IRC SECTION definition

IRC SECTION means a section of the Internal Revenue Code of 1986, as amended, or the corresponding provision of any successor Internal Revenue law, as in effect as of the date of the Settlor's death or the date this Trust Agreement becomes irrevocable, whichever occurs first.
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IRC SECTION shall refer to the Internal Revenue Code sections referenced in this Agreement or any amendment thereto applicable during the term of this Agreement.
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IRC SECTION means a section of the Code, or the corresponding section of any successor internal revenue law, as in effect at the appropriate time.
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Examples of IRC SECTION in a sentence

  • The parties hereby agree to create the Resilient Floor Covering Excess Benefit Plan to pay pension benefits in excess of the IRC SECTION 415 limits applicable to the Resilient Floor Covering Pension Fund.

  • IRC SECTION 125 ‘PREMIUM-ONLY PLAN” B-4 Effective the 1989-90 insurance year, the District shall implement an IRC Section 125 "premium-only plan" for unit members.

  • The General Partner is authorized and hereby directed to cause the Partnership to be classified for federal income tax purposes as a DISREGARDED ENTITY NOT SUBJECT TO TAXABLE AS A SEPARATE TAXABLE ENTITY WITHIN THE MEANING OF I.R.C. SECTION 7701(a)(3).

  • THE PORTION OF THE PREMIUMS PROVISION PERTAINING TO THE LIMITS OF IRC SECTION 402(G) IS DELETED.

  • In addition, investment of Plan assets is expressly authorized, as required by Revenue Ruling 81-100, in each of the following common or collective funds sponsored by the Trustee, or an affiliate of the Trustee (16): SOCIETY NATIONAL BANK EB MANAGED GUARANTEED INCOME CONTRACT FUND, THE SOCIETY NATIONAL BANK MULTIPLE INVESTMENT TRUST FOR EMPLOYEE BENEFIT TRUSTS, AND OTHER COLLECTIVE TRUSTS EXEMPT FROM TAX UNDER IRC SECTION 501 AND AS DESCRIBED IN REV.

  • EXHIBIT TO PURCHASE AND SALE AGREEMENT 4020-0014 EXHIBIT H IRC SECTION 1445 CERTIFICATION SUBJECT PROPERTY: That certain tract of land ("Land"), situated in Polk County, State of Florida, described by metes and bounds in Exhibit A attached hereto.

  • Buyer agrees to cooperate should Seller elect to sell the Property as part of a like-kind exchange under IRC SECTION 1031.

  • IRC SECTION 125 PLAN The Company has an IRC Section 125 Premium Only Plan to allow employees to set aside pre-tax dollars to pay health care premiums.

  • SANTORUFO IS URGED TO CONSUL▇ ▇▇▇ ▇▇▇SONAL TAX ADVISOR WITH RESPECT TO THE EFFECT OF ELECTION PURSUANT TO IRC SECTION 83(b) AND THE ADVISABILITY OF HIS SO ELECTING WITH RESPECT TO THE UNVESTED SHARES.

  • The definition of "Overtime Bank" shall be as given in Clause 16.11.

Related to IRC SECTION

  • Tomographic section means the volume of an object whose x-ray attenuation properties are imaged in a tomogram.

  • Line section means either that portion of an EDU's electric system connected to a customer bounded by automatic sectionalizing devices, the end of the distribution line, or a line segment identified as appropriate for study by a utility engineer.

  • Description Section means the section on page one of the Certificate describing the Company's operations and the

  • Permitted Section 5(d) Communication means the Section 5(d) Written Communication(s) and Marketing Materials listed on Schedule C attached hereto. All references in this Agreement to the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus and the Prospectus shall include the documents incorporated or deemed to be incorporated by reference therein. All references in this Agreement to financial statements and schedules and other information which are “contained,” “included” or “stated” in, or “part of” the Registration Statement, the Rule 462(b) Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, the Time of Sale Prospectus or the Prospectus, and all other references of like import, shall be deemed to mean and include all such financial statements and schedules and other information which is or is deemed to be incorporated by reference in the Registration Statement, the Rule 462(b) Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, the Time of Sale Prospectus or the Prospectus, as the case may be. All references in this Agreement to amendments or supplements to the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, the Time of Sale Prospectus or the Prospectus shall be deemed to mean and include the filing of any document under the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (collectively, the “Exchange Act”) that is or is deemed to be incorporated by reference in the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, or the Prospectus, as the case may be. All references in this Agreement to (i) the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus or the Prospectus, any amendments or supplements to any of the foregoing, or any free writing prospectus, shall include any copy thereof filed with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval System (“▇▇▇▇▇”) and (ii) the Prospectus shall be deemed to include any “electronic Prospectus” provided for use in connection with the offering of the Offered Shares as contemplated by Section 3(n) of this Agreement. The Company hereby confirms its agreements with the Underwriters as follows:

  • Nominal tomographic section thickness means the full width at half-maximum of the sensitivity profile taken at the center of the cross-sectional volume over which x-ray transmission data are collected.