Definition of Tax Plan


Tax Plan means the Tax Benefits Preservation Plan, dated as of December 8, 2015, as amended, between the Company and American Stock Transfer & Trust Company, LLC.

Examples of Tax Plan in a sentence

Parent shall, or shall cause the Surviving Entity to, honor all employee benefit obligations to Employees receiving disability payments or on disability status or with outstanding balances or claims, as applicable, at the Effective Time under the Company Group Health and Lower Tax Plan and the Company Group Life and Disability Plan (both of which are listed in Section 5.1(h)(i) of the Company Disclosure Schedule).
Within sixty (60) days of delivery of the Option Notice, landlord shall deliver written notice to Tenant (the "Sale Notice") of Landlord's determination, in its sole and absolute discretion, of whether or not Landlord's Tax Plan may not be accomplished at such time by the Sale of the Property to Tenant.
For the avoidance of doubt, references in this Schedule to the Tax Plan are to the Tax Plan as it may be amended from time to time pursuant to the provisions of this Schedule.
In the aggregate during the Sale Limitation Period, neither Investor may sell Class B Shares in excess of the number of shares equal to the quotient of (A) the net proceeds of the Offerings as recorded on the balance sheet of HoldCo (and which shall be net of any purchase of shares by any Qualified Tax Plan) minus the cost to redeem all Class B Shares pursuant to Section 1.6(d), and (B) $5.00.
In the aggregate during the Sale Limitation Period, MTS may not sell MTS Shares in excess of the number of shares equal to the quotient of (i) the net proceeds of the Offerings as recorded on the balance sheet of HoldCo (and which shall be net of any purchase of shares by any Qualified Tax Plan) minus the cost to redeem all MTS Shares pursuant to paragraph 1.6(e), and (ii) $12.50.