Definition of C Taxable Year


C Taxable Year means any taxable year (or portion thereof) of Parent or CHCI during which the Parent or CHCI is a C corporation for federal income tax purposes, including the C Short Year.
Sample 1

Examples of C Taxable Year in a sentence

C Taxable Year means any taxable year (or portion thereof) of the Company during which the Company is a C corporation for federal income tax purposes, including the C Short Year.
In the event of an adjustment to one or more tax returns of the Company for an S Taxable Year based on a Final Determination which results in a net increase in taxable income of a Stockholder and a corresponding adjustment to one or more tax returns of the Company for a C Taxable Year based on a Final Determination which results in a net decrease in taxable income of the Company, the Company shall pay to the Affected Stockholder an amount equal to the Adjustment Amount multiplied by the Blended Rate.
C Taxable Year means any taxable year (or portion thereof) of the Company during which the Company is a C corporation, including the C Short Year.
In the event the Adjustment Amount differs from the adjustment to the income of the Company for a C Taxable Year, the Company shall be required to pay an amount to the Affected Stockholder equal to the lesser of the Adjusted Amount or the net decrease in the income of the Company for the C Taxable Year, multiplied by the Blended Rate.