Income Tax Treatment. The parties intend that the transaction will be treated as a tax-free reorganization under IRC Section 368(a)(1)(B) and will take no actions that will violate applicable requirements.
Appears in 5 contracts
Samples: Stock Exchange Agreement (Avtel Communications Inc/Ut), Stock Exchange Agreement (Jensen Gladys), Stock Exchange Agreement (Jensen Gladys)
Income Tax Treatment. The parties intend that the transaction will be treated as a tax-tax free reorganization under IRC Section 368(a)(1)(B) and will take no actions that which will violate applicable requirements.
Appears in 1 contract
Samples: Stock Exchange Agreement (United Insurance Companies Inc)
Income Tax Treatment. The parties intend that the transaction will be treated as a tax-tax free reorganization under IRC Section 368(a)(1)(BSections 368 (a) (1) (A) and 368 (a) (2)(D) and will take no actions that which will violate applicable requirements.
Appears in 1 contract
Samples: Merger Agreement (Uici)
