Common use of See Treas Clause in Contracts

See Treas. Reg. §1.1361-1(l)(2)(iii)(B) (bona fide agreements to redeem or purchase stock at the time of death, divorce, disability, or termination of employment are disregarded in determining whether a corporation's shares of stock confer identical rights); Priv. Ltr. Rul. 201918013 (May 3, 2019) (where the IRS determined that there would not be a second class of stock in the case of an employee who has the employee who “has engaged in activity meeting the definition of ‘cause’ in the Plan, which generally only includes theft or fraud by the employee that materially ▇▇▇▇▇ [the Company], the Shareholder’s shares may be redeemed for the “‘forfeiture repurchase price,” which is the lesser of: (i) the fair market value of the shares or (ii) the price paid, if any, to acquire the shares.”