Puerto Rican Code definition

Puerto Rican Code means the Puerto Rico Internal Revenue Code of 2011, as amended, or any predecessor statute thereto.
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Examples of Puerto Rican Code in a sentence

  • Purchaser agrees to allow Company Employees to elect to make direct rollovers from Seller’s PR Savings Plan to a defined contribution plan to be established by Purchaser which is qualified under the provisions of Sections 1081.01(a) and (d) of the Puerto Rican Code including all promissory notes evidencing any loans to the Company Employees from the Seller PR Savings Plan.

  • Notwithstanding the foregoing, Parent Seller or Purchaser shall not be required to distribute plan assets to Company Employees participating in Seller’s 401(k) Plan or in Seller’s PR Savings Plan or accept rollovers from Company Employees if it is determined by either party that such transfer may violate ERISA, the Code or the Puerto Rican Code, as applicable.

Related to Puerto Rican Code

  • Transportation Code means that portion of Title 49 of the United States Code comprising those provisions formerly referred to as the Federal Aviation Act of 1958, as amended, or any subsequent legislation that amends, supplements or supersedes such provisions.

  • Distribution Code means the Distribution Code required to be

  • JORC Code means the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia, as amended;

  • POPI Act means the Protection of Personal Information Act 4 of 2013;

  • State Grid Code means the Grid Code specified by the CERC under Clause (h) of Sub-section (1) of Section 79 of the Electricity Act, as amended from time to time, and/or the State Grid Code as specified by the concerned State Commission, referred under Clause (h) of Sub- section (1) of Section 86 of the Electricity ▇▇▇ ▇▇▇▇, as applicable;