TRA Contribution Clause Samples
The TRA Contribution clause defines the obligations of parties to contribute to a Tax Receivable Agreement (TRA). Typically, this clause outlines how and when each party must make payments or contributions related to tax benefits realized under the agreement, such as specifying the calculation method for contributions and the timing of payments. Its core practical function is to ensure that all parties fulfill their financial responsibilities under the TRA, thereby facilitating the proper allocation and distribution of tax-related benefits and liabilities.
TRA Contribution. In the event that a teacher and the School District agree on a job sharing arrangement, the School District may agree to pay all or a portion of the teacher's TRA obligation pursuant to Minn. Stat. § 354.66, Subd. 4A, as amended.
