.
Consistent Tax Reporting. The status of the Physician under the terms of this Agreement is that of independent contractor. The Physician will file all reports and returns for tax purposes in a manner required by law and consistent with the terms of this Agreement. Because of the independent contractor status of the Physician, the District will not be responsible for the withholding of income taxes, nor for the payment of FICA taxes, nor for any insurance coverage or other similar benefits required by law to be provided for an employee. The Physician will not in any manner be part of any State retirement system.
