1986 Code definition
Examples of 1986 Code in a sentence
Nothing in this Agreement shall affect the status of the Foundation as an Organization (i) described in section 501 (c)(3) of the Internal Revenue Code of 1986 ("Code") and (ii) which is not a private foundation within the meaning of section 509(a) of the Code.
In the event the Company's independent auditors (the "Accounting Firm") shall determine that any payment or distribution by the Company to or for the benefit of the Employee made pursuant to Section 3 of this Agreement would be nondeductible by the Company for Federal income tax purposes because of Section 280G of the Internal Revenue Code of 1986 ("Code"), as amended, then the Company shall nonetheless pay to Employee all payments and distributions under Section 3.
For purposes of this Agreement, the term substantial justification shall carry the same meaning as used in the Civil Discovery Act of 1986, Code of Civil Procedure §§ 2016, et seq.
For federal and state income tax purposes, the Trustees shall file such returns and statements as in their judgment are required to comply with applicable provisions in the 1986 Code and regulations thereunder, and any state taxation laws and regulations thereunder.
Nothing in this Agreement shall affect the status of the Foundation as an Organization (i) described in section 501(c)(3) of the Internal Revenue Code of 1986 ("Code") and (ii) which is not a private foundation within the meaning of section 509(a) of the Code.