Class C - Full Deduction Clause Samples
The 'Class C - Full Deduction' clause establishes that certain expenses or losses classified under 'Class C' are fully deductible for the purposes specified in the agreement, such as tax calculations or cost allocations. In practice, this means that all qualifying costs within this category can be subtracted in their entirety from the relevant base, such as taxable income or project budgets, without limitation or partial allowance. This clause ensures that parties can maximize allowable deductions for these specific items, thereby reducing their overall financial liability and providing clarity on the treatment of such expenses.
Class C - Full Deduction. 1. For failure to supply, when requested, photostatic copies of written proof of court orders and specific days spent in court for any excusable reason.
2. For failure to file proper absence request forms in sufficient time to allow the Superintendent to rule on the request.