EX-10.17 5 a2229215zex-10_17.htm EX-10.17 BNP Paribas USA, Inc. and Subsidiaries Agreement for Allocation and Settlement of Income Tax Liabilities Effective July 1, 2016 BNP Paribas USA, Inc., known as Paribas North America, Inc. (“PNA”) prior to...Agreement for Allocation and Settlement of Income Tax Liabilities • May 5th, 2020 • New York
This Agreement is intended to comply with, to conform to the requirements of, and be interpreted in accordance with the federal and state regulatory tax sharing guidelines outlined in the Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure, dated November 5, 1998 and the Addendum to Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure, dated June 19, 2014 (collectively, “Interagency Policy Statement”; (see Appendix A-1)) and the Instructions for Preparation of Consolidated Reports of Condition and Income (FFIEC 031 and 041). It is intended that FHB, BOW and all other banks which are or become Members (as defined herein) of the affiliated group pay no more than their respective separate company shares of the BNPP USA consolidated group’s tax liability and receive appropriate payments for tax losses and other tax benefits which they may generate.
