Common use of Tax Deductions Clause in Contracts

Tax Deductions. All contributions, premiums or payments required to be made, paid or accrued with respect to any Plan have been made, paid or accrued on or before their due dates, including extensions thereof. All such contributions have been fully deducted for income tax purposes and no such deduction has been challenged or disallowed by any government entity and to the best knowledge, information and belief of the Stockholder, no fact or event exists which could give rise to any such challenge or disallowance.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Cybershop International Inc), Stock Purchase Agreement (Mikron Instrument Co Inc)

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Tax Deductions. All contributions, premiums or payments required to be made, paid or accrued with respect to any Plan have been made, paid or accrued on or before their due dates, including extensions thereof. All such contributions have been fully deducted for income tax purposes and no such deduction has been challenged or disallowed by any government entity Governmental or Regulatory Authority and to the best knowledge, information and belief of the Stockholder, no fact or event exists which could give rise to any such challenge or disallowance.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Paradise Music & Entertainment Inc), Agreement and Plan of Merger (Phillips Ian S)

Tax Deductions. All contributions, premiums or payments required to be made, paid or accrued with respect to any Plan have been made, paid or accrued on or before their due dates, including extensions thereof. All such contributions have been fully deducted for income tax purposes and no such deduction has been challenged or disallowed by any government entity and and, to the best knowledge, information and belief knowledge of the StockholderCompanies, no fact or event exists which could give rise to any such challenge or disallowance.

Appears in 1 contract

Samples: Asset Purchase Agreement (Eagle River Interactive Inc)

Tax Deductions. All contributions, premiums or payments (including all employer contributions and, if applicable, all employee salary reduction contributions) required to be made, paid or accrued with respect to any Plan have been made, paid or accrued on or before their due dates, including extensions thereof. All such contributions have been fully deducted for income tax purposes and no such deduction has been challenged or disallowed by any government entity and to the best knowledge, information and belief of the Stockholder, no fact or event exists which could give rise to any such challenge or disallowance.

Appears in 1 contract

Samples: Securities Purchase Agreement (Solomon Technologies Inc)

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Tax Deductions. All contributions, premiums or payments required to be made, paid or accrued with respect to any Plan have been made, paid or accrued on or before their due dates, including extensions thereof. All such contributions have been fully deducted for income tax purposes and no such deduction has been challenged or disallowed by any government entity and to the best knowledge, information and belief of the StockholderCompany, no fact or event exists which could give rise to any such challenge or disallowance.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Omnicom Group Inc)

Tax Deductions. All contributions, premiums or payments required to be made, paid or accrued with respect to any Company Plan have been made, paid or accrued on or before their due dates, including extensions thereof. All such contributions have been fully deducted for income tax purposes and no such deduction has been challenged or disallowed by any government entity Governmental or Regulatory Authority and to the best knowledge, information and belief of the Stockholder, no fact or event exists which could give rise to any such challenge or disallowance.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Datawave Systems Inc)

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