Short Period Election. TWX and AOL shall jointly make a timely election under Section 1.1502-76(b)(2)(ii)(D) of the Regulations or any comparable provision or state or local law to allocate items ratably between the final Pre-Distribution Tax Period (TWX Consolidated Return) and the AOL short taxable period beginning after the Distribution Date (AOL separate tax return).
Appears in 5 contracts
Samples: Second Tax Matters Agreement (AOL Inc.), Second Tax Matters Agreement (Time Warner Inc.), Second Tax Matters Agreement (AOL Inc.)
