Common use of Election Clause in Contracts

Election. The undersigned taxpayer elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”), to include in gross income as compensation for services the excess (if any) of the fair market value of the property described below over the amount paid for such property.

Appears in 18 contracts

Samples: Unit Grant Agreement (Black Knight, Inc.), Unit Award Agreement (PSAV, Inc.), Unit Award Agreement (PSAV, Inc.)

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Election. The undersigned taxpayer hereby elects, pursuant to Section § 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”)amended, to include in gross income as compensation for services the excess (if any) of the fair market value of the property shares described below over the amount paid for such propertythose shares.

Appears in 10 contracts

Samples: Restricted Profits Interest Award Agreement (GS Acquisition Holdings Corp II), Incentive Unit Grant Agreement (Sovos Brands, Inc.), Restricted Stock Agreement (Real Goods Solar, Inc.)

Election. The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”)amended, to include in taxpayer’s gross income as compensation for services the excess (if any) of the fair market value of the property shares described below over the amount paid for such propertythose shares.

Appears in 8 contracts

Samples: 2012 Equity Incentive Plan (PBF Energy Inc.), Restricted Stock Agreement for Employee (PBF Holding Co LLC), Equity Incentive Plan Restricted Stock Agreement (PBF Energy Inc.)

Election. The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”), to include in gross income as compensation for services the excess (if any) taxpayer’s current taxable year of the fair market value of the property described below over at the amount paid time of transfer as compensation for such propertyservices.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Itec Environmental Group Inc), Restricted Stock Agreement (Eco2 Plastics Inc), Restricted Stock Agreement (Itec Environmental Group Inc)

Election. The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”)amended, to include in gross income as compensation for services the excess (if any) of the fair market value of the property described below over the amount paid for such property.

Appears in 7 contracts

Samples: Restricted Stock Agreement (NEP Group, Inc.), Form of Restricted Stock Agreement (NEP Group, Inc.), Restricted Stock Agreement (Parsley Energy, Inc.)

Election. The undersigned taxpayer elects, hereby elects pursuant to Section §83(b) of the Internal Revenue Code of 1986, as amended (the “Code”)amended, to include in gross income as compensation for services the excess (if any) of the fair market value of the property shares described below over the amount paid for such propertythose shares.

Appears in 3 contracts

Samples: Early Exercise Incentive Stock Option Agreement (Sailpoint Technologies Holdings, Inc.), Early Exercise Incentive Stock Option Agreement (Sailpoint Technologies Holdings, Inc.), Early Exercise Incentive Stock Option Agreement (Sailpoint Technologies Holdings, Inc.)

Election. The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”)amended, to include in his or her gross income as the amount of any compensation for services the excess (if any) of the fair market value taxable to him or her in connection with his or her receipt of the property described below over the amount paid for such property.below:

Appears in 2 contracts

Samples: Restricted Stock Purchase Agreement (Auxilio Inc), Restricted Stock Purchase Agreement (Axonics Modulation Technologies, Inc.)

Election. The undersigned taxpayer hereby elects, pursuant to Section § 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”)amended, to include in gross income as compensation for services the excess (if any) of the fair market value of the property shares described below over the amount (if any) paid for such propertythose shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Sra International, Inc.)

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Election. The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”)amended, to include in gross income as compensation for services the excess (if any) of the fair market value of the property described below Units (as defined below) over the amount paid for such propertythose Units.

Appears in 1 contract

Samples: Restricted Unit (Oasis Midstream Partners LP)

Election. The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”)amended, and pursuant to Treasury Regulations Section 1.83-2, to include in gross income as compensation for services the excess (if any) of the fair market value of the property shares described below over the amount paid for such propertybelow.

Appears in 1 contract

Samples: Boustead Wavefront (Boustead Wavefront Inc.)

Election. The undersigned taxpayer elects, hereby elects pursuant to Section §83(b) of the Internal Revenue Code of 1986, as amended (the “Code”)amended, to include in gross income as compensation for services the excess (if any) of the fair market value of the property described below over the amount paid for such property.

Appears in 1 contract

Samples: Incentive Unit Grant Agreement (KC Holdco, LLC)

Election. The undersigned taxpayer elects, hereby elects pursuant to Section §83(b) of the Internal Revenue Code of 1986, as amended (the “Code”)amended, to include in gross income as compensation for services the excess (if any) of the fair market value of the property units described below over the amount paid for such propertythose shares.

Appears in 1 contract

Samples: Ltip Unit Award Agreement (Vornado Realty Lp)

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