Common use of Indemnification for Tax Liability Clause in Contracts

Indemnification for Tax Liability. The Company hereby agrees to indemnify and hold the Stockholders harmless from, against and in respect of any Tax Liability incurred by them resulting from a final judicial or administrative adjustment (by reason of an amended return, claim for refund, audit or otherwise) to the Company’s taxable income which is the result of an increase or change in character of the Company’s income during the period it was treated as an S corporation.

Indemnification for Tax Liability. The Company Corporation hereby agrees to indemnify and hold the Stockholders Shareholders harmless from, against and in respect of any Tax Liability incurred by them resulting from a final judicial or administrative adjustment (by reason of an amended return, claim for refund, audit or otherwise) to the Company’s Corporation's taxable income which is the result of an increase or change in character of the Company’s Corporation's income during the period it was treated as an S corporation.

Indemnification for Tax Liability. The Company Corporation hereby agrees to indemnify and hold the Stockholders Shareholders harmless from, against and in respect of any Tax Liability incurred by them resulting from a final judicial or administrative adjustment (by reason of an amended return, claim for refund, audit or otherwise) to the Company’s Corporation's taxable income which is the result of an increase or change in character of the Company’s Corporation's income during the period it was treated as an S corporation.

Indemnification for Tax Liability. The Company hereby agrees to indemnify and hold the Stockholders Shareholders harmless from, against and in respect of any Tax Liability Liability, calculated at the Highest Rate, incurred by them resulting from a final judicial or administrative Final Determination of an adjustment (by reason of an amended return, claim for refund, audit or otherwisea Tax Proceeding) to the Company’s taxable income which is the result of an increase or change in character of the Company’s income during the period it was treated as an S corporationCorporation.