Post-Termination Distributions. To the extent practicable and to the extent consistent with applicable law, payments or other distributions made to the Shareholders pursuant to Article 2 will be treated as Post-Termination Distributions for U.S. federal income tax purposes and any correspondingly applicable state and/or local tax purposes.
Appears in 6 contracts
Samples: S Corporation Termination and Tax Sharing Agreement (Five Star Bancorp), S Corporation Termination and Tax Sharing Agreement (Five Star Bancorp), S Corporation Termination and Tax Sharing Agreement (Vertex, Inc.)
Post-Termination Distributions. To the extent practicable and to the extent consistent with applicable law, subject to Section 5.02, payments or other distributions made to the Shareholders pursuant to Article 2 II will be treated as Post-Termination Distributions for U.S. federal income tax purposes and any correspondingly applicable state and/or local tax purposes.
Appears in 2 contracts
Samples: S Corporation Termination and Tax Sharing Agreement (William Bradford Haines Financial Services Trust), S Corporation Termination and Tax Sharing Agreement (Bank7 Corp.)
Post-Termination Distributions. To the extent practicable and to the extent consistent with applicable law, payments or other distributions made to the Shareholders Shareholder pursuant to Article 2 will be treated as Post-Termination Distributions for U.S. federal income tax purposes and any correspondingly applicable state and/or local tax purposes.
Appears in 1 contract
Samples: S Corporation Termination and Tax Sharing Agreement (FB Financial Corp)
