Allocation Election. The Company shall elect to allocate tax items ------------------- to its S Short Year and C Short Year pursuant to the normal tax accounting method (rather than the pro rata allocation method) contained in Section 1362(e)(3)
Appears in 2 contracts
Sources: S Corporation Termination and Tax Allocation Agreement (Shoe Pavilion Inc), S Corporation Termination and Tax Allocation Agreement (Shoe Pavilion Inc)
Allocation Election. The Company shall elect to allocate tax items ------------------- to its S Short Year and C Short Year pursuant to the normal tax accounting method (rather than the pro rata allocation method) contained in Section 1362(e)(3)) of the Code.
Appears in 2 contracts
Sources: S Corporation Termination, Tax Allocation and Indemnification Agreement (A Consulting Team Inc), S Corporation Termination and Tax Allocation Agreement (A Consulting Team Inc)