Tax Allocation Agreement税金分配协议

-20-TaxAllocationAgreement税金分配协议核心提示：THIS_________(YEAR)TAXALLOCATIONAGREEMENT(Agreement)isenteredintoeffectiveasoftheDeconsolidationDatebeing_________(M/D/Y)betweenAAACorp.,a_________(STATE)corporationwithitsprincipalplaceofbusinessbeing_________(CITY),_THIS_________(YEAR)TAXALLOCATIONAGREEMENT(Agreement)isenteredintoeffectiveasoftheDeconsolidationDatebeing_________(M/D/Y)betweenAAACorp.,a_________(STATE)corporationwithitsprincipalplaceofbusinessbeing_________(CITY),_________(STATE),BBBCompany,alsoa_________(STATE)corporationwithitsprincipalplaceofbusinessbeing_________(CITY),_________(STATE),andthosedomesticsubsidiariesofBBBlistedbelowasadditionalparties.(AAA,BBB,andthoseBBBsubsidiarieslistedbelowarehereinaftercollectivelyreferredtoasthePartiesandsingularlyasaParty,whileBBBanditsdomesticsubsidiariesarecollectivelyreferredtoasBBB).RECITALSWHEREAS,AAAandBBBpreviouslyenteredintothatcertainFirstAmendedandRestatedTaxAllocationAgreement(hereinaftertheBaseAgreement)executedinAugust1991generallyprovidingfortheapportionmentandallocationoffederalincomeandothertaxliabilitiesbetweentheParties;andWHEREAS,thePartiessubsequentlymodifiedthetermsoftheBaseAgreement,asreflectedinModificationAtotheFirstAmendedandRestatedTaxAllocationAgreementexecutedin_________(YEAR)(theBaseAgreementandModificationAarehereinaftercollectivelyreferredtoastheEarlierAgreements)soastofurtherspecifytheiragreementastotheapportionmentandallocationoffederalincomeandothertaxliabilities;andWHEREAS,AAAisconsideringsellingacertainnumberofsharesofcommonstockthatitownsinBBB,thusreducingitsownershipinterestinBBBbelow80percentandtherebyprecludingAAAfromcontinuingtoincludeBBBintheconsolidatedfederalincometaxreturnspreparedbyAAAascommonparentforthetaxableperiodsfollowingtheDeconsolidationDate;WHEREAS,BBBhasrepresentedinvariouspublicstatementsthattheDeconsolidation,whencoupledwiththeeffectivenessoftheEarlierAgreementsandthisAgreement,willnothaveamaterialadverseeffectonitsfinancialconditionorresultsofoperations;andWHEREAS,theEarlierAgreementsdonotfullyaddresstheobligationsofthePartiesvis-a-visoneanotheruponDeconsolidation;andWHEREAS,thePartieshaveagreedtochangecertainoftheprovisionsoftheEarlierAgreementsandthuswouldliketomemorializesuchagreementregardingtheirrespectiverights,obligations,andintentionsastoanytaxpaymentstobemadebyBBBtoAAAorbyAAAtoBBBduringthePost-DeconsolidationDatePeriodbutrelatedtothePre-ConsolidationDatePeriodand,inparticular,theParties’rights,obligations,andintentionswithrespectto(i)paragraph7ofModificationAand(ii)anyrefundofTaxestobereceivedbytheConsolidatedGroupattributabletothefouryearsfrom$(YEAR)throughandincluding_________(YEAR),andhavesuchtermsgenerallysupersedethoseoftheEarlierAgreements.NOW,THEREFORE,thePartiestothisAgreementagreeasfollows:ARTICLEIDEFINITIONS1.1DEFINITIONS:AsusedinthisAgreement,thefollowingtermshavethefollowingmeanings:CodemeanstheInternalRevenueCodeof1986,asamended,orcorrespondingprovisionsofanysubsequentfederaltaxlaws.ConsolidatedGroupmeanstheaffiliatedgroupofcorporationsofwhichAAAisthecommonparentcorporation,assuchtermsaredefinedinCodess.1504(a)(1).ConsolidatedMinimumTaxCredit(s)meanstheconsolidatedminimumtaxcredit(s)computedinaccordancewithCodess.ss.53,1502,and1503,andshownonaConsolidatedReturnwithrespecttothosetaxperiodsuptoandincludingtheDeconsolidationDate.ConsolidatedReturnmeanstheconsolidatedfederalincometaxreturnoftheConsolidatedGroupforeachtaxableyearasfiledortobefiledbyAAAonbehalfoftheConsolidatedGroup.ConsolidatedTaxLiabilitymeans,generally,theconsolidatedfederalincometaxliabilitycomputedinaccordancewithTreasuryRegulationss.1.1502-2andshownonaConsolidatedReturn,takingintoaccountallcreditstowhichtheConsolidatedGroupisentitledundertheCode,butnottakingintoaccountanyconsolidatedalternativeminimumtaxliability(asprovidedunderCodess.ss.55,1502,and1503)oranyConsolidatedMinimumTaxCredit.DeconsolidationmeansthateventwhichcausesAAAtonolongerhavetherequisiteownershipinterestinBBBsoastoallowthePartiestofileasaConsolidatedGroup.DeconsolidationDatemeansthatdatewhenAAAandBBBnolongerconstituteaConsolidatedGroup.EarlierAgreementshasthatmeaningascribedtoitintheRecitals.PartyandPartieshavethatmeaningascribedtothemintheRecitals.Pre-DeconsolidationDatePeriodmeans,chronologically,thosetaxyearspriortothe_________(YEAR)taxyearplusthatperiodintimebeginning_________(M/D/Y)andendingonandincludingtheDeconsolidationDate.Post-DeconsolidationDatePeriodmeans,chronologically,thatperiodfollowingtheDeconsolidationDate.TaxesorTaxmeansfederalincometaxesasprovidedinCodess.11,alternativeminimumtaxasprovidedinCodess.55,andanystatetaxesmeasuredbynetincome(includingstatetaxesmeasuredbynetincomereflectedinanyUnitaryTaxReturnsfiledbyAAA)andanyinterestorpenaltiesthereon.ThetermTaxesorTax,however,specificallyexcludesanytaximposedbyanyforeigngovernment.UnitaryTaxReturnmeansastateincometaxreturnwhichreflectsthecombinedand/orconsolidatedreporting(eitheronadomesticorworldwidebasis)ofAAAanditsaffiliatesforastatewhicheither(i)imposesitsincometaxonitsapportionedand/orallocableshareofthenetincomeanditsUnitedStatesaffiliatesthatareengagedinaunitarybusiness,partofwhichisconductedinthestateor(ii)imposesitsincometaxonitsapportionedand/orallocableshareofthenetincomeofataxpayeranditsaffiliates--bothdomesticandforeign--thatareengagedinaunitarybusiness.Othertermsdefinedhereinhavethemeaningsgiventhem.ARTICLEIITAXINDEMNIFICATION2.1AAA’STAXINDEMNIFICATIONFORTHEPRE-DECONSOLIDATIONDATEPERIOD:AAAshallbeliablefor,indemnify,andholdBBBharmlessforallTaxes(i)imposedonorincurredbyBBBforthePre-DeconsolidationDatePeriodand(ii)equitablyapportionedtoBBBbyAAAforalltaxperiodsbeginningbeforeandendingaftertheDeconsolidationDate.AAA,inturn,shallbeentitledtoreceiveallrefundsofTaxesattributabletothePre-DeconsolidationDatePeriod,ifany,fromeithertheapplicabletaxauthoritiesorBBB(intheeventsuchrefund(s)havebeenmadedirectlytoBBB),exceptwithrespecttothe$10.5millionamountsetforthinSection2.3(a)below.2.2BBB’S_________(YEAR)TAXLIABILITYANDPAYMENT(a)BBB’ssoleliabilityforTaxesfortheportionofthePre-DeconsolidationDatePeriodattributabletothe_________(YEAR)taxyearshallbebasedonBBB’spreparationofitsportionofAAA’s_________(YEAR)ConsolidatedReturnandAAA’sreviewthereof.AnydiscrepanciesbetweenBBB’sreturnpositionandAAA’ssubsequentreviewshallberesolvedbyconsultationbyeachParty’srespectivetaxofficersandAAA’sultimatedeterminationshallbecontrollingaslongassuchdeterminationdoesnothaveamaterialadverseeffectonBBB’sfinancialconditionorresultsofoperations.(b)ThePartiesagreethatindeterminingBBB’sallocableshareofthe(i)Unitaryand(ii)ConsolidatedTaxLiabilitiesforthe_________(YEAR)taxyearthattheyshallfollowtheallocationandmethodologysetforthintheEarlierAgreements.(c)BBBshallpayAAAitsallocableshareoftheestimatedUnitaryandConsolidatedTaxLiabilitiesforthe_________(YEAR)taxyear,netofany_________(YEAR)Codess.29credits,within45daysfromtheDeconsolidationDate.Atrue-uppayment,shouldonebenecessary,shallbemadebyBBBtoAAAorAAAtoBBBwithin15daysafterAAA’ssubsequentdeterminationofBBB’sliabilitybasedontaxableincomeandtaxcreditsreportedaspartofAAA’s_________(YEAR)UnitaryandConsolidatedReturnsandBBB’sseparatestateTaxreturns.(d)AAAshallbeliablefor,indemnify,andholdBBBharmlessforallTaxesattributabletotheeventofDeconsolidation.2.3OTHERPAYMENTSTOBEMADEBETWEENTHEPARTIES(a)AAAisobligatedtopaytoBBB$,_________attributabletoafederalincometaxrefundtobereceivedbyAAAforthefourtaxyearsfrom_________(YEAR)throughandincluding_________(YEAR).(b)InconsiderationofAAA’staxindemnificationassetforthinSection2.1tothisAgreement,BBBshallbeobligatedtopaytoAAA$,_________nolaterthanontheDeconsolidationDate.(c)IntheeventAAAhasnotpaidBBBthe$,_________refundamountbytheDeconsolidationDate,BBBshallhavetherighttooffsetits$,_________indemnificationpaymentobligationtoAAAbysuch$,_________sumthusresultinginanetpaymentbyAAAtoBBBof$,_________nolaterthanontheDeconsolidationDate.ARTICLEIIIMINIMUMTAXCREDITANDRELATEDMATTERSASSOCIATEDWITHDECONSOLIDATION3.1CONSOLIDATEDMINIMUMTAXCREDIT(a)AscurrentlycalculatedbyAAA,noConsolidatedMinimumTaxCreditshavebeenallocatedtoBBBbyAAAbasedonConsolidatedReturnsfiledthroughtaxyearendedDecember31,1994underthemethodologyfollowedforthePre-DeconsolidationDatePeriodandAAAhasnotmadeanydeterminationofBBB’sallocableshareofConsolidatedMinimumTaxCreditsforthe_________(YEAR)taxyear.IntheeventConsolidatedMinimumTaxCreditsareallocatedtoBBB,BBBshallbeobligatedtoreimburseAAAfortheamountofsuchcreditsallocatedtoBBBupontheoccurrenceoftheearlierofthefollowingtwoevents:(i)ThedateofBBB’sfilingofitsfederalincometaxreturnforthetaxyearinthePost-DeconsolidationDatePeriodwhenBBButilizesanyreallocatedConsolidatedMinimumTaxCredits;or(ii)ThedateofAAA’sfilingitsfederalincometaxreturnforthetaxyearinthePost-DeconsolidationDatePeriodwhenAAAcouldhaveutilizedsuchConsolidatedMinimumTaxCreditsbutisprecludedfromdoingsobecauseofthereallocationtoBBB.(b)ForpurposesofSection3.1(a)(ii),noConsolidatedMinimumTaxCreditswillbeconsideredusablebyAAAuntilAAAcouldhavefirstutilizedallConsolidatedMinimumTaxCreditsremainingwithAAAafterthereallocation.AnyminimumtaxcreditsgeneratedbyAAAinthePost-DeconsolidationDatePeriodshallbedisregardedinmakingthisdetermination.ForpurposesofSection3.1(a)(i),noConsolidatedMinimumTaxCreditswillbeconsideredasutilizedbyBBBuntilBBBfirstutilizesallminimumtaxcreditsithasgeneratedinthePost-DeconsolidationDatePeriod.(c)ForpurposesofSection3.1(a),anypaymentstobemadebetweenBBBandAAAmaybemadeformorethanonetaxyearofthePost-DeconsolidationDatePerioduntilthereallocatedConsolidatedMinimumTaxCreditisused(orcouldhavebeenused)initsentirety.3.2CONSOLIDATEDMINIMUMTAXCREDITALLOCATIONADJUSTMENTS:IntheeventtheamountoftheConsolidatedMinimumTaxCreditsallocatedtoBBBareadjustedresultinginareductionofConsolidatedMinimumTaxCreditspreviouslyutilizedbyBBBandapaymenthasbeenmadebyBBBtoAAApursuanttothetermsofSection3.1,AAAshallbeobligatedtopayBBBforanyassessmentmadeagainstitbytheInternalRevenueServiceattributabletosuchadjustment.PaymentshallbemadebyAAAtoBBBonthedayBBBpaystheInternalRevenueServiceforsuchassessment.ARTICLEIVAUDITSANDOTHERTAXPROCEEDINGS4.1GENERALCOOPERATIONANDEXCHANGEOFINFORMATION(a)BBBshallprovide,orcausetobeprovided,toAAAcopiesofallcorrespondencereceivedfromanytaxingauthoritybyBBBinconnectionwiththeliabilityofthePartiesforTaxesforthePre-DeconsolidationDatePeriod.BBBshallalsoprovideAAAwithaccesstoorcopiesofanymaterialsrequestedbyAAAwhichwouldassistAAAinresolvinganytaxmattersfortheConsolidatedGroupforthePre-DeconsolidationDatePeriod.Further,thePartieswillprovideeachotherwithsuchcooperationandinformationastheymayreasonablyrequestofeachotherinpreparingorfilinganyreturn,amendedreturn,orclaimforrefund,indeterminingliabilityorrightofrefund,orinconductinganyauditorotherproceeding,inrespectofTaxesimposedonthePartiesortheirrespectiveaffiliatesincluding,bywayofexample,informationrelatingtonetoperatinglosses,foreigntaxcredits,overallforeignlosses,andexcesslossaccounts..(b)AAAononehandandBBBontheotherhandandtheiraffiliateswillpreserveandretainallreturns,schedules,workpapers,andallmaterialrecordsorotherdocumentsrelatingtoanysuchreturns,claims,audits,orotherproceedingsuntiltheexpirationofthestatutoryperiodoflimitations(includingextensions)ofthetaxableperiodstowhichsuchdocumentsrelateanduntilthefinaldeterminationofanypaymentswhichmayberequiredwithrespecttosuchperiodsunderthisAgreementandshallmakesuchdocumentsavailableatthethen-currentcorporateheadquartersofsuchPartytotheotherPartyoranyaffiliatethereof,andtheirrespectiveofficers,employees,andagents,uponreasonablenoticeandatreasonabletimes,itbeingunderstoodthatsuchrepresentativeshallbeentitledtomakecopiesofanysuchbooksandrecordsrelatingtoAAAorBBBastheyshalldeemnecessary.(c)AAAononehandandBBBontheotherhandfurtheragreetopermitrepresentativesoftheotherPartyoranyaffiliatethereoftomeetwithemployeesofsuchPartyonamutuallyconvenientbasisinordertoenablesuchrepresentativestoobtainadditionalinformationandexplanationsofanydocumentsprovidedpursuanttothisSection4.1.AAAononehandandBBBontheotherhandshallmakeavailabletotherepresentativesoftheotherPartyoranyaffiliatethereofsufficientworkspaceandfacilitiestoperformtheactivitiesdescribedinthisSection.AnyinformationobtainedpursuanttothisSection4.1shallbekeptconfidential,exceptasmaybeotherwisenecessaryinconnectionwiththefilingofreturnsorclaimsforrefundorinconductinganyauditorotherproceeding.EachPartyshallprovidethecooperationandinformationrequiredbythisSection4.1atitsownexpense.4.2AUDITS:IntheeventofanauditbytheInternalRevenueService,orbyanystateorlocaltaxauthority,ofareturnfiledbyAAAforthePre-DeconsolidationDatePeriod,AAAshallgiveBBBtimelyandreasonablenoticeofauditproceedingsandBBBwillprovideallnecessaryinformationandotherassistancereasonablyrequestedbyAAAwithrespecttoissuesconcerningtheactivitiesofBBB.AllcommunicationswiththeInternalRevenueServiceconcerningsuchauditwillbemadebyAAAunlessotherwiseagreedbetweenthePartieshereto.4.3MATERIALADVERSEIMPACTTOBBB:NotwithstandingtheprovisionsofSection4.2,thePartiesagreethatinnoeventshallAAAfileanyamendedtaxreturn,claimforrefund,ormakeanytaxelectionaffectingthePre-DeconsolidationDatePeriodthatwouldhaveanymaterialadverseimpactonBBB’sfinancialconditionorresultsofoperationswithoutfirstobtainingthewrittenpermissionofBBB.ARTICLEVUNITARYTAXRETURNSFORPOST-DECONSOLIDATIONDATEPERIODFILINGSAAAagreestocontinuetofileanyUnitaryTaxReturnsand