Stub Year definition
Examples of Stub Year in a sentence
Western Atlas shall determine, in good faith, the UNOVA Group Separate Tax Liability for 1997 Stub Year, including amounts due or refunds receivable with respect to IRS Form 8697.
With respect to the Stub Year, the Sales Operations Payment shall be $[*****]; with respect to the 2020-21 Contract Year, the Sales Operations Payment shall be $[*****].
PWW and MVD are desirous of having the Agreement approved by the NHPUC before the end of May 2023 with an effective date of June 1, 2023, therefore creating a Stub Year before the first Contract Year.
If Commencement of Construction would start on May 1, the Stub Year Amount would be calculated as follows: Stub Year Amount = ($73,000.00 + $32,000.00 + $4,000.00) * (61 / 365) = $18,216.44.
If the Buyer exercises its option to terminate the 2017 Agreement, then the Stub Year shall be treated as one-half a Contract Year, and December 31, 2016 shall be treated as the end of a Contract Year.