.NET 2.0 Global.asax code in separate file

One of the subtle differences I've found while working with web projects in Visual Studio 2005 is the Global.asax code is placed in script tags within the actual .asax page, not a codebehind file, as it was with .NET 1.1. This article describes how to set up the Global.asax file to utilize the Global.asax.cs codebehind file.