GUST definition

GUST means the statutes referenced in IRS Announcement 2001-104. With respect to any individually designed tax-qualified retirement plans sponsored or maintained by the Company or any ERISA Affiliate, the Company and each such ERISA Affiliate has adopted the required GUST amendments and submitted the plan to the IRS on or before February 28, 2002 or such later date as permitted by applicable IRS pronouncements for a favorable determination letter as to its tax qualified status.

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GUST means the Uruguay Round Agreements Act (GATT), the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA), the Small Business Job Protection Act of 1996 (SBJPA), the Taxpayer Relief Act of 1997 (TRA ‘97), the Internal Revenue Service Restructuring and Reform Act of 1998 (RRA ‘98), and the Community Renewal Tax Relief Act of 2000 (CRA).

GUST means the highest instantaneous wind speed that occurs over a 3-second running average.

Examples of GUST in a sentence

• All such Employee Benefit Plans have been or will be timely amended for the requirements of the Tax legislation commonly known as “GUST” and “EGTRRA” and have been or will be submitted to the Internal Revenue Service for a favorable determination letter on the GUST requirements within the remedial amendment period prescribed by GUST.

• Ab initio trainees who have not graduated from a Flight Service Specialist course given by the NAV CANADA Training Institute or the abbreviated Gander Unit Specific Training (GUST) program shall not be governed by the present Collective Agreement.

• Once the probationary period is successfully completed, the employee’s seniority shall be retroactive to the date the employee was hired, or if an ab initio trainee, the date he or she graduated following his or her successful completion of a Flight Service Specialist course given by the NAV CANADA Training Institute or the abbreviated Gander Unit Specific Training (GUST) program.

• For Plans which are being amended and restated for GUST, please complete Schedule C outlining the preamendment operation of the Plan, as well as this section of the Adoption Agreement.

• GBT is a corporation duly organized and validly existing under the laws of Nevada.

More Definitions of GUST

GUST as defined in footnote 2 of IRS Notice 2003-49. Each Qualified Company Employee Benefit Plan has timely made "GOOD FAITH" amendments to comply with the Economic Growth and Tax Reconciliation Relief Act of 2001 as required by IRS Notice 2001-42.

GUST means, collectively, the General Agreement on Tariffs and Trade (Uruguay Round Agreements Act), the Uniform Services Employment and Re- employment Rights Act of 1994, the Small Business Job Protection Act, and the Taxpayer Relief Act of 1997.

GUST means: (a) the Uruguay Round Agreements Act, Pub. L. 103-465; (b) the Uniformed Services Employment and Reemployment Rights Act of 1994, Pub. L. 103-353; (c) the Small Business Job Protection Act of 1996, Pub. L. 104-188; (d) the Taxpayer Relief Act of 1997, Pub. L. 105-34; (e) the Internal Revenue Service Restructuring and Reform Act of 1998, Pub. L. 105-206; and (f) the Community Renewal Tax Relief Act of 2000, Pub. L. 106-554.

GUST means the Small Business Job Protection Act of 1996 (“SBJPA”), the Internal Revenue Service Restructuring and Reform Act of 1998 (“RRA”), the Taxpayer Relief Act of 1997 (“TRA”), the Uniformed Services Employment and Reemployment Rights Act of 1994 (“USERRA”), the General Agreement on Tariffs and Trade (“GATT”) and the Community Renewal Tax Relief Act of 2000 (“CRA”).

GUST. The term “GUST” is an acronym for four amendments affecting the Internal Revenue Code: GATT (the Uruguay Round Agreements Act, as Public Law 103-465); USERRA (see Section 1.39 below); SBJPA (the Small Business Job Protection Action of 1996, as Public Law 103-353); and TRA ‘97 (the Tax Relief Act of 1997, as Public Law 105-34).

GUST has the meaning set forth in Section 3.12(d).

GUST means the statutes referenced in IRS Announcement 2001-104. With respect to any individually designed tax-qualified retirement plans sponsored or maintained by the Company or any Company Subsidiary, the Company and each such Company Subsidiary shall adopt the required GUST amendments and submit the plan to the IRS on or before December 31, 2001.