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This excerpt taken from the UNH 10-K filed Feb 11, 2009. 15.5 Taxes All taxes (including any estimated taxes, interest, or penalties) arising with respect to the income earned by the Settlement Account (“Taxes”), and the expenses and costs incurred in connection with the operation and implementation of Section 15.4 (including, without limitation, expenses of tax attorneys and/or accountants and the mailing and distribution costs and expenses relating to filing or failing to file the returns described in Section 15.4 (“Tax Expenses”)), shall be paid out of the Settlement Account. In all events, the Parties and their respective counsel shall not have any liability or responsibility for the Taxes, Tax Expenses, or the filing of any tax returns or other documents with the Internal Revenue Service or any other state or local taxing authority. Taxes and Tax Expenses shall be treated as, and considered to be, a cost of administration of the Settlement Account and shall be paid timely by the Claims Administrator out of the Settlement Account without prior order of the Court. |
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