Tax Sharing Agreement税金分配合同-4

-28-TaxSharingAgreement税金分配合同核心提示：byandbetweenAAACorporationa_________(STATE)corporationincorporatedin_________(YEAR)andBBBCorporationa_________(STATE)corporationincorporatedin_________(YEAR)_________(M/D/Y)TAXSHARINGAGREEMENTThisTAXSHARINGAGREEMENT(AgreebyandbetweenAAACorporationa_________(STATE)corporationincorporatedin_________(YEAR)andBBBCorporationa_________(STATE)corporationincorporatedin_________(YEAR)_________(M/D/Y)TAXSHARINGAGREEMENTThisTAXSHARINGAGREEMENT(Agreement)isenteredintoasof_________(M/D/Y),byandbetweenAAACorporation,a_________(STATE)corporationincorporatedin_________(YEAR),whichshallberenamedCCCCompanyinconnectionwiththetransactionscontemplatedherein(togetherwithitssuccessorsandpermittedassigns,Parent),BBBCorporation,a_________(STATE)corporationincorporatedin_________(YEAR)(togetherwithitssuccessorsandpermittedassigns,andDDDInc.,a_________(STATE)corporation.WITNESSETHWHEREAS,asofthedatehereof,ParentisthecommonparentofanaffiliatedgroupofcorporationswhichhaselectedtofileconsolidatedFederalIncomeTaxReturns;WHEREAS,ParentandBBBhaveenteredintoaDistributionAgreementsettingforththecorporatetransactionspursuanttowhichParentwilldistributealloftheoutstandingsharesofcommonstockofBBBtoParentshareholdersinatransactionintendedtoqualifyasatax-freedistributionundersection355oftheCode(asdefinedbelow);WHEREAS,asaresultoftheTransactions(asdefinedbelow),membersoftheBBBGroupandmembersoftheMasseyGroupwillbecomemembersofthesameaffiliatedgroupandwillbemembersofthesameaffiliatedgroupforaportionofParent’staxableyearthatincludestheDistributionDate;WHEREAS,asaresultoftheDistribution,BBBanditssubsidiarieswillcease,effectiveasofthedayaftertheDistributionDate,tobemembersoftheaffiliatedgroupofwhichParentisthecommonparent;andWHEREAS,theCompaniesdesiretoprovideforandagreeupontheallocationbetweenthepartiesofliabilitiesforTaxes(asdefinedbelow)arisingpriorto,asaresultof,andsubsequenttotheTransactions,andtoprovideforandagreeuponothermattersrelatingtoTaxes.NOWTHEREFORE,inconsiderationofthemutualagreementscontainedherein,thepartiesherebyagreeasfollows:Section1DefinitionofTerms.(a)General.ForpurposesofthisAgreement(includingtherecitalshereof),thefollowingtermshavethefollowingmeanings:AccountingCutoffDatemeans,withrespecttoanyentity,anydateasoftheendofwhichthereisaclosingofthefinancialaccountingrecordsforsuchentity.AccountingFirmshallhavethemeaningprovidedinSection15.AdjustmentRequestmeansanyformalorinformalclaimorrequestfiledwithanyTaxAuthority,orwithanyadministrativeagencyorcourt,fortheadjustment,refund,orcreditofTaxesincluding(i)anyamendedTaxReturnclaimingadjustmenttotheTaxesasreportedontheTaxReturnor,ifapplicable,aspreviouslyadjusted,or(ii)anyclaimforrefundorcreditofTaxespreviouslypaid,includinganyCarrybackAdjustmentRequest(asdefinedinSection5.04(a)hereof),anyCarryoverAdjustmentRequest(asdefinedinSection5.04(b)hereof),andanyAuditAdjustmentRequest(asdefinedinSection5.04(c)hereof).Affiliatemeansanyentity(anditspredecessors)that,directlyorindirectly,iscontrolledbythepersonorentityinquestion.Controlmeansthepossession,directlyorindirectly,ofthepowertodirectorcausethedirectionofthemanagementandpoliciesofaperson,whetherthroughownershipofvotingsecurities,bycontractorotherwise.Exceptasotherwiseprovidedherein,thetermAffiliateshallrefertoAffiliatesofapersonasdeterminedimmediatelyaftertheDistribution.AgreementshallmeanthisTaxSharingAgreement.AuditAdjustmentmeansanychangetoaTaxItemortheTaxliabilityaspreviouslyreportedorreflectedonaTaxReturnthatisrequiredorotherwiseresultsfromorisattributabletoanaudit,examinationorotherreviewofsuchTaxReturnbyaTaxAuthority,whethersuchaudit,examinationorotherreviewisinitiatedbyaTaxAuthorityoramemberofaGroup.BaseRatemeansone-monthLIBOR,asineffectfromtimetotimeandquotedintheWallStreetJournal,EasternEdition(or,iftheWallStreetJournalceasestobepublishedorceasestopublishone-monthLIBOR,suchotherreliablesourceasthepartiesshallmutuallyselect),compoundedquarterlyonthebasisofayearof365or366(asapplicable)daysandactualdayselapsed.Carrybackmeansanynetoperatingloss,netcapitalloss,foreignTax,excessTaxcredit,orotherTaxItemwhichmayormustbecarriedbackfromoneTaxPeriodtoanotherTaxPeriodundertheCodeorotherapplicableTaxLaw.Carryovermeansanynetoperatingloss,netcapitalloss,foreignTax,excessTaxcreditorotherTaxItemwhichmayormustbecarriedforwardfromoneTaxPeriodtoanotherTaxPeriodundertheCodeorotherapplicableTaxLaw.CodemeanstheU.S.InternalRevenueCodeof1986,asamended,oranysuccessorLaw.CompaniesmeansParentandBBB,collectively,andCompanymeansanyoneofParentandBBB.ConsolidatedorCombinedTaxmeansanyTaxwhichappliesonabasiswherebyoneormoremembersofbothGroupsareconsolidatedorcombinedintoasinglegroup(includingthroughaunitaryTaxReturn),otherthanaconsolidationorcombinationinwhichthemembersofoneGrouparesubjecttotheTaxonlybecausemembersoftheotherGrouparesosubject.ConsolidatedorCombinedTaxReturnmeansanyTaxReturnwhichrelatestoaConsolidatedorCombinedTax.ConsolidatedTaxLiabilitymeans,(i)withrespecttoanyconsolidatedFederalIncomeTaxReturn,thetaxliabilityofthegroupasthattermisusedinTreasuryRegulationSection1.1552-1(b),includinganyapplicablealternativeminimumtax,interest,penalties,additionstotaxandadditionalamountsasprovidedundertheCode,and(ii)withrespecttoanyConsolidatedorCombinedTaxReturnotherthanaTaxReturndescribedintheforegoingclause(i),theconsolidatedorcombinedTaxliabilityofthegroup,includinganyapplicableinterest,penalties,additionstotaxandadditionalamounts,asdeterminedunderapplicableTaxLaws.DistributionmeansthedistributiontoParentshareholdersontheDistributionDateofalloftheoutstandingstockofBBBownedbyParent.DistributionAgreementmeanstheagreement,datedasofthedatehereof,asamendedfromtimetotime,settingforththecorporatetransactionsrequiredtoeffectthedistributiontoParentshareholdersofBBBCommonShares,andtowhichthisTaxSharingAgreementisattachedasanexhibit.DistributionDatemeanstheDistributionDateasthattermisdefinedintheDistributionAgreement.FederalIncomeTaxmeansanyIncomeTaximposedoncorporationsundertheCode.ForeignIncomeTaxmeansanyIncomeTaximposedoncorporationsbyanyforeigncountryoranypossessionoftheUnitedStates,orbyanypoliticalsubdivisionofanyforeigncountryorUnitedStatespossession.GroupmeanstheParentGroup,theMasseyGrouportheBBBGroup,asthecontextrequires.IncomeTaxmeansanyTaxbasedupon,measuredby,orcalculatedwithrespectto(i)netincomeorprofits(includinganycapitalgainsTax,minimumTaxandanyTaxonitemsoftaxpreference,butnotincludingsales,use,realorpersonalproperty,grossornetreceipts,transferorsimilarTaxes)or(ii)multiplebases,ifoneormoreofthebasesuponwhichsuchTaxmaybebased,measuredby,orcalculatedwithrespectto,isdescribedintheforegoingclause(i),ineachcaseinclusiveofanyinterest,penalties,additionstotaxoradditionalamountsinrespectoforrelatedtotheforegoing.JointAdjustmentmeansanyadjustmentproposedbyaTaxAuthorityoranyclaimforrefundassertedinaTaxContestwhichisneitheraBBBAdjustmentnoraParentAdjustment.LawmeansanyFederal,State,localorotherlaworgovernmentalrequirementofanykindandtherules,regulationsandorders(administrativeorjudicial)promulgatedthereunder.MasseyGroupmeansDDDanditsdirectandindirectsubsidiarieswhichwouldbeincludedinitsaffiliatedgrouppursuanttoCodeSection1504ifDDDweretheparentofsuchgroup,provided,however,forpurposesofthisAgreementsaidCodeSection1504shallbeappliedby(i)substituting50percentfor80percentateachplacewherethewords80percentappearinCodeSection1504(a)(2),and(ii)treatingasanincludiblecorporationanycorporationwhichotherwisewouldnotconstituteanincludiblecorporationpursuanttoCodeSection1504(b).BBBAdjustmentmeansanyadjustmenttoaTaxItemorTaxliabilityproposedbyaTaxAuthorityoranyclaimforrefundassertedinaTaxContesttotheextentBBBwouldbeexclusivelyliableforanyresultingTaxunderthisAgreementandexclusivelyentitledtoreceiveanyresultingTaxBenefitunderthisAgreement.BBBGroupmeans(i)forperiodsuptoandincludingtheDistributionDate,ParentanditsdirectandindirectsubsidiarieswhichareincludedinitsaffiliatedgrouppursuanttoCodeSection1504,butexcludingmembersoftheMasseyGroupand(ii)forperiodsaftertheDistributionDate,BBBanditsdirectandindirectsubsidiarieswhichareincludedinitsaffiliatedgrouppursuanttosection1504oftheCode,provided,however,forpurposesofthisAgreementsaidCodeSection1504shallbeappliedby(i)substituting50percentfor80percentateachplacewherethewords80percentappearinCodeSection1504(a)(2),and(ii)treatingasanincludiblecorporationanycorporationwhichotherwisewouldnotconstituteanincludiblecorporationpursuanttoCodeSection1504(b).OtherCompanymeans,withrespecttoaTaxReturn,theCompanywhichisnottheResponsibleCompanywithrespecttothatTaxReturn.ParentAdjustmentmeansanyadjustmenttoaTaxItemorTaxliabilityproposedbyaTaxAuthorityoranyclaimforrefundassertedinaTaxContesttotheextentParentwouldbeexclusivelyliableforanyresultingTaxunderthisAgreementandexclusivelyentitledtoreceiveanyresultingTaxBenefitunderthisAgreement.ParentGroupmeans(a)forperiodsuptoandincludingtheDistributionDate,theMasseyGroupand(b)forperiodsaftertheDistributionDate,ParentandtheMasseyGroup.PaymentDatemeans(i)withrespecttoanyconsolidatedFederalIncomeTaxReturnwhichincludesmembersofboththeParentGroupandtheBBBGroup,theduedateforanyrequiredinstallmentofestimatedtaxesdeterminedunderCodeSection6655,theduedate(determinedwithoutregardtoextensions)forfilingthereturndeterminedunderCodeSection6072,andthedatethereturnisfiled,and(ii)withrespecttoanyotherConsolidatedorCombinedTaxReturn,thecorrespondingdatesdeterminedundertheapplicableTaxLaw.ResponsibleCompanymeans,withrespecttoanyTaxReturn,theCompanywhichisresponsibleforpreparingandfilingtheTaxReturnunderthisAgreement.RestructuringTaxmeansanyTaximposedonorwithrespecttoanyincomeorgainrecognizedasaresultofanyoneormoreoftheTransactions.RulingmeanstheprivateletterrulingissuedbytheInternalRevenueServiceinresponsetotheRulingRequest,includinganyamendmentsorsupplementstosuchprivateletterruling.RulingRequestmeanstheletterfiledbyParentwiththeInternalRevenueServicerequestingarulingfromtheInternalRevenueServiceregardingcertainTaxconsequencesoftheTransactions(includingallattachments,exhibits,andothermaterialssubmittedwithsuchrulingrequestletter)andanyamendmentsorsupplementstosuchrulingrequestletter.SectionmeansSectionsofthisAgreement,exceptwhereotherwiseindicated.SeparateCompanyTaxmeansanyTaxapplicableonlytoamemberormembersofasingleGroup.SeparateCompanyTaxReturnmeansanyTaxReturnwhichrelatestoaSeparateCompanyTax.StateIncomeTaxmeansanyIncomeTaximposedoncorporationsbyanyStateoftheUnitedStatesorbyanypoliticalsubdivisionofanysuchState.StraddlePeriodmeansanyTaxPeriodwhichincludesoneormoremembersoftheBBBGrouportheParentGroupfortheentireTaxPeriodandwhichincludesoneormoremembersoftheotherGroupforonlyaportionofsuchTaxPeriod.TaxorTaxesmeansanyincome,grossincome,grossreceipts,profits,capitalstock,franchise,withholding,payroll,socialsecurity,workerscompensation,unemployment,disability,property,advalorem,stamp,excise,severance,occupation,service,sales,use,license,lease,transfer,import,export,valueadded,alternativeminimum,estimatedorsimilartax(includinganyfee,assessment,orotherchargeinthenatureoforinlieuofanytax)imposedbyanygovernmentalentityorpoliticalsubdivisionthereof,andanyinterest,penalties,additionstotax,oradditionalamountsinrespectoforrelatedtotheforegoing.TaxAuthoritymeans,withrespecttoanyTax,thegovernmentalentityorpoliticalsubdivisionthereofthatimposessuchTax,andtheagency(ifany)chargedwiththecollectionofsuchTaxforsuchentityorsubdivision.TaxBenefitmeansanyrefund,credit,orotherreductioninotherwiserequiredTaxpayments(includinganyreductioninestimatedTaxpayments),including,withoutlimitation,anyreductioninaTaxliabilityattributabletodeductionsresultingfromexpenses,depreciation,amortizationorothersources.TaxContestmeansanaudit,review,examination,oranyotheradministrativeorjudicialproceedingwiththepurposeoreffectofredeterminingTaxesofanyoftheCompaniesortheirAffiliates(includinganyadministrativeorjudicialreviewofanyclaimforrefund)foranyTaxPeriodendingonorbefore,orincluding,theDistributionDateandanyStraddlePeriod.TaxItemmeans,withrespecttoanyIncomeTax,anyitemofincome,gain,loss,deduction,orcredit.TaxLawmeanstheLawofanygovernmentalentityorpoliticalsubdivisionthereofrelatingtoanyTax.TaxPeriodmeans,withrespecttoanyTax,theperiodforwhichtheTaxisreportedasprovidedundertheCodeorotherapplicableTaxLaw.TaxRecordsmeansTaxReturns,TaxReturnworkpapers,documentationrelatingtoanyTaxContests,andanyotherbooksofaccountorrecordsrequiredtobemaintainedundertheCodeorotherapplicableTaxLawsorunderanyrecordretentionagreementwithanyTaxAuthority.TaxReturnmeansanyreportofTaxesdue,anyclaimsforrefundofTaxespaid,anyinformationreturnwithrespecttoTaxes,oranyothersimilarreport,statement,declaration,ordocumentrequiredtobefiledundertheCodeorotherTaxLaw,includinganyattachments,exhibitsorothermaterialssubmittedwithanyoftheforegoing,andincludinganyamendmentsorsupplementstoanyoftheforegoing.TransactionsmeanstheDistributionandanyofthepreliminarytransactionswhichmembersoftheBBBGrouportheMasseyGroupimplementorparticipateinsoastopreparefororotherwisefacilitatetheDistribution.TreasuryRegulationsmeanstheregulationspromulgatedfromtimetotimeundertheCodeasineffectfortherelevantTaxPeriod.With/WithoutAllocationMethodmeans,withrespecttoanyConsolidatedorCombinedTax,themethodologyforallocatingtheliabilityforsuchTaxamongandbetweentheParentGroupandtheBBBGroupinaccordancewiththeprinciplesandprovisionsofSection2.01orSection2.02,whichevermaybeapplicable.(b)OtherDefinitionalProvisions.(i)AnytermnotdefinedaboveshallhavethemeaningascribedtheretointhetextofthisAgreementwheresuchtermisfirstused.(ii)Thewordshereof,herein,andhereunderandwordsofsimilarimport,whenusedinthisAgreement,shallrefertothisAgreementasawholeandnottoanyparticularprovisionofthisAgreement.(iii)Termsdefinedinthesingularshallhaveacomparablemeaningwhenusedintheplural,andviceversa.(iv)Thewordsincludesandincludingshallbeconstruedasthoughfollowedbywithoutlimitationorwordsofsimilarimport,unlessthecontextclearlyrequiresotherwise.Section2.AllocationofTaxLiabilities.2.01AllocationofUnitedStatesFederalIncomeTax.ExceptasprovidedinSection2.04andsubjecttoSection3:(a)SeparateTaxPeriods.InsofarastheBBBGroupand/ortheParentGroupfileFederalIncomeTaxReturnsforanyTaxPeriodswhichdonotincludeanymemberoftheotherGroup,thefilingGroupshallbeliablefor(andshallindemnifyandholdtheotherGroupharmlessfrom)anyFederalIncomeTaxthatisattributabletosuchTaxPeriods.(b)CombinedTaxableYears.IfoneormoremembersoftheBBBGroupandoneormoremembersoftheParentGroupareincludedinthesameconsolidatedFederalIncomeTaxReturn:(i)AllocationofTax.Foranyrelevanttaxableyearbeginningafter_________(M,D,Y),(1)theConsolidatedTaxLiabilityfortheentiretaxableyearshallbecomputedbyexcludingtheBBBGroup(theFederalWithoutAmount)and(2)theConsolidatedTaxLiabilityfortheentiretaxableyearshallbecomputedbyincludingtheBBBGroup(butonlyfortheportionofsuchtaxableyearduringwhichtheBBBGroupisincludedintheconsolidatedFederalIncomeTaxReturn)butwithouttakingintoaccountlossesorotherdeductionsorcreditsoftheParentGroupnotusedincalculatingtheFederalWithoutAmountandlossesorotherdeductionsorcreditsoftheBBBGroupnotusedintheconsolidatedFederalIncomeTaxReturn,whetheranysuchlosses,deductionsorcreditsoftheParentGrouportheBBBGroupariseinsuchtaxableyearorarecarriedforwardorbackfromanothertaxableyear(theFederalWithAmount).TheParentGroupshallbeallocatedandliablefortheFederalWithoutAmount.TheBBBGroupshallbeallocatedandliablefortheexcess,ifany,oftheFederalWithAmountovertheFederalWithoutAmount.IftheFederalWithAmountexceedstheFederalWithoutAmount,BBBshallpaytheexcessamounttoParentinaccordancewiththeapplicableprovisionsofSection5.IftheFederalWithAmountislessthantheFederalWithoutAmount,ParentshallpaytheamountofthedifferencetoBBBinaccordancewiththeapplicableprovisionsofSection5.TheallocationofTaxliabilitiesunderthisSection2.01(b)(i)istheFederalAllocationMethod.(ii)AllocationofConsolidatedFederalTaxAdjustments.IfthereisanyAuditAdjustmenttoanyTaxItemforanyrelevantTaxPeriodbeginningafter_________(M,D,Y),theFederalWithAmountandtheFederalWithoutAmountshallberecalculated,inaccordancewiththeprinciplesofSection2.01(b)(i),toreflectsuchAuditAdjustment.BBBshallbeallocatedandliablefor,andshallpaytoParentinaccordancewiththeprovisionsofSection5,theamountdescribedinwhicheverone(butnotmorethanone)ofthefollowingthreeclausesisapplicable:(1)theamountbywhichtheexcessoftheFederalWithAmountovertheFederalWithoutAmountasrecalculatedisgreaterthansuchexcessaspreviously(andmostrecently)calculatedunderthisSection2.01(b),(2)theamountbywhichtheexcessoftheFederalWithoutAmountovertheFederalWithAmountasrecalculatedislessthansuchexcessaspreviously(andmostrecently)calculated,or(3)thesumoftheexcessoftheFederalWithAmountovertheFederalWithoutAmountasrecalculatedplustheexcessoftheFederalWithoutAmountovertheFederalWithAmountaspreviously(andmostrecently)calculated.Parentshallbeallocatedandliablefor,andshallpaytoBBBinaccordancewiththeprovisionsofSection5,theamountdescribedinwhicheverone(butnotmorethanone)ofthefollowingthreeclausesisapplicable:(1)theamountbywhichtheexcessoftheFederalWithAmountovertheFederalWithoutAmountasrecalculatedislessthansuchexcessaspreviously(andmostrecently)calculatedunderthisSection2.01(b),(2)theamountbywhichtheexcessoftheFederalWithoutAmountovertheFederalWithAmountasrecalculatedisgreaterthansuchexcessaspreviously(andmostrecently)calculated,or(3)thesumoftheexcessoftheFederalWithoutAmountovertheFederalWithAmountasrecalculatedplustheexcessoftheFederalWithAmountovertheFederalWithoutAmountaspreviously(andmostrecently)calculated.ThepartiesagreeandunderstandthattheirrespectiveobligationstomakepaymentshereunderresultingfromAuditAdjustmentsshallapplyincircumstanceswhereinthereisnoadditionalnetTaxliabilitypayabletoaTaxAuthorityattributabletotheadjustmentofoneormoreTaxItemsontheapplicableTaxReturnbuttheadjustmentsresultinchangestotheFederalWithAmountand/orFederalWithoutAmountasrecalculatedtoreflectallsuchAuditAdjustments.(iii)CompensationforLossofTaxCredits.Thisparagraphappliesif,asaresultofincludingmembersoftheParentGroupandmembersoftheBBBGroupinaconsolidatedFederalIncomeTaxReturnforaTaxPeriod(suchTaxPeriod,anApplicableTaxPeriod,andsuchreturn,anApplicableConsolidatedReturn),(A)theminimumtaxcreditsorotherFederalIncomeTaxcreditsgeneratedbytheParentGroupandavailableasacarryovertoasubsequentTaxPeriodarelessthansuchcarryovercreditswouldbeifsuchmembersoftheBBBGrouphadnotbeenincludedinsuchApplicableConsolidatedReturn(theexcessof(1)theamountofcreditsthatwouldhavebeengeneratedandavailableasacarryoveriftheBBBGrouphadnotbeenincludedintheApplicableConsolidatedReturn,over(2)theamountofsuchcreditsgeneratedandavailableasacarryoverbytheParentGroupisreferredtohereinastheDisplacedCredits);(B)theportionoftheFederalIncomeTaxliabilityforsuchApplicableTaxPeriodthatisallocatedtotheBBBGroupunderthisSection2.01islessthantheFederalIncomeTaxthattheBBBGroupwouldhaveincurred,ifithadnotbeenincludedinsuchApplicableConsolidatedReturn,fortheportionoftheApplicableTaxPeriodduringwhichtheBBBGroupisincluded