Reasonable Expenditures. All amounts paid by Target (i) to officers, employees, consultants and agents as salaries, compensation, and expenses reimbursed by Target, or (ii) as rental payments, have been in amounts which are ordinary and necessary for income tax purposes pursuant to Section 162 of the Internal Revenue Code.
Appears in 3 contracts
Sources: Agreement and Plan of Reorganization (Tca Cable Tv Inc), Agreement and Plan of Reorganization (Tca Cable Tv Inc), Agreement and Plan of Reorganization (Tca Cable Tv Inc)