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Common use of Election Out Clause in Contracts

Election Out. To make the “election out” under Section 6221.

Appears in 2 contracts

Sources: Operating Agreement (Indie Semiconductor, Inc.), Operating Agreement (Thunder Bridge Acquisition II, LTD)

Related Clauses

  • Section 336(e) Election
  • Election Period
  • 83(b) Election
  • Election
  • Section 83(b) Election

Parent Clauses

  • Miscellaneous
  • No Recourse
  • Tax Audit
  • Tax Audit of the Partnership under Consolidated Tax Audit Rules
  • Actions Requiring Prior Approval of Manager
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