Post-Termination Transition Period definition

Post-Termination Transition Period shall have the meaning set forth in Section 1377(b)(1) of the Code and shall begin on the day after the last day of the Company’s S Short Year.
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Post-Termination Transition Period means that period defined in IRC Section 1377(b)(1).
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Post-Termination Transition Period means that period defined in section 1377(b)(1) of the Internal Revenue Code. “Pro rata share” means the share determined with respect to an S corporation shareholder for a taxable period in the manner provided in section 1377(a)(1) or (2) or 1362(e)(2) or (3) or (6)(D), as the case may be, of the Internal Revenue
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Examples of Post-Termination Transition Period in a sentence

  • Post-Termination Transition Period (“PTTP”) ▪ The final regulations provide the following rules for this two-year period: ▪ The revocation requirement is satisfied if the revocation of an S election is validly made during the two-year period beginning on Dec.

  • Assuming actual timely payment by Client in advance, MSP will reasonably make available to Client its data and perform such Services as necessary during the Post-Termination Transition Period.

  • Notwithstanding anything to the foregoing, any payment made by the Company to the Shareholders pursuant to Section 4.3 of this Agreement must be made during the Post-Termination Transition Period and will be treated as a Post-Termination Distribution for U.S. federal income tax purposes.

  • Book club for December: December 8 at 7:30 PM: They Poured Fire on us From the Sky by Benson Deng, Alephonsion Deng, and Benjamin Ajak.

  • Post-Termination Transition Period (“PTTP”) The IRS issued final regulations on eligible terminated S corporations (ETSCs) and distributions of money from those corporations after the post-termination transition period (PTTP).


More Definitions of Post-Termination Transition Period

Post-Termination Transition Period means that period defined in section 1377(b)(1) of the Code.
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Post-Termination Transition Period is defined in Section 29.3 of the MSA.
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Post-Termination Transition Period shall have the meaning set forth in Section 1377(b)(1) of the Code.
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Post-Termination Transition Period as defined in Section 1377(b)(1) of the Code:
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Related to Post-Termination Transition Period

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.

  • Post-Termination Exercise Period means the period following termination of a Participant’s Continuous Service within which an Option or SAR is exercisable, as specified in Section 4(h).

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Standstill Termination Date means the earlier of (i) 90 days after the Board Designation Termination Date and (ii) the later of (A) the first anniversary of the date of this Agreement and (B) 90 days after the date on which all Purchaser Designated Directors have resigned or been removed from the Board and the Purchaser has permanently waived and renounced its Board designation rights under Section 1.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Event Termination Date See Section 2(e) hereof.

  • Stated Termination Date means December 31, 2000.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Company Termination Event means any of the following:

  • Trust Termination Date shall have the meaning specified in Section 8.01.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Non-Competition Period means the period beginning at the end of the Term and ending one (1) year after the end of the Term.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.