Allocation of Certain Income Taxes and Income Tax Items. (a) If Parent, SpinCo or any of their respective Affiliates is permitted but not required under applicable Tax laws to treat the Distribution Date as the last day of a taxable period, then the parties shall treat such day as the last day of a taxable period under such applicable Tax law and shall file any elections necessary or appropriate to such treatment, provided that this Section 2.5(a) shall not be construed to require Parent to change its taxable year.
Appears in 4 contracts
Samples: Tax Disaffiliation Agreement, Form of Tax Disaffiliation Agreement (Acuity SpinCo, Inc.), Tax Disaffiliation Agreement (Zep Inc.)
Allocation of Certain Income Taxes and Income Tax Items. (a) If ParentEnsign, SpinCo SpinCo, or any of their respective Affiliates is permitted but not required under applicable federal, state, or local Tax laws Laws to treat the Distribution Date as the last day of a taxable period, then then, in accordance with Section 2.02(a)(iii), the parties shall treat such day as the last day of a taxable period under such applicable Tax law Law, and shall file any elections necessary or appropriate to such treatment, ; provided that this Section 2.5(a2.03(a) shall not be construed to require Parent Ensign or SpinCo to change its taxable year.
Appears in 3 contracts
Samples: Tax Matters Agreement (Pennant Group, Inc.), Tax Matters Agreement (Ensign Group, Inc), Tax Matters Agreement (Pennant Group, Inc.)
Allocation of Certain Income Taxes and Income Tax Items. (a) If Parent, SpinCo Spinco or any of their respective Affiliates is permitted but not required under applicable U.S. federal, state, local or foreign Tax laws to treat the Distribution Date as the last day of a taxable period, then the parties shall treat such day date as the last day of a taxable period under such applicable Tax law law, and shall file any elections necessary or appropriate to such treatment, ; provided that this Section 2.5(a2.4(a) shall not be construed to require Parent to change its taxable year.
Appears in 3 contracts
Samples: Tax Sharing Agreement (John Bean Technologies CORP), Tax Sharing Agreement (FMC Technologies Inc), Tax Sharing Agreement (John Bean Technologies CORP)
Allocation of Certain Income Taxes and Income Tax Items. (a) If ParentNOV, SpinCo or any of their respective Affiliates is permitted but not required under applicable U.S. federal, state, local or foreign Tax laws to treat the Distribution Date as the last day of a taxable period, then the parties Parties shall treat such day as the last day of a taxable period under such applicable Tax law law, and shall file any elections necessary or appropriate to such treatment, ; provided that this Section 2.5(a2.05(a) shall not be construed to require Parent NOV to change its taxable year.
Appears in 2 contracts
Samples: Tax Matters Agreement (NOW Inc.), Tax Matters Agreement (NOW Inc.)
