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Common use of Allocation Election Clause in Contracts

Allocation Election. 2 ARTICLE III - TAXES........................................................ 2

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)

Parent Clauses

  • Allocation of Income
  • Termination of S Corporation Status and Allocation of Income
  • Termination of S Corporation Status and Allocations of Income
  • COVENANTS OF THE PARTIES
  • Covenants of the Company Concerning Termination of S Election

Sub-Clauses

  • FILING TAX RETURN FOR THE TERMINATION YEAR
  • Limit on Indemnification Amount
  • DISPUTE RESOLUTION
  • LIABILITY FOR TAXES INCURRED BY THE COMPANY
  • Time of Indemnification Payment
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