Constructive Receipt definition

Constructive Receipt. Constructive Receipt means that any corporate action exchange proceeds would be reported to the IRS in the year the merger is effective, whether or not the shareholder has presented the requisite and valid documentation in such year.
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Constructive Receipt means the recognition of the legal right to property, even though actual, physical transfer may be delayed, deferred, or transferred by other means.
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Examples of Constructive Receipt in a sentence

  • Important: Computershare uses Constructive Receipt reporting for its standard tax reporting default.

  • Important: Computershare uses Constructive Receipt (refer to below definition) reporting for its standard tax reporting default.

Related to Constructive Receipt

  • Destructive device means any article described in 26 U.S.C. § 5845(f) (including an explosive, incendiary, or poison gas - (i) bomb, (ii) grenade, (iii) rocket having a propellant charge of more than four ounces, (iv) missile having an explosive or incendiary charge of more than one-quarter ounce, (v) mine, or (vi) device similar to any of the devices described in the preceding clauses).

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Demotion means a change from an employee's position to one with a lower maximum salary;

  • Conservator means a person who is appointed by a court to manage the estate of a protected person.