Common use of TAX AUDIT ADJUSTMENTS Clause in Contracts

TAX AUDIT ADJUSTMENTS. (i) In the event a Tax Audit Proceeding shall determine (by settlement or otherwise), or the parties otherwise determine pursuant to Section 4.5, that the Company Group should have reported Tax Items in respect of the Environmental Coverage Claims or the Health Care Claims that were reported by the Newco Group

Appears in 2 contracts

Sources: Tax Allocation Agreement (Boeing Co), Tax Allocation Agreement (Rockwell International Corp)