Active Conduct definition

Active Conduct means “active conduct” as defined in Section 355(b)(2) of the Code and the Treasury Regulations thereunder.
Active Conduct means that a substantial portion of intangible property must be used in the active conduct of a trade or business

Related to Active Conduct

  • Abusive conduct means verbal, nonverbal, or physical conduct of a parent or student directed toward a school employee that, based on its severity, nature, and frequency of occurrence, a reasonable person would determine is intended to cause intimidation, humiliation, or unwarranted distress.

  • Reckless Conduct means conduct where the supplier of the recreational services is aware, or should reasonably have been aware, of a significant risk that the conduct could result in personal injury to another person and engages in the conduct despite the risk and without adequate justification;

  • Serious Misconduct means any misconduct identified as a ground for termination in the Motorola Code of Business Conduct, or the human resources policies, or other written policies or procedures.

  • Unprofessional conduct means the same as that term is defined in Sections 58-1-501 and 58-17b-502 and may be further defined by rule.

  • Disabling Conduct shall have the meaning designated in Section 8.4 hereof.