S Termination Year definition

S Termination Year shall have the meaning set forth in Section 1362(e)(4) of the Code.
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S Termination Year means the fiscal year of the Company that includes the Termination Date.
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S Termination Year shall have the meaning set forth in Section 3.01.
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Examples of S Termination Year in a sentence

  • Pursuant to Section 1362(e)(1)(B) of the Code, that portion of the S Termination Year beginning on the Termination Date and ending on the last day of the taxable year shall be the C Short Year of the Company.

  • Pursuant to Section 1361(e)(1) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an “S Short Year” and a “C Short Year.” As defined in Section 1362(e)(1)(A) of the Code, the S Short Year shall be that portion of the Company’s S Termination Year ending on the day immediately preceding the Termination Date.

  • Pursuant to Section 1362(e)(1) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an S Short Year and a C Short Year.

  • The fiscal year in which the S corporation status of the Company is terminated will be an S Termination Year with respect to the Company for federal income tax purposes, as defined in Section 1362(e)(4) of the Code.

  • Pursuant to Section 1362(e)(1) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an “S Short Year” and a “C Short Year.” As defined in Section 1362(e)(1)(A) of the Code, the S Short Year shall be that portion of the Company’s S Termination Year ending on the day immediately preceding the Termination Date.

  • The parties acknowledge that the taxable year in which the S corporation status of the Company is terminated will be an S Termination Year for tax purposes, as defined in Section 1362(e)(4) of the Code.

  • The S Short Year of the Company shall be that portion of the Company's S Termination Year beginning on the first day of such fiscal year and ending on the day immediately preceding the Termination Date.

  • The Company's fiscal year in which the S corporation status of the Company is terminated will be an S Termination Year for federal tax purposes.

  • Pursuant to Section 1361(e)(1) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an "S Short Year" and a "C Short Year." As defined in Section 1362(e)(1)(A) of the Code, the S Short Year shall be that portion of the Company's S Termination Year ending on the day immediately preceding the Termination Date.

  • As defined in Section 1362(e)(1)(A) of the Code, the S Short Year of the Company shall be that portion of its S Termination Year beginning on the initial day of its fiscal year and ending on the day immediately preceding the S Termination Date.


More Definitions of S Termination Year

S Termination Year means the Company's fiscal year beginning January 1, 1999.
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S Termination Year as defined in Section 1362 of the Internal Revenue Code. With respect to such S Termination Year, if not otherwise required, at the request of the Shareholders, the Company will make an election under Section 1362(e)(3) of the Internal Revenue Code not to use a pro rata allocation of income or loss to the S short year and the C short year (as such terms are defined in Section 1362 of the Internal Revenue Code). No election will be made that would increase the tax liability of any shareholder of the Company for any year. The Company shall not amend, and Parent shall not cause the Company to amend, any Return of the Company for periods prior to the Closing Date or agree to any adjustment if such amendment or adjustment proposed by any taxing authority would increase the tax liability of any shareholder of the Company for any year, without such shareholder's written consent. The Company shall and Parent shall cause Company to cooperate with the Shareholders in the preparation of the Returns.
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S Termination Year has the meaning set forth in Section 4.13 of this Agreement.
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S Termination Year has the meaning given in Section 4.10.
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S Termination Year means the Company's fiscal year beginning January 1, 1998.
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S Termination Year has the meaning referenced in Section 6.7.
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Related to S Termination Year

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • 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.

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Post-Termination Period means the twelve (12) month period beginning on the Termination Date.