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. 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. 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. 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. 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).
Tax Changes. (a) Without the prior written consent of the Buyer, which consent shall not be unreasonably withheld or delayed, the Sellers shall not, to the extent it may affect, or relate to, the Company, make, change or rescind any Tax election, amend any Tax Return, or take any position on any Tax Return, adopt or change any method of accounting, extend or waive the application of the statute of limitations regarding the assessment or collection of any Federal, state, local, foreign or other Tax, settle or compromise any Tax liability or refund, enter into any material agreement relating to Taxes, take any action, omit to take any action or enter into any other transaction that would have the effect of increasing the Tax liability of Buyer or the Company in respect of any Post-Closing Tax Period. The Sellers agree that Buyer is to have no liability for Tax resulting from any such action of the Sellers or the Company in breach of this Section 7.4(a) and agrees to indemnify and hold harmless the Buyer and the Company against any such Tax.
(b) Without the prior written consent of the Sellers’ Representative, which consent shall not be unreasonably withheld or delayed, the Buyer shall not, to the extent it may affect, or relate to, the Company, make, change or rescind any Tax election, amend any Tax Return, or take any position on any Tax Return, adopt or change any method of accounting, extend or waive the application of the statute of limitations regarding the assessment or collection of any Federal, state, local, foreign or other Tax, settle or compromise any Tax liability or refund, enter into any material agreement relating to Taxes, take any action, omit to take any action or enter into any other transaction that would have the effect of increasing the Tax liability of Sellers or the Company in respect of any Pre-Closing Tax Period. The Buyer agrees that the Sellers are to have no liability for Tax resulting from any action of the Buyers or the Company in breach of this Section 7.4(b) and agrees to indemnify and hold harmless the Sellers and the Company against any such Tax.
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 Xxxxxxx X. Xxxxxxxxxx (JSC-1), which contained the company’s tax reform proposal
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. Shipper agrees to pay to Bay Gas, by way of reimbursement, within ten (10) days of receipt of an invoice for same, all taxes levied or imposed upon Bay Gas after the date hereof; and any increases in existing taxes which may be made effective after the date hereof, with respect to the transport of gas hereunder. Bay Gas agrees to pass through to Shipper in its monthly billxxxx xxx savings resulting from decreases in existing taxes, which may be made effective after the date hereof, with respect to the transport of gas hereunder. In the event that any additional taxes or increases in taxes are imposed and, should Bay Gas elect not to challenge the same, then Shipper shall be subrogated to Bay Gas' rights to challenge the same. In no event shall Shipper be required to pay any tax in a greater amount than its pro-rata share.
