Examples of S Election in a sentence

I consent to the Company and my spouse making and maintaining the Subchapter S Election (if applicable) under the Internal Revenue Code, as amended from time to time.
From and after the effective date of the S Election, the Company shall be an S Corporation for federal and state tax purposes.
The Members hereby consent to the election of the Company to be treated as an association taxable as a corporation for federal and state income tax purposes in accordance with Regulations Sections 301.7701-3 and shall cooperate in the Members' election to treat the Company as an S Corporation by filing an S Election on behalf of the Company pursuant to Code section 1362(a), which election shall be effective as of the date the election to be treated as an association taxable as a corporation is made.
Protecting Loss of S Election See the discussion below every Article V Special Issues for S Corporations.
Xxxxx did not have any assets, business operations, income or earnings prior to the effective date of the S Election.

More Definitions of S Election

S Election has the meaning set forth in Section 3.24(b)(i).

S Election. If the corporation is an "S" corporation at the time of the transfer and sale of its stock, the transferee and new stockholder shall be required to consent in writing not to revoke such "S" election without the unanimous approval of all other stockholders. Such written consent shall be submitted prior to the delivery of the shares to the transferee.

S Election is specified in such Confirmation, then, unless the Company has notified GS&Co. that the Option will settle for cash pursuant to Section 5(b) above at least two Business Days before the Exercise Date (or such other period as may be specified in the related Confirmation), the Option will settle by physical delivery of the Option Securities pursuant to Section 5(a) above. Such notice may be given orally or in writing. Oral notice shall be confirmed by 4:30 P.M. New York time on the following Business Day.

S Election means an election pursuant to Section 1362(a) of the Code. Each Stockholder further represents and warrants that he, she or it is not (and whose spouse, if any, is neither) a nonresident alien of the United States or a resident of, nor subject to any jurisdiction, having laws governing community property, or having adopted in whole or in part the Uniform Marital Property Act. Each Stockholder further represents and warrants that he, she or it does not hold any of the Shares as the nominee or agent of any other Person and that he, she or it does not hold any of the Shares as a tenant in common, joint tenant or tenant by the entirety with any other Person.

S Election means the Company’s election to be treated as an S corporation for federal income tax purposes under Section 1361(a) of the Code.

S Election has the meaning set forth in Section 5.02(u)(1).

S Election means the election to be treated as a small business corporation under Section 1361 and Section 1362 of the Code.