Common use of Realized Tax Benefit and Realized Tax Detriment Clause in Contracts

Realized Tax Benefit and Realized Tax Detriment. (a) Tax Benefit Schedule. Within 120 calendar days after the filing of the U.S. federal income tax return of the Corporate Taxpayer for any Taxable Year in which there is a Realized Tax Benefit or Realized Tax Detriment a portion of which is Attributable to a Stockholder, the Corporate Taxpayer shall provide to such Stockholder a schedule showing, in reasonable detail, the calculation of the Realized Tax Benefit or Realized Tax Detriment for such Taxable Year (a “Tax Benefit Schedule”). The Tax Benefit Schedule will become final as provided in Section 2.03(a) and may be amended as provided in Section 2.03(b) (subject to the procedures set forth in Section 2.03(b)).

Appears in 4 contracts

Samples: Tax Receivable Agreement (Virtu Financial, Inc.), Tax Receivable Agreement (Virtu Financial, Inc.), Tax Receivable Agreement (Virtu Financial, Inc.)

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Realized Tax Benefit and Realized Tax Detriment. (a) Tax Benefit Schedule. Within 120 calendar days after the filing of the U.S. federal income tax return of the Corporate Taxpayer for any Taxable Year in which there is any Exchange has been effected by a Realized Tax Benefit Member or Realized Tax Detriment a portion of which is Attributable subsequent to any Taxable Year in which any Exchange has been effected by a StockholderMember, the Corporate Taxpayer shall provide to such Stockholder Member a schedule showing, in reasonable detail, the calculation of the Realized Tax Benefit or Realized Tax Detriment and the portion Attributable to such Member for such Taxable Year (a “Tax Benefit Schedule”). The Tax Benefit Schedule will become final as provided in Section ‎Section 2.03(a) and may be amended as provided in Section ‎Section 2.03(b) (subject to the procedures set forth in Section ‎Section 2.03(b)).

Appears in 1 contract

Samples: Tax Receivable Agreement (Arog Pharmaceuticals, Inc.)

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