Compliance with the Internal Revenue Code Sample Clauses

Compliance with the Internal Revenue Code. If any ‘return information,’ as defined in section 6103(b)(2) of the Internal Revenue Code (the Code), is accessed or used by CDO or CAC, it must be kept confidential and disclosed, used, and maintained only in accordance with section 6103 of the Code.
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Compliance with the Internal Revenue Code. If any ‘return information,’ as defined in section 6103(b)(2) of the Internal Revenue Code (the Code), is accessed or used by CDO or CAC, it must be kept confidential and disclosed, used, and maintained only in accordance with section 6103 of the Code. Penalties for improper use and disclosure of information. CDO and CAC acknowledge that any person who knowingly and willfully uses or discloses information in violation of section 1411(g) of the Affordable Care Act will be subject to a civil money penalty, consistent with the bases and process for imposing civil penalties specified at 45 C.F.R. 155.206 and/or 155.285, in addition to other penalties that may be prescribed by law. APPENDIX B
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Compliance with the Internal Revenue Code. 8.1 To the extent that PSUs awarded hereunder may be subject to the provisions of Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amended (the “Code”), the provisions of the Plan and this Grant Agreement shall be administered, interpreted and construed in accordance with Section 409A, its accompanying regulations, and other guidance, so as to comply with Section 409A or an exception thereto. Notwithstanding the foregoing, neither Talisman Energy USA Inc., Talisman, nor an Affiliate, nor any of the officers, directors, or agents of such entities, shall be obligated, directly or indirectly, to any person for any taxes, penalties, interest, or like amounts that may be imposed on account of any benefits under this Plan or on account of any failure to comply with Section 409A or any other provision of the Code. Revised September 2011
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Compliance with the Internal Revenue Code. It is the intention of the city that the Plan shall comply with Section 457 of the Internal Revenue Code, being 26 USC 457. The provisions of the plan shall be construed to effectuate such intention. (Ord. No. 41-05, § 1, 12-14-05) Secs. 13-3-49—13-3-50. - Reserved. FOOTNOTE(S): Editor's note— Ord. No. 41-05, § 1, adopted Dec. 14, 2005, amended former Art. III, §§ 13-3-1—13-3-8, in its entirety which pertained to similiar subject matter and derived from Code of 1964 and the following: Ord. No. 343-H, § 1, 9-26-79; Ord. No. 522-H, § 1, 5-26-83; Ord. No. 26-87, § 1, 10-7-87; Ord. No. 41-98,
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Related to Compliance with the Internal Revenue Code

  • Internal Revenue Code The term “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended.

  • Section 409A of the Internal Revenue Code It is the intent of the parties that payments and benefits under this Agreement comply with, or be exempt from, Section 409A of the Code and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted and administered consistent with such intent. With respect to expenses eligible for reimbursement under the terms of this Agreement: (i) the amount of such expenses eligible for reimbursement in any taxable year shall not affect the expenses eligible for reimbursement in another taxable year; and (ii) any reimbursements of such expenses shall be made no later than the end of the calendar year following the calendar year in which the related expenses were incurred, except, in each case, to the extent that the right to reimbursement does not provide for a “deferral of compensation” within the meaning of Section 409A of the Code. In addition, Executive’s right to reimbursement (or in-kind benefits) cannot be liquidated or exchanged for any other benefit or payment. Notwithstanding anything contained herein to the contrary, to the extent required to avoid accelerated taxation or tax penalties under Section 409A of the Code, Executive shall not be considered to have terminated employment for purposes of this Agreement and no payments shall be due to Executive under this Agreement that are payable upon Executive’s termination of employment until Executive would be considered to have incurred a “separation from service” from the Company within the meaning of Section 409A of the Code. In addition, for purposes of this Agreement, each amount to be paid or benefit to be provided to Executive pursuant to this Agreement shall be construed as a separate identified payment for purposes of Section 409A of the Code and any payments described herein that are due within the “short term deferral period” as defined in Section 409A of the Code shall not be treated as deferred compensation unless applicable law requires otherwise. Notwithstanding anything contained herein to the contrary, if Executive is a “specified employee,” as defined in Section 409A of the Code, as of the date of Executive’s separation from service, then to the extent any amount payable under this Agreement (i) constitutes the payment of nonqualified deferred compensation, within the meaning of Section 409A of the Code, (ii) is payable upon Executive’s separation from service and (iii) under the terms of this Agreement would be payable prior to the six-month anniversary of Executive’s separation from service, such payment shall be delayed until the earlier to occur of (A) the six-month anniversary of the separation from service or (B) the date of Executive’s death.

  • Compliance with Tax Laws The Trustee hereby agrees to comply with all U.S. Federal income tax information reporting and withholding requirements applicable to it with respect to payments of premium (if any) and interest on the Debt Securities, whether acting as Trustee, Registrar, paying agent or otherwise with respect to the Debt Securities.

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