Insurance and Tax. The Contractor will receive an amount equal to 25 percent of the approved force account payroll exclusive of additives of administrative cost as full compensation for property damage and liability, workers’ compensation insurance premiums, unemployment insurance contributions, and social security taxes of force account work.
Insurance and Tax. In calculating the amount of any Loss, (a) the Loss shall be calculated on an After-Tax Basis and (b) the amounts actually recovered by the Indemnified Party under any insurance policy, net of any out-of-pocket costs and expenses actually incurred and expected increases in premiums in connection with such claim, shall be deducted. In any case where an Indemnified Party recovers insurance proceeds in respect of any Loss for which an Indemnifying Party has reimbursed it pursuant to this Article X or Section 7.08, the Indemnified Party shall promptly pay over to the Indemnifying Party such insurance proceeds, less any out-of-pocket costs and expenses actually incurred in connection with such claim and expected increases in premiums; provided, that in no event shall the Indemnifying Party be paid an amount in excess of the amounts previously paid by the Indemnifying Party in respect of such Loss.
Insurance and Tax. Any indemnification payments hereunder shall take into account any insurance proceeds or other third party reimbursement actually received and shall be net of any reduction in Taxes paid by the Company or Buyer to the extent the claim for which indemnification is sought gives rise to a deduction, amortizable amount or credit. For purposes of determining whether the Company or Buyer has received any Tax benefit during any taxable year, any item of deduction or credit resulting from such claim for indemnification shall be treated as the last item of deduction or credit.
