Exempt recipient definition

Exempt recipient has the meaning set forth in §1.1471- 1(b)(43).
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Exempt recipient means a person described in §1.6049- 5(c)(1)(ii) (for interest, dividends, and royalties), a person described in §1.6045-2(b)(2)(i) (for broker proceeds), and a person described in §1.6041-3(q) (for rents, amounts paid on notional principal contracts, and other fixed or determinable income).
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Examples of Exempt recipient in a sentence

  • This latter rule does not preclude the intermediary, flow-through entity, orU.S. branch from also being a payor.(20) Exempt recipient.

  • The term excepted NFFE means a NFFE that is described in § 1.1472–1(c)(1).* * * * *(43) Exempt recipient.

  • A dealer in notional principal contracts as defined in § 1.446– 3(c)(4)(iii).(iii) Exempt recipient no longer exempt.

  • However, if the payor backup withholds under section 3406 on such payment (because, for example, the payee has failed to furnish a Form W–9 on request), then the payor is required to make a return under this section, unless the payor re- funds the amount withheld in accord- ance with § 31.6413(a)–3 of this chapter (Employment Tax Regulations).(ii) Exempt recipient defined.

  • The Hirer is responsible for any damages both to the Pavilion and cricket ground, or loss of furniture, equipment or crockery.

  • Party B represents that it is a New York law common trust and it is a "U.S Person" (as that term is used in section 1.1441-4(a)(3)(ii) of the United States Treasury Regulations for United States federal income tax purposes and an "Exempt recipient" (within the meaning of Section 1.6049-4(c)(1)(ii) of United States Treasury Regulations) for United States federal income tax purposes.

  • Party A represents that it is a "U.S. Person" (as that term is used in section 1.1441-4(a)(3)(ii) of the United States Treasury Regulations for United States federal income tax purposes and an "Exempt recipient" (within the meaning of Section 1.6049-4(c)(1)(ii) of United States Treasury Regulations) for United States federal income tax purposes.

  • I also note that Article 225.1 does not use this language, but instead covers disputes “involving ownership of shares and participatory interest in the charter/combined capital of business companies and partnerships…”.

  • For further guidance,see § 1.1471–1(b)(42).(43) Exempt recipient.

  • It is a "U.S. Person" (as that term is used in section 1.1441-4(a)(3)(ii) of the United States Treasury Regulations for United States federal income tax purposes and an "Exempt recipient" (within the meaning of Section 1.6049-4(c)(1)(ii) of United States Treasury Regulations) for United States federal income tax purposes.

Related to Exempt recipient

  • Sub-Recipient means a partner, joint venturer, director, employee, agent and subcontractors of a Recipient to whom a Recipient must disclose Confidential Information.

  • Primary recipient means any recipi- ent which is authorized or required to extend or distribute Federal financial assistance to another recipient.

  • Recipient means the Administrative Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder.

  • Grant Recipient means a nonprofit or governmental organization that receives funds to operate a center pursuant to this act.

  • Company Personal Data means any Personal Data Processed by a Contracted Processor on behalf of Company pursuant to or in connection with the Principal Agreement;

  • Intended Recipient means any person or party to whom any Messages are intended by the sender to be sent through or incidental to any of the Tradelink Services.

  • Prime Recipient means a Colorado State agency or institution of higher education that receives an Award.

  • Information Recipient has the meaning stated in Section 4.9(a).

  • Exempt employee means an at will employee who serves at the discretion of the appointing authority in a position that is exempted by State law, the City Charter or SMC 4.13 from compliance with the provisions of the Personnel Rules or SMC Title 4 related to selection, discipline, termination or appeals of personnel actions to the Civil Service Commission.

  • Qualified recipient means a person certified by a qualified organization as meeting all of the following qualifications:

  • Eligible Recipient means an employee, director or independent contractor of the Company or any Affiliate of the Company who has been selected as an eligible participant by the Administrator; provided, however, to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an Eligible Recipient of an Option or a Stock Appreciation Right means an employee, non-employee director or independent contractor of the Company or any Affiliate of the Company with respect to whom the Company is an “eligible issuer of service recipient stock” within the meaning of Section 409A of the Code.

  • Payment Recipient has the meaning assigned to it in Section 8.09(a).

  • Information Recipients has the meaning stated in Section 4.9(a).

  • Designated recipient means a person chosen by a user using an online tool to administer digital assets of the user.

  • Eligible Recipients means all Employees, all Non-Employee Directors and all Consultants.

  • Transaction Personal Information has the meaning ascribed thereto in Section 9.1;

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Public employee means an individual holding a position by appointment or employment in the government of this state, in the government of 1 or more of the political subdivisions of this state, in the public school service, in a public or special district, in the service of an authority, commission, or board, or in any other branch of the public service, subject to the following exceptions:

  • unintended recipient means the recipient of funds as a result of a mistaken internet payment

  • Subrecipient means an entity that:

  • Handicapped person means any person who has a physical or mental impairment that substantially limits one or more major life activities, has a record of such an impairment, or is regarded as having such an impairment.

  • Recipients has the meaning set forth in Section 7.1.

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • non-personal data means data other than personal data as defined in point (1) of Article 4 of Regulation (EU) 2016/679;

  • Award Recipient means the person, entity or entities that are to receive or have received grant funds through an award from the Illinois State Board of Education. The terms "grantee" and "award recipient" may be used interchangeably.