Rollover Election Sample Clauses

Rollover Election. At the request of each Rollover Holder, Purchaser shall execute a joint election with such Rollover Holder under subsection 85(1) of the Tax Act, and section 518 of the Taxation Act (Québec), in respect of the disposition by such Rollover Holder of those Purchased Shares that are in consideration for the Exchangeable Shares. The elected amount for purposes of subsection 85(1) of the Tax Act shall be an amount determined by the electing Rollover Holder, but the amount so determined shall be within the limits provided for in the Tax Act. The electing Rollover Holder shall prepare and deliver to Purchaser for execution no less than thirty (30) days prior to the date on which they are required to be filed, and such Rollover Holder and Purchaser shall jointly execute and the Rollover Holder shall file, within the prescribed time limits, the prescribed election forms required to give effect to the foregoing. Purchaser shall have no obligation pursuant to this Section other than to deliver the election form duly executed by Purchaser to the applicable Rollover Holder no later than seven (7) days from receipt of same from the Rollover Holder and shall have no liability in respect of the correct or timely filing (or non-filing) of such election form.

Rollover Election. At the time you make a proper rollover to a SIMPLE IRA, you must designate to the Custodian, in a form and manner acceptable to the Custodian, your election to treat that contribution as a rollover. Once made, the rollover election is irrevocable.

Rollover Election. At each Vendor's discretion, such Vendor and the Purchaser shall jointly execute an election pursuant to subsection 85(1) of the Tax Act (and any provincial equivalents) in respect of the transfer by such Vendor of such Vendor's Target Shares to the Purchaser for consideration consisting in part of the allotment and issuance by the Purchaser to such Vendor of Purchaser Shares. The "elected amount" for the purposes of such election(s) shall be an amount determined by such Vendor, but the amount so determined shall be within the limits provided for in the Tax Act (and any provincial equivalents). Such Vendor shall prepare and complete the prescribed election form(s), and such Vendor and the Purchaser shall promptly jointly execute the prescribed election form(s), which shall be filed by such Vendor to give effect to the foregoing in accordance with the time limits provided for in subsections 85(6) or 85(7) of the Tax Act, as applicable. Any amounts payable by a Vendor pursuant to subsection 85(8) of the Tax Act shall be paid by such Vendor.

Rollover Election. In the event a firefighter does not wish to participate in the Deferred Cash-Out Option, upon separation from the Department the firefighter will have a one- time opportunity to have his “drag up” pay rolled over into his HFRRF DROP, 457, or 457b accounts to the extent allowed by the plans and law. This election must be made in writing and done prior to the firefighter’s separation date. 1. There will be no lump sum payment made to the firefighter unless required because of an inability of the Houston Firefighters’ Relief and Retirement Fund (HFRRF), a 457, or 457b plan to accept all of the “certain additional pre-tax employer contributions” made on behalf of members who have separated from service and are having payments made into HFFRRF as authorized by the AGREEMENT BETWEEN THE HOUSTON FIREFIGHTERS’ RELIEF AND RETIREMENT FUND AND THE CITY OF HOUSTON. 2. For each such member identified above, the CITY shall indicate the member’s DROP/PROP Account that shall receive these employer contributions. In such an event any funds which could not be accepted by HFRRF, a 457, or a 457b account will be paid to the firefighters in a Lump Sum Pay-Out Option as described below.

Rollover Election. 2.05 SCC..................................... Recitals Schedule 13E-3.......................... 8.02

Rollover Election. The Parties hereby agree that the acquisition of the Assets shall be under the provisions of Section 85(2) of the Income Tax Act (Canada), R.S.C. 1995 5th Supplemental C-1 and the regulations thereunder, as amended (the "Act") and covenant and agree to elect jointly under Section 85(2) of the Act, in the prescribed form and within the prescribed time for the purposes of the Act, with respect to the sale by Vendor to Purchaser of the Assets and shall therein agree in respect of the Assets that the "agreed amount" for the purposes of Section 85(2) of the Act shall be as follows: (a) to Petroleum and Natural Gas Rights $ 314,999.00 (b) to Tangibles $ 309,000.00 (c) to Proprietary Seismic $ 11,000.00 (d) to Miscellaneous Interests $ 1.00 ------------- TOTAL: $ 635,000.00

Rollover Election. Within the prescribed time period and in the prescribed form provided for in section 132.2 of the Tax Act, Petrofund and Ultima shall jointly elect to have section 132.2 of the Tax Act apply with respect to the Acquisition and Redemption Transaction. The elected amounts for the Ultima Assets will be mutually agreed upon but shall be such amounts as shall result in no additional income to Ultima and shall, to the extent possible without resulting in additional income to Ultima, transfer the maximum tax attributes to Petrofund. Petrofund and Ultima shall file an election under subsection 20(24) of the Tax Act in respect of prepaid revenues (if any) received by Ultima and shall file all other elections (or make such other filings) that are necessary or desirable to minimize Taxes becoming payable by Ultima or Petrofund or subsidiaries of either of them or unitholders as a result of the transactions comprising the Acquisition and Redemption Transaction and its related transactions.

Rollover Election. Within the prescribed time period and in the prescribed form provided for in section 132.2 of the Tax Act, StarPoint and APF shall jointly elect to have section 132.2 of the Tax Act apply with respect to the Acquisition and Redemption Transaction. The elected amounts for the APF Assets will be mutually agreed upon but shall be such amounts as shall result in no additional income to APF and shall, to the extent possible without resulting in additional income to APF or additional amounts being allocated to APF Unitholders by APF pursuant to subsections 104(6), 104(19) and 104(21) of the Tax Act, transfer the maximum tax attributes to StarPoint. StarPoint and APF shall file all other elections (or make such other filings) that are necessary or desirable to minimize Taxes becoming payable by APF or StarPoint or Subsidiaries of either of them or unitholders as a result of the transactions comprising the Acquisition and Redemption Transaction and its related transactions.