Pre-Effective Amendment to Registration of Securities Issued in a Business-Combination Transaction — Form S-4
Filing Table of Contents
Document/Exhibit Description Pages Size
1: S-4/A Amendment No. 1 to Form S-4 141 745K
2: EX-3.1 Articles of Incorporation of the Company 10 36K
3: EX-3.2 By-Laws of the Company 9 42K
4: EX-3.3 Articles of Incorporation of Kilovac 75 142K
5: EX-3.4 By-Laws of Kilovac 20 76K
6: EX-3.5 Articles of Incorporation of Kilovac International 2 14K
7: EX-3.6 By-Laws of Kilovac International 19 76K
8: EX-4.1 Indenture, Dated September 18, 1997 147 467K
9: EX-4.2 Purchase Agreement, Dated September 12, 1997 40 132K
10: EX-4.3 Registration Rights Agreement 33 121K
11: EX-10.1 Ramzi A. Dabbagh Employment Agreement 8 34K
19: EX-10.10 Security Agreement, Dated September 18, 1997 53 154K
20: EX-10.11 Stock Subscription & Purchase Agreement 29 161K
21: EX-10.13 Environmental Remediation & Escrow Agreement 16 45K
22: EX-10.14 Lease Agreement, Dated July 2, 1996 31 116K
23: EX-10.15 2nd Amend. to Stock Subscription & Purchase Agrmt 8 36K
24: EX-10.17 Amend. to the Recapitalization Agreement 61 280K
25: EX-10.18 Indemnification & Escrow Agreement 12 57K
26: EX-10.19 Stockholders Agreement, Dated September 18, 1997 27 98K
12: EX-10.2 G. Daniel Taylor Employment Agreement 8 34K
27: EX-10.20 Registration Agreement, Dated September 18, 1997 27 98K
28: EX-10.21 Form of Junior Subordinated 10 47K
29: EX-10.22 Kilovac & Dan McAllister Employment Agreement 4 26K
30: EX-10.23 Kilovac & McPherson Employment Agreement 4 27K
31: EX-10.24 Kilovac & Rick Danchuk Employment Agreement 4 27K
32: EX-10.25 Kilovac & Robert A. Helman Employment Agreement 4 27K
13: EX-10.3 Michael A. Steinback Employment Agreement 4 25K
14: EX-10.4 David Henning Employment Agreement 3 21K
15: EX-10.5 Management Agreement, Dated September 18, 1997 5 25K
16: EX-10.6 Tax Sharing Agreement 4 21K
17: EX-10.8 Pledge Agreements, Dated September 18, 1997 17 62K
18: EX-10.9 Subsidiary Guarantee, Dated September 18, 1997 14 55K
33: EX-12.1 Statement of Computation of Ratios 1 15K
34: EX-21.1 Subsidiaries of the Company, Kilovac & Kilovac Int 1 12K
35: EX-23.1 Consent of Deloitte & Touche LLP 1 13K
36: EX-23.2 Consent of Deloitte & Touche 1 13K
37: EX-23.3 Consent of Deloitte & Touche LLP 1 13K
38: EX-99.1 Form of Letter of Transmittal 11 57K
39: EX-99.2 Form of Notice of Guaranteed Delivery 4 24K
40: EX-99.3 Form of Tender Instructions 2± 16K
EX-10.6 — Tax Sharing Agreement
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EXHIBIT 10.6
TAX SHARING AGREEMENT
This agreement is effective as of September 18, 1997 between CII
Technologies, Inc., a Delaware corporation ("CII"), Communications Instruments,
Inc., a North Carolina corporation ("Communications Instruments"), Kilovac
Corporation, a California corporation ("Kilovac"), Kilovac International Inc., a
California corporation ("Kilovac International"); and Kilovac International FSC
Ltd., Inc., a Jamaican corporation ("FSC", and together with Communications
Instruments, Kilovac, Kilovac International, collectively the "Subsidiaries" or
individually a "Subsidiary").
Recitals
--------
A. CII is the common parent of an affiliated group of corporations (the "CII
Group") as defined by Section 1504(a) of the Internal Revenue Code of 1986,
as amended (the "Code"). CII, Communications Instruments, Kilovac, Kilovac
International, and FSC are all members of the CII Group.
B. CII and the Subsidiaries wish to file a consolidated federal income tax
return and certain state combined and/or consolidated income tax returns.
C. CII and the Subsidiaries wish to define the method by which the income tax
liability of each entity will be paid.
Therefore, CII, Communications Instruments, Kilovac, Kilovac International, and
FSC hereby agree as follows:
1. CII, Communications Instruments, Kilovac, Kilovac International, and FSC
will join in the filing of a federal consolidated income tax return and
will execute any necessary consents.
2. CII will prepare a consolidated federal income tax return for the CII Group
for each taxable year in accordance with the requirements of the Code and
any regulations thereunder which will show the CII Group's consolidated
federal income tax liability (the "CII Group Federal Income Tax
Liability"). CII will also prepare a combined or consolidated state or
local income tax return for each state or locality where the CII Group
reports on a combined or consolidated basis showing the CII Group's
combined or consolidated state or local income tax liability (each, a "CII
Group State or Local Income Tax Liability").
3. Communications Instruments will compute, for each taxable year in which it
is a member of the CII Group, the consolidated federal income tax liability
(the "Communications Group Federal Income Tax Liability") of the group of
corporations for which it would be the common parent if those corporations
constituted a consolidated group for federal income tax purposes (the
"Communications Group"). Communications Instruments will also compute, for
each state or locality where the CII Group reports on a combined or
consolidated basis,
the Communications Group, combined or consolidated state or local income
tax liability (each, a "Communications Group State or Local Income Tax
Liability") based on the assumption that Communications Instruments is the
parent of such group.
4. Each Subsidiary will compute, for each taxable year during which it is a
member of the CII Group, the federal income tax liability that it would
incur if it filed a federal income tax return on a separate-company basis
for such year (taking into account solely results form that taxable year)
("Separate Company Federal Income Tax Liability").
5. For purposes of computing Separate Company Federal Income Tax Liability:
a. Dividends received from another member of the CII Group will be
eliminated.
b. Deferred intercompany gain or loss (as provided by Reg. (S)1.1502-13
and any successors thereto) and gain attributable to any excess loss
account (as provided by Reg. (S)1.1502-19 and any successor thereto)
will be taken into account at the time and to the extent that such
item is taken into the taxable income of the CII Group under the
consolidated return regulations and any successors thereto.
c. Any benefit to the CII Group of lower bracket amounts under Code
(S)11(b)(1) (and any other items specified in Code (S)1561(a)) shall
be shared equally among all members of the CII Group.
6. With respect to any income a Subsidiary reported on a combined or
consolidated state or local income tax return with other members of the CII
Group, that Subsidiary shall compute for each taxable year during which it
is a member of the CII Group, the state or local income tax liability that
it would incur if it filed a state or local income tax return on a
separate-company basis for such year (taking into account solely results
from that taxable year) ("State or Local Income Tax Liability"). Each
Subsidiary's State or Local Income Tax Liability shall be determined based
on principles similar to those outlined in paragraph 5.
7. Each of Kilovac International and FSC shall pay the amount of its
respective Separate Company Federal Income Tax Liability and any State or
Local Income Tax Liability to Kilovac. Kilovac shall pay the amount of its
Separate Company Federal Income Tax Liability and any State or Local Income
Tax Liability, as well as all amounts received from Kilovac International
and FSC pursuant to the preceding sentence, to Communications Instruments.
Communications Instruments shall pay the amount of its Communications Group
Federal Income Tax Liability and any Communications Group State or Local
Income Tax Liability to CII. In no event will the amount required to be
paid by Communications Instruments to CII exceed the CII Group Consolidated
Federal Income Tax Liability or, for each state or locality in which
combined or consolidated returns are filed, the relevant CII Group State or
Local Income Tax Liability. Payments shall be made hereunder on an
estimated basis not more frequently than quarterly, but at least
biannually; provided that each
quarterly payment made to CII shall not be made before 10 days prior to the
date CII's quarterly estimated tax payments are due to the respective
federal or state government. If payments received hereunder for any
taxable year are different than the amount finally determined under
paragraphs 3, 4, 5, and 6 as limited by the fourth and fifth sentences of
this paragraph 7 after calculations of the final group liabilities under
paragraph 2, CII shall refund to the appropriate Subsidiary or the
appropriate Subsidiary shall pay to CII (pursuant to the procedures set out
in this paragraph 7), as the case may be, the amount of such difference no
later than the date upon which CII files the applicable consolidated
federal income tax return or combined or consolidated state or local income
tax return for the CII Group.
8. Separate Company Federal Income Tax Liability, State or Local Income Tax
Liability, Communications Group Federal Income Tax Liability or the
Communications Group State or Local Income Tax Liability shall be
recomputed if the income tax items of such Subsidiary is recompute on audit
or otherwise. Any interest and penalties related to such recomputed items
shall be (i) allocated to the Subsidiary whose items are recomputed and
(ii) paid by such Subsidiary as if it were a Separate Company Federal
Income Tax Liability or a State or Local Income Tax Liability.
9. This agreement shall remain in effect for those taxable periods the income
from which is includable in the consolidated federal income tax return or a
combined or consolidated state or local income tax return filed by the CII
Group, notwithstanding the fact that (1) any Subsidiary ceases to be a
member of the CII Group or (2) a new entity becomes a member of the CII
Group.
Entered into on September 18, 1997.
CII Technologies, Inc.
By__________________________________
Its_________________________________
Communications Instruments, Inc.
By__________________________________
Its_________________________________
Kilovac Corporation
By__________________________________
Its_________________________________
Kilovac International Inc.
By__________________________________
Its_________________________________
Kilovac International FSC Ltd., Inc.
By__________________________________
Its_________________________________
Dates Referenced Herein and Documents Incorporated by Reference
| Referenced-On Page |
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| This ‘S-4/A’ Filing | | Date | | First | | Last | | | Other Filings |
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| |  |
| Changed as of / Corrected on: | | 3/2/98 |
| Filed on: | | 2/20/98 | | | | | | | S-4/A |
| Filed as of: | | 12/11/97 | | | | | | | S-4/A |
| | 9/18/97 | | 1 | | 4 |
| List all Filings |
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