Examples of JOBS Act in a sentence
In accordance with the preliminary regulations of the JOBS Act of 2004, contributions (plus corresponding earnings) to the Nonqualified Deferred Compensation (NQDC) Plan in 2005 and later would be distributed upon a change in control.
In addition, Section 107 of the JOBS Act also provides that an EGC can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act of 1933, as amended (the “Securities Act”), for complying with new or revised accounting standards.
An alternative way is to wait for the emergence of the market mechanisms: auditors may decide to offer cost audit services specifically tailored and priced for the needs of the crowdfunding industry.Looking at the consequences of the JOBS Act from the perspectives that audited reportingimproves efficiency, I can conclude that in its current form JOBS Act supports the crowdfunding industry, but it also fosters inefficiency in the market.
Acquiror constitutes an “emerging growth company” within the meaning of the JOBS Act.
The Company has also elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act.