Tax Changes Clause Samples
A Tax Changes clause defines how parties will handle the impact of changes in tax laws or regulations that affect the agreement. Typically, it outlines which party bears the cost or benefit if taxes are increased, decreased, or newly imposed during the contract term. For example, if a new tax is introduced that increases the cost of providing a service, the clause may allow the service provider to adjust prices accordingly. The core function of this clause is to allocate the risk of tax law changes, ensuring that neither party is unfairly disadvantaged by unforeseen tax liabilities or benefits.
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Tax Changes. If any change(s) in the Federal income tax laws materially affect the tax treatment of Employee with respect to the Option or the Option Stock, the parties agree to negotiate in good faith to reach an agreement which will take advantage of, or minimize the disadvantages of, such changes.
Tax Changes. Adjusted Net Income for each Performance Year shall be adjusted to eliminate any positive or negative impacts on earnings resulting from changes to federal, state or local income tax rates or the imposition of a new tax during the period between the award of the RSUs and the completion of all Performance Years, and any resulting impact on deferred tax account balances.
Tax Changes. EPS and Adjusted Net Income for each year during the Award Period shall be adjusted to eliminate any positive or negative impacts on earnings resulting from changes to federal, state or local income tax rates or the imposition of a new tax during the Award Period and any resulting impact on deferred tax account balances.
Tax Changes. Where tax changes are concerned, all those who have knowledge of the Budget need to know what restrictions apply to them during the lead up to the Chancellor's Budget statement. There are also other Teams in the Treasury which regularly get market sensitive information. Restrictions on dealings in particular types of securities and other assets will need to be applied there too. Specific instructions are always issued prior to major privatisations (see Basic Principles paragraph above).
Tax Changes. The Risk and Profit Charge has been negotiated on the basis of the federal income Tax rates and methodologies currently applicable to United with respect to its ordinary income. If such rates or methodologies are changed, other than as a result of a voluntary change by United, AARP Trust or United may propose for approval by the other, which approval shall not be unreasonably withheld, that the Risk and Profit Charge set forth in this Section 6.3 be changed so as to yield United the same rate of return as would have applied had there been no such change in such Tax rates or methodologies.
Tax Changes. If Seller (i) receives notice, in any form, from the Internal Revenue Service or (ii) reasonably determines, based on an opinion of independent tax counsel selected by Seller, that Seller may not exclude the interest component of Installment Payments paid under any Property Schedule from its Federal gross income (each an “Event of Taxability”), then (x) Purchaser shall pay to Seller upon demand an amount which, with respect to Installment Payments previously paid and taking into account all penalties, fines, interest and additions to tax, will restore to Seller an interest rate equal to the Taxable Rate with respect to such Property Schedule, and (y) as to subsequent Installment Payments, the principal component thereof shall accrue interest at the Taxable Rate.
Tax Changes. Similar to paragraph 9 of the 2017 Agreement except that it is symmetrical and more specifically addresses the contingencies associated with possible future tax changes • Based on Document No. 11 in the pre-filed exhibit of ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ (JSC-1), which contained the company’s tax reform proposal
Tax Changes. Without the prior written consent of the Sellers, which consent shall not be unreasonably withheld, conditioned or delayed or except as required by applicable Law, neither Buyer nor AdvanceMed, nor any Affiliate of Buyer shall, to the extent it may affect or relate to AdvanceMed, file any amended Tax Return for any Tax period ending on or prior to the Effective Date, make or change any Tax election for any Tax period ending on or prior to the Effective Date, change any Tax accounting method for any Tax period ending on or prior to the Effective Date to the extent any such action would reasonably be expected to have the effect of materially increasing the Pre-Effective Date Tax Period Tax liability of the Sellers or AdvanceMed (including the Sellers’ liability hereunder).
Tax Changes. No change in United States federal income tax law shall have been proposed subsequent to May 3, 2000 which, if enacted or adopted in the form proposed, would materially adversely affect any Owner Participant's Economics.
Tax Changes. Without the prior written consent of Seller, neither Buyer nor the Acquired Entities, nor any Affiliate of Buyer shall, to the extent it may affect or relate to the Acquired Entities, make or change any Tax election, change any annual Tax accounting, file any amended Tax Return, enter into any closing agreement, settle any Tax claim or assessment, surrender any right to claim a Tax refund, consent to any extension or waiver of the limitations period applicable to any Tax claim or assessment or take or omit to take any other action, if any such action or omission could reasonably be expected to have the effect of increasing the Pre-Effective Date Tax Period Tax liability of Seller (including Seller's liability hereunder).