Common use of Indemnification for Tax Liability Clause in Contracts

Indemnification for Tax Liability. In addition to the indemnification obligation provided in section 2(b)(i) Shareholders hereby agree to indemnify and hold harmless Corporation against any increase in Corporation's Tax Liability, and costs relating thereto, with respect to any tax year to the extent such increase results in a related decrease in the Tax Liability of Shareholders for any period prior to the termination of the Corporation's S status.

Appears in 2 contracts

Samples: Tax Indemnification Agreement (Skechers Usa Inc), Tax Indemnification Agreement (Skechers Usa Inc)

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Indemnification for Tax Liability. In addition to the indemnification obligation provided in section 2(b)(i) Shareholders Section 2.2.1, the Stockholders hereby agree to indemnify and hold harmless Corporation the Company against any increase in Corporation's the Company’s Tax Liability, and costs relating thereto, Liability with respect to any tax year to the extent such increase results in a related decrease in the Tax Liability of Shareholders the Stockholders for any period prior to the termination of the Corporation's Company’s status as an S statuscorporation.

Appears in 1 contract

Samples: Tax Matters Agreement (Cogent, Inc.)

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Indemnification for Tax Liability. In addition to the indemnification obligation provided in section 2(b)(i) Shareholders Section 2.2.1, the Stockholders hereby agree to indemnify and hold harmless Corporation the Company against any increase in Corporation's the Company’s Tax Liability, and costs relating thereto, with respect to any tax year to the extent such increase results in a related decrease in the Tax Liability of Shareholders the Stockholders for any period prior to the termination of the Corporation's Company’s status as an S statuscorporation.

Appears in 1 contract

Samples: Tax Matters Agreement (Cogent, Inc.)

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