S Short Year Clause Samples
S Short Year. Pursuant to Section 1362(e)(1) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an S Short Year and a C Short Year. The S Short Year of the Company shall be that portion of the Company's S Termination Year beginning on the first day of such fiscal year and ending on the day immediately preceding the Termination Date. For federal income tax purposes, the Company will be treated as an S corporation during its S Short Year.
S Short Year. 2 1.5 C Short Year................................................... 2
S Short Year. As provided in Section 1362(e)(1)(A) of the Code, ------------ the S Short Year of the Company shall be that portion of the Company's S Termination Year ending on the day immediately preceding the Termination Date.
S Short Year. The parties hereto acknowledge that upon the closing of the transactions contemplated by this Agreement, the Company's status as an S-corporation for federal income tax purposes shall cease, that the taxable year of the Company in which such closing occur shall be divided into two (2) short taxable years (an S Short Year and C Short Year). Each of the parties hereto covenants and agrees to make all elections, consents, statements, and filings that may be required by the Internal Revenue Code of 1986 to close the Company's books on the last applicable day of the S Short Year.
S Short Year. The S Short Year of the Company shall be that portion of its S Termination Year beginning on the initial day of its fiscal year and ending on the day immediately preceding the S Termination Date. For federal income tax purposes, the Company will be treated as an S corporation during its S Short Year.
S Short Year. S Short Year" means that portion of the Company's S ------------ Termination Year ending on the day immediately preceding the Termination Date.