Examples of Sale of the Business in a sentence
In the event of the consummation of a sale or business combination that results in a Change of Control or upon the occurrence of a Sale of the Business, all Series B-1 Units that shall not have previously become Vested Units shall become Vested Units as of the consummation of such Change of Control or Sale of the Business; provided, that the Principal has been continuously employed by the Company from the date of this Agreement until the consummation of such Change of Control or Sale of the Business.
This Agreement shall terminate upon the closing of a Sale of the Business; provided, that the rights and obligations of the Shareholders and ITC Investments under ARTICLE III and this ARTICLE VII shall survive any such termination of this Agreement.
Sale of the Business to a Third Party In the real world, business buyers and sellers are rarely the willing parties described in the IRS regulations.
No notice is ever given to a taxpayer as a condition precedent to a tax payer’s obligation to file his or her or its annual return and pay any taxes due.16Thus, the IRS has proven by a preponderance of the evidence that the Debtor did not timely file his 1996 – 2001 returns.17 c) Sale of the Business and Use of the Business Account Proceeds In 2007 the Debtor sold his two tanning salons to his friend, Randy Richter, an electrician.
In written reasons, the trial court concludes, “The Court believes that the Sale of the Business and attachments was completed in October, 2011.” The trial court’s reasons are telling of the confusion in this business transaction:The consistent, common theme in all of the transactions between Salicos and Richard is that Salicos initially wanted, and contracted to sell his “business” to Richard for $125,000.00.