Examples of Loss Year in a sentence
For federal income tax purposes, after the Effective Date Xcel or its Affiliates shall claim the Worthless Stock Deduction for the Loss Year.
In the event that during any Fiscal Year a Subsidiary has an operating loss (a “Loss Year”), then neither the President nor the Executive Vice President(s) who are Subsidiary Participants with respect to such Subsidiary shall be entitled to a Payment Amount for the Performance Period containing such Loss Year.
Neither Xcel nor any of its Affiliates shall claim the Worthless Stock Deduction for any year before the Loss Year.
Any unused portion of the Bonus Pool shall remain with the Corporation.3.2.3 Carryforward Losses – In the event that the Corporation has a Loss Year (without regard to non-operating gains or losses resulting from extraordinary events such as the sale of a significant part of a Division's fixed assets), the full amount of the loss must be earned back in future years by adding it to the Bonus Base before any profit is recognized for profit sharing.
In the event EBITDA is less than $0 for any four consecutive fiscal quarters of the Company (any such period, a "Loss Year"), the holders of a majority in aggregate principal amount of the Notes then outstanding shall be entitled to exercise their rights under the Voting Agreement.