Compensation Deductions. With respect to any non- ------------------------ qualified stock options relating to Olin or Arch stock, or stock appreciation rights relating to Arch stock, that are outstanding immediately after the Distribution (the "Options"), each of Olin and Arch shall be responsible for timely filing all required reports with any relevant Taxing Authorities with respect to grants or exercises of Options on its stock. Olin (or the appropriate member of the ▇▇▇▇ Group) shall claim all Tax deductions arising by reason of exercises by ▇▇▇▇ Group employees, and all employees who retired prior to the Distribution, of all Options. Arch (or the appropriate member of the Arch Group) shall claim all Tax deductions arising by reason of exercises of Options by Arch Group employees.
Appears in 2 contracts
Sources: Tax Sharing Agreement (Arch Chemicals Inc), Tax Sharing Agreement (Arch Chemicals Inc)