Taxation of Class Settlement Amount. Plaintiff acknowledges that the Defendant Released Parties have no responsibility for any taxes due on funds deposited in or distributed from the Settlement Fund or that Plaintiff or Class Counsel receive from the Settlement Amount.
Taxation of Class Settlement Amount. Named Plaintiff acknowledges that neither Defendants, Releasees nor any of their Representatives or Successors-In-Interest shall have any responsibility for any taxes that may be due on the Class Settlement Amount, or on any funds that the Plans, members of the Settlement Class, or Named Plaintiff receive from the Class Settlement Amount. Nothing herein shall constitute an admission or representation that any taxes will or will not be due on the Class Settlement Amount or any allocation or disbursement therefrom.
Taxation of Class Settlement Amount. The Released Parties shall have no responsibility for any taxes due with respect to funds deposited in, income earned on or funds distributed from the Settlement Fund, including funds that the Plaintiffs or Co-Lead Counsel or Other Appointed Counsel receive from the Class Settlement Amount.
Taxation of Class Settlement Amount. Plaintiffs, each Settlement Class Member (on behalf of themselves, their current and former beneficiaries, their representatives, and successors-in-interest), and the Plan acknowledge that the L3Harris Releasees have no responsibility for any taxes due on funds deposited in or distributed from the Settlement Amount or that Plaintiffs or Class Counsel receive from the Settlement Amount.
Taxation of Class Settlement Amount. Named Plaintiff acknowledges on his own behalf, and on behalf of the Settlement Class, that none of the Plaintiff’s Released Persons has any responsibility for any taxes due on funds deposited in the Settlement Fund, including those funds that Class Counsel receives from the Class Settlement Amount, should any be awarded pursuant to Section 10 of this Settlement Agreement. Nothing herein shall constitute an admission or representation that any taxes will or will not be due on the Class Settlement Amount. Named Plaintiff and the Settlement Class intend that the amounts allocated pursuant to the Plan of Allocation will be used to restore claimed losses to the Plan on account of the investment in CPI Stock and are intended by Named Plaintiff and the Settlement Class to be “restorative payments” within the meaning of Revenue Ruling 2002-45.
Taxation of Class Settlement Amount. Plaintiffs, and each Settlement Class Member (on behalf of themselves, their current and former beneficiaries, their representatives and successors-in-interest), and the Plan (by and through the Independent Fiduciary pursuant to Section 2.6), acknowledge that the X. X. Xxxxxxxxx Releasees have no responsibility for any taxes due on funds deposited in or distributed from the Settlement Amount or that Plaintiffs or Class Counsel receive from the Settlement Amount.
Taxation of Class Settlement Amount. Named Plaintiffs acknowledge on their own behalf, and on behalf of the Settlement Class, that the Releasees have no responsibility for any taxes due on funds once deposited in the Settlement Fund or that the Named Plaintiffs or Class Counsel receive from the Class Settlement Amount, should any be awarded pursuant to Article 10 hereof. Nothing herein shall constitute an admission or representation that any taxes will or will not be due on the Class Settlement Amount. The Company will direct the Plan administrator and trustee to treat the amounts allocated pursuant to the Plan of Allocation as restorative payments consistent with Revenue Ruling 2002-45, 2002-2 C.B. 116, 2002 WL 137852.
