Cross-Indemnification Agreement互相补偿协议

-23-Cross-IndemnificationAgreement互相补偿协议核心提示：THISCROSSINDEMNIFICATIONAGREEMENT(thisAgreement),datedasofthis_________,_________,_________(M,D,Y),isenteredintobyandamongAAACOMPANY(theCompany),DAVIDG.BRADLEY(thePrincipalSellingStockholder)andBBB1(theTrust)(thePrinTHISCROSSINDEMNIFICATIONAGREEMENT(thisAgreement),datedasofthis_________,_________,_________(M,D,Y),isenteredintobyandamongAAACOMPANY(theCompany),DAVIDG.BRADLEY(thePrincipalSellingStockholder)andBBB1(theTrust)(thePrincipalSellingStockholderandtheTrustindividually,aStockholderandcollectively,theStockholders);RECITALS:WHEREAS,theStockholdersholdalloftheoutstandingsharesoftheCompany’scapitalstock(theCommonStock);andWHEREAS,theCompanyhaselectedtobetaxedasanSCorporationundertheCode;andWHEREAS,theStockholdersarenowcontemplatingofferingandsellingtheirsharesofCommonStocktothepublic(theInitialPublicOffering);andWHEREAS,theCompanyplans,effectivepriortotheclosingoftheInitialPublicOffering,toterminateitsSCorporationelection(theTerminationDate);andWHEREAS,aftertheTerminationDate,theStockholdersseparatelywillcontinuetobeliablefortheirownfederal,state,andlocalincometaxesontheCompany’sTaxItemsthatpassthroughtotheStockholdersundertheprovisionsofSubchapterSoftheCodeandanysimilarprovisionsofstateandlocallawforallperiodspriortothetimetheCompanyceasestobeanSCorporation,andtheCompanywillbesubjecttoacorporateleveltaxunderSubchapterCoftheCodeandcertainstateandlocaltaxingstatutesforperiodsthereafter;andWHEREAS,thepurposeofthisAgreementistosetforththeagreementoftheCompanyandtheStockholderswithrespecttocertainadjustmentstothefederal,stateandlocalpersonalincometaxliabilityoftheStockholdersattributabletoTaxItemsoftheCompanythatpassthroughtotheStockholdersundertheprovisionsofSubchapterSoftheCodeandanysimilarprovisionsofstateandlocallawforperiodsduringwhichtheCompanyisanSCorporation;NOW,THEREFORE,forgoodandvaluableconsideration,thereceiptandlegalsufficiencyofwhichareherebyacknowledged,thepartiesagreeasfollows:ARTICLEIDEFINITIONSSection1.1ForpurposesofthisAgreementthefollowingdefinitionsshallapply:AccountingFirmisdefinedinSection4.1.AdjustmentshallmeananyfinalchangeinanyTaxIteminitiatedbytheIRS,stateorlocaltaxingauthorityoranyotherrelevanttaxingauthority.Agreementisdefinedinthepreamble.CCorporationshallmeananCcorporationwithinthemeaningofSection1361oftheCodeandanysimilarprovisionsofstateandlocallaw.CCorporationTaxBenefitshallmeanaTaxBenefitoftheCompanywithrespecttoanyPostClosingPeriod.CCorporationTaxDetrimentshallmeanaTaxDetrimentoftheCompanywithrespecttoanyPostClosingPeriod.CodeshallmeantheInternalRevenueCodeof1986,asamendedandineffectforthetaxableperiodinquestion.CommonStockisdefinedintherecitals.Companyisdefinedinthepreamble.FinalDeterminationshallmeanthefinalresolutionofanyIncomeTaxliability(includingallrelatedinterestandpenalties)forataxableperiod.AFinalDeterminationshallresultfromthefirsttooccurof:(i)theexpirationofthirty(30)daysafterIRSacceptanceofaWaiver,unless,withinsuchperiod,thetaxpayergivesnoticetotheotherpartyofthetaxpayer’sintentiontoattempttorecoverallorpartofanyamountpaidpursuanttotheWaiverbythefilingofatimelyclaimforrefund;(ii)adecision,judgment,decreeorotherorderbyacourtofcompetentjurisdictionthatisnotsubjecttofurtherjudicialreview(byappealorotherwise)andhasbecomefinal;(iii)theexecutionofaclosingagreementundersection7121oftheCodeortheacceptancebytheIRSoritscounselofanofferincompromiseundersection7122oftheCodeorcomparableagreementsunderthelawsofotherjurisdictions;(iv)theexpirationofthetimeforfilingaclaimforrefundorforinstitutingsuitinrespectofaclaimforrefunddisallowedinwholeorpartbytheIRSorotherrelevanttaxingauthority;(v)anyotherfinaldispositionofthetaxliabilityforsuchperiodbyreasonoftheexpirationoftheapplicablestatuteoflimitations;or(vi)anyothereventthatthepartiesagreeisafinalandirrevocabledeterminationoftheliabilityatissue.IncomeTaxshallmeanfederalincometaxesandstateandlocaltaxesimposedupon,ormeasuredby,income.IncomeTaxincludesinterest,penalties,andrelatedadditionstotax.IndemnitorisdefinedinSection3.2.IRSshallmeantheUnitedStatesInternalRevenueServiceoranysuccessor,including,butnotlimitedto,itsagents,representativesandattorneys.PartyshallmeaneithertheCompany,thePrincipalSellingStockholderortheTrust(asthecasemaybe).PreClosingPeriodshallmeananytaxableperiodendingonorpriortotheTerminationDate.ProRataShareshallmeaneachStockholder’sproportionateshareofCommonStockownedontherelevantdateorheldduringtherelevantperiod,whichproportionateshareshallbedeterminedbasedon,amongotherthings,(i)thenumberofsharesofCommonStockheldbytheStockholderontherelevantdateorduringtherelevantperiodincomparisontothenumberofsharesofCommonStockheldbyallStockholdersasoftherelevantdateorduringtherelevantperiod,and(ii)whether,andtheextenttowhich,theStockholderheldsharesofCommonStockontherelevantdateorduringtherelevantperiod.PostClosingPeriodshallmeananytaxableperiodthatisnotaPreClosingPeriod.PrincipalSellingStockholderisdefinedinthepreamble.SCorporationshallmeananScorporationwithinthemeaningofSection1361oftheCodeandanysimilarprovisionsofstateandlocallaw.SCorporationTaxBenefitshallmeantheaggregateTaxBenefitoftheStockholdersresultingfromanAdjustmenttoaTaxItemoftheCompanywithrespecttoanyPreClosingPeriod.SCorporationTaxDetrimentshallmeantheaggregateTaxDetrimentoftheStockholdersresultingfromanAdjustmenttoaTaxItemoftheCompanywithrespecttoanyPreClosingPeriod.StockholderandStockholdersaredefinedinthepreamble.TaxBenefitshallmeananydecreaseintheIncomeTaxliabilityofaPartyforanytaxableperiodasaresultofanAdjustment.AnAdjustmentshallbedeemedtoresultinaTaxBenefittoaPartyonlyif,whenandtotheextentthatsuchParty’sIncomeTaxliabilityforataxableperiodislessthanitwouldhavebeenifsuchliabilityweredeterminedwithoutregardtosuchAdjustment.TaxDetrimentshallmeananyincreaseintheIncomeTaxliabilityofaPartyforanytaxableperiodasaresultofanAdjustment.AnAdjustmentshallbedeemedtoresultinaTaxDetrimenttoaPartyonlyif,whenandtotheextentthatsuchParty’sIncomeTaxliabilityforataxableperiodisgreaterthanitwouldhavebeenifsuchliabilityweredeterminedwithoutregardtosuchAdjustment.TaxItemshallmeananytaxitem(including,butnotlimitedto,itemsofincome,gain,loss,deduction,credit,recaptureofcredit,basisoradjustedbasis)whichaffectstheIncomeTaxespaidorpayablebyaParty.TerminationDateisdefinedintherecitals.Trustisdefinedinthepreamble.WaivershallmeanaWaiverofRestrictionsonAssessmentandCollectionofDeficiencyinTaxandAcceptanceofOverassessmentonFederalRevenueForm870or870-AD(oranysuccessorcomparableformortheexpirationofacomparableperiodwithrespecttoanycomparableagreementorformunderthelawsofotherjurisdictions).ARTICLEIIINDEMNIFICATIONFORCERTAINTAXESSection2.1If,basedonaFinalDetermination,theCompanyisdeemedtohavebeenaCCorporationduringanyPreClosingPeriod,eachStockholderseverally,butnotjointly,agreestocontributetothecapitaloftheCompanyitsProRataShareoftheamountnecessarytoholdtheCompanyharmlessfromanyIncomeTaxes(netofanyrefunds)arisingfromsuchFinalDetermination.Notwithstandingtheforegoing,eachStockholder’sobligationunderthisSection2.1shallbelimitedtothetotaldistributionstotheStockholdermadebytheCompanythroughandincludingtheTerminationDate,reducedbyanyIncomeTaxes(netofanyrefunds)oftheStockholdersattributabletosuchdistributions.Section2.2IfthereisanAdjustmentwithrespecttoaTaxItemoftheCompanywhichresultsinanSCorporationTaxDetrimentandacorrespondingCCorporationTaxBenefit,theCompanyshallpaytotheStockholdersinproportiontotheirrelativeTaxDetriments(whichcollectivelygaverisetotheSCorporationTaxDetriment)anamountequaltothelesserof(i)suchSCorporationTaxDetrimentand(ii)suchCCorporationTaxBenefit.Section2.3IfthereisanAdjustmentwithrespecttoaTaxItemoftheCompanywhichresultsinanCCorporationTaxDetrimentandacorrespondingSCorporationTaxBenefit,eachStockholderseverally,butnotjointly,shallpaytotheCompanyinproportiontotheirrelativeTaxBenefits(whichcollectivelygaverisetotheSCorporationTaxBenefit)anamountequaltothelesserof(i)suchCCorporationTaxDetrimentand(ii)suchSCorporationTaxBenefit.Section2.4EachPartymusttakeallreasonablestepstosecureinatimelymanneranyTaxBenefittowhichtheyareentitledandwhichcorrespondstoaTaxDetrimentcoveredbySections2.2or2.3above.Section2.5AnypaymentrequiredunderthisArticleIIshallbemadewithinthirty(30)daysafterthedateonwhichboththeTaxDetrimentandthecorrespondingTaxBenefit(ascoveredbySections2.2or2.3above,respectively)havebeenrecognizedbythePartiesexcept,ifthePartiesareunabletoagreethatsuchpaymentisdue,suchpaymentshallbemadewithinthirty(30)daysafteradeterminationregardingsuchpaymentismadebytheAccountingFirmpursuanttotheproceduressetforthinArticleIV.Notwithstandingtheforegoing,inthecaseofadeferredTaxBenefitwhichmaybereasonablymeasuredandcalculatedandwhichthereisareasonableexpectationofrecognitionbythebenefitedParty,thePartiesagreetodeemsuchdeferredTaxBenefitascurrentlyrecognizedinanamountequaltothepresentvalueofsuchdeferredTaxBenefitforpurposesofanypaymentrequiredunderthisArticleII.ARTICLEIIITAXFILINGS,COOPERATIONANDEXCHANGEOFINFORMATIONSection3.1WithrespecttoanyPreClosingPeriod,ArthurAndersenLLP(orsuchotheraccountingfirmastheStockholdersandtheCompanyshallmutuallyagreetoinwriting)shallprepareandfilealltaxreturnsoftheCompanyforsuchtaxableperiodsunderthedirectionoftheStockholders.TheCompanyshallbepermittedtoreviewandcommentoneachsuchtaxreturndescribedintheprecedingsentencepriortofilingandtomakerevisionstosuchtaxreturnsasthePartiesagreeafterfull,goodfaithconsultation,orpursuanttothedisputeresolutionprovisionssetforthinArticleIVhereof.Section3.2WheneveraPartybecomesawareofanissuewhichcouldgiverisetopaymentorindemnificationfromtheotherPartyunderArticleII,suchPartyshallpromptlygivenoticeoftheissuetotheotherParty(theIndemnitor).TheIndemnitoranditsrepresentatives,attheIndemnitor’sexpense,shallbeentitledtoparticipateinallconferences,meetingsorproceedingswiththeIRSorothertaxingauthoritywithrespecttotheissue.IftheIndemnitorismorethanoneStockholder,thePrincipalSellingStockholdershallparticipateinsuchconferences,meetingsandproceedingswiththeCompany,theIRSortheapplicabletaxingauthorityonbehalfofallStockholders,butshallnotbepermittedtosettleanylitigationoragreetoanyAdjustmentorindemnificationpaymentwithoutthepriorwrittenconsentoftheTrust.Section3.3ThePartiesagreetoconsultandcooperatefullywitheachother,asandtotheextentreasonablyrequestedbytheotherParty,inconnectionwiththepreparationandfilingofanytaxreturnspursuanttothisArticleIIIandtheaudit,negotiation,settlementorlitigationofanyAdjustmentthatmaygiverisetoanypaymentoranindemnificationobligationunderthisAgreement.Suchcooperationshallincludetheretentionand(upontheotherParty’srequest)theprovisionofrecordsandinformationwhicharereasonablyrelevanttoanysuchfiling,audit,negotiation,settlementorlitigationandmakingemployeesavailableonamutuallyconvenientbasistoprovideadditionalinformationandexplanationofanymaterialprovidedhereunder.Alldecisionswithrespecttosuchfiling,audit,negotiation,settlementorlitigationshallbemadebythePartiesafterfull,goodfaithconsultationorpursuanttothedisputeresolutionprovisionssetforthinArticleIVhereof.NotwithstandinganythinginthisArticleIIItothecontrary,theStockholders,intheirsolediscretion,mayelecttodirectandcontrol,attheirownexpense,anyaudit,negotiation,settlementorlitigationofanyissuewhichcouldgiverisetopaymentorindemnificationfromtheStockholdersunderArticleIIorotherwiseadverselyaffecttheStockholders;provided,however,nofinaldecisionwithrespecttosuchaudit,negotiation,settlementorlitigationshallbemadebytheStockholderswithoutfirstcomplyingwiththeprovisionsoftheprecedingsentence.Section3.4TheCompanyagrees(i)toretainallbooksandrecordsforanyPreClosingPeriodinwhichtheCompanywastaxableasanSCorporationuntiltheexpirationoftheapplicablestatuteoflimitations(and,totheextentnotifiedbytheStockholders,anyextensionsthereof),and(ii)togivetheStockholdersreasonablewrittennoticepriortotransferring,destroyingordiscardinganysuchbooksandrecordsand,iftheStockholderssorequest,theyshallbeallowedtotakepossessionofsuchbooksandrecords.Section3.5TheCompanyshallnotamendanyPreClosingPeriodtaxreturnoftheCompanywithoutthepriorwrittenconsentoftheStockholders,andshallnottakeapositionwithrespecttoaTaxItemoftheCompanyreflectedonanyPostClosingPeriodtaxreturnoftheCompanythatisinconsistentwithapositiontakenonaPreClosingPeriodtaxreturnoftheCompanyunlesstheCompanyeitherreceivesthepriorwrittenconsentofthePrincipalSellingStockholderorsuchpositionwillnotresultinanSCorporationTaxDetriment.ARTICLEIVDISPUTESSection4.1IfthePartiesare,afternegotiationingoodfaith,unabletoagreeupontheappropriateapplicationofthisAgreement,thecontroversyshallbesettledbytheaccountingfirm(theAccountingFirm)remainingonthelistoffirmssetforthonScheduleAheretoaftertheCompanyandthePrincipalSellingStockholder,commencingwiththePrincipalSellingStockholder,shallhaveobjectedseriatimtotheotherfirmsonthelist.ThedecisionoftheAccountingFirmshallbefinal,andeachoftheCompanyandtheStockholdersagreeimmediatelytopaytotheotheranyamountdueunderthisAgreementpursuanttosuchdecisionorotherwisefollowthedecisionorinstructionsoftheAccountingFirm.TheexpensesoftheAccountingFirmshallbeborneonehalfbytheCompanyandonehalfbytheStockholders(onaProRataSharebasis),unlesstheAccountingFirmspecifiesotherwise.ARTICLEVMISCELLANEOUSSection5.1TermofAgreement.ThisAgreementshallbecomeeffectiveasofthedateofitsexecutionandshallcontinueinfullforceandeffectindefinitely.Section5.2Severability.IfanytermofthisAgreementisheldbyacourtofcompetentjurisdictiontobeunenforceable,theremainderofthetermssetforthhereinshallremaininfullforceandeffectandshallinnowaybeimpaired.ThePartiesstipulatethattheywouldhaveexecutedtheremainingtermswithoutincludinganywhichmayhereafterbedeclaredunenforceable.Intheeventthatanytermisheldtobeunenforceable,thePartiesshallusetheirbesteffortstofindanalternativemeanstoachievethesameorsubstantiallythesameresultasthatcontemplatedbysuchterm.Section5.3Assignment.ExceptbyoperationoflaworinconnectionwiththesaleofallorsubstantiallyalltheassetsoftheCompany,thisAgreementshallnotbeassignable,inwholeorinpart,directlyorindirectly,byonePartywithoutthepriorwrittenconsentoftheotherParties.AnyattempttoassignanyrightorobligationsarisingunderthisAgreementwithoutsuchconsentshallbevoid.However,theprovisionsofthisAgreementshallbebindingupon,inuretothebenefitofandbeenforceablebythePartiesandtheirrespectivesuccessorsandpermittedassigns.Section5.4FurtherAssurances.SubjecttotheprovisionsofthisAgreement,thepartiesshallacknowledgesuchotherinstrumentsanddocuments,andtakeallotheractions,asmaybereasonablyrequiredinordertoeffectuatethepurposesofthisAgreement.Section5.5PartiesinInterest.Exceptashereinotherwisespecificallyprovided,nothinginthisAgreementexpressedorimpliedisintendedtoconferanyrightorbenefituponanyperson,firmorcorporationotherthanthePartiesandtheirrespectivesuccessorsandpermittedassigns.Section5.6Waivers,Etc.NofailureordelayonthepartofanyPartyinexercisinganypowerorrightunderthisAgreementshalloperateasawaiverthereof,norshallanysingleorpartialexerciseofanysuchrightorpower,oranyabandonmentordiscontinuanceofstepstoenforcesuchrightorpower,precludeanyotherorfurtherexercisethereofortheexerciseofanyotherrightorpower.NomodificationorwaiverofanyprovisionofthisAgreementnorconsenttoanydeparturebyanypartytherefromshallinanyeventbeeffectiveunlessitshallbeinwriting,andthensuchwaiverorconsentshallbeeffectiveonlyinthespecificinstanceandforthepurposewhichgiven.Section5.7Set-off.AllpaymentstobemadebyanyPartyunderthisAgreementshallbemadewithoutsetoff,counterclaimorwithholding,allofwhichareexpresslywaived.Section5.8ChangeofLaw.If,duetoanychangeinapplicablelaworregulationortheinterpretationthereofbyanycourtorothergoverningbodyhavingjurisdictionsubsequenttothedateofthisAgreement,performanceofanyprovisionofthisAgreementshallbeimpracticableorimpossible,thePartiesshallusetheirbesteffortstofindalternativemeanstoachievethesameorsubstantiallythe