S Elections definition

S Elections has the meaning set forth in Section 4.15(o).
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S Elections shall have the meaning set forth in Section 6.13.
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S Elections has the meaning set forth in Section 2.12(b)(vii).
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Examples of S Elections in a sentence

  • GSS filed an election to be taxed under Subchapter S of the Code, effective February 1, 1995, and Five Star filed an election to be taxed under Subchapter S of the Code, effective September 1, 1995 (collectively, the "S Elections").

  • Assessment –an individualized comprehensive appraisal of an individual’s medical, developmental, mental, social, financial, and environmental status conducted by a qualified individual for the purpose of determining the need for long term care services.

  • The Company (A) has been a validly electing "S" corporation within the meaning of Sections 1361 and 1362 of the Code (an " S Corporation") at all times since January 1, 1999 and (B) has made (or has in effect) a corresponding separate valid election ("State S Election") in the states set forth in Section 4.21(t) of the Disclosure Schedules, and such State S Elections have remained valid and in effect since they were made as set forth in Section 4.21(t) of the Disclosure Schedules.

  • The Shareholders and the Company agree to maintain all Company S Elections in effect, unless and until the Board of Directors elects to revoke any such election.

  • The S Elections of the Companies shall be valid and in full force and effect and shall not have been revoked or terminated, and the parties shall have agreed to allocations of the consideration in accordance with Section 4.9(c) of the Agreement and shall have delivered to each other Schedule 4.9(c) to this Agreement.

  • Since the effective date of the S Elections and through the day immediately prior to the Closing Date, to the knowledge of the Shareholders, each of GSS and Five Star have satisfied all conditions necessary to be qualified as S corporations under the Code.

  • The Shareholders and the Company agree not to take any actions, and the Shareholders agree that their heirs, beneficiaries, and personal representatives shall not take any actions, which would, directly or indirectly, cause the termination of any Company S Elections then in effect unless otherwise permitted pursuant to this Section 10.

  • The Board of Directors may at any time elect to cause the Company to file an S election under Section 1362 of the Code and comparable elections under applicable state or local tax laws (each, a "Company S Election" and, collectively, the "Company S Elections").

  • During the time that the S Elections for the Company are in effect, the Company and each Member shall refrain from taking any action or omitting to take any action, which action or omission would cause the termination of any S Election.

  • The Company will remain an S Corporation (and such State S Elections shall remain in effect) up to and including the Closing Date.


More Definitions of S Elections

S Elections the meaning given in Section 4.1.11(c).
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Related to S Elections

  • 10) Election has the meaning set forth in Section 6.05(a).

  • LCA Election has the meaning specified in Section 1.09(a).

  • Elections has the meaning set forth in Section 8.3(a).

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Investment Election means the Participant’s election to have deferred amounts credited with hypothetical earnings credits (or losses) that track the investment performance of the Investment Options and/or Common Stock in accordance with Article V.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • REMIC Election An election, for federal income tax purposes, to treat certain assets as a REMIC.

  • Form of Election has the meaning assigned in Section 3.3(b).

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Election Date has the meaning specified in Section 3.12(h).

  • Payment Election means an election pursuant to Section 5.1.

  • Other Benchmark Rate Election means, with respect to any Loan denominated in Dollars, if the then-current Benchmark is the LIBO Rate, the occurrence of:

  • Election means an election by a constituency, or by a class within a constituency, to fill a vacancy among one or more posts on the council of governors;