Example (for illustrative purposes only) Sample Clauses

Example (for illustrative purposes only). 1) Undiscounted value of one share of common stock set forth in the third-party valuation: $A 2) Illiquidity discount set forth in the third-party valuation: B% 3) Fair market value of one share of common stock: $44.50 [Represents $A multiplied by (100%-B%)] 4) Black-Scholes multiple: 37.00% 5) Black-Scholes value of one SAR: $16.465 6) Minimum value of SAR grant: $4,900,000 7) Number of SARs to be granted ($4,900,000 / $16.465): 297,601 • All relocation benefits have a 6 month time limit of eligibility from the date of initiation. • All transferees will be required to sign a payback agreement prior to the relocation start. POLICY AREA LEVEL A HOMEOWNER Househunting 7 day trip paid as a lump sum and tax protected. Temporary Living Up to 60 days paid for lodging at new location. Employee must have a “dual” living situation. Paid as a lump sum and tax protected. Final Move Costs Airfare cost. Non taxable.
Sample 1Sample 2
AutoNDA by SimpleDocs
Example (for illustrative purposes only). 1) Undiscounted value of one share of common stock set forth in the third-party valuation: $A 2) Illiquidity discount set forth in the third-party valuation: B% 3) Fair market value of one share of common stock: $44.50 [Represents $A multiplied by (100%-B%)] 4) Black-Scholes multiple: 37.00% 5) Black-Scholes value of one SAR: $16.465 6) Minimum value of SAR grant: $4,900,000 7) Number of SARs to be granted ($4,900,000 / $16.465): 297,601 • All relocation benefits have a 6 month time limit of eligibility from the date of initiation. • All transferees will be required to sign a payback agreement prior to the relocation start. Househunting 7 day trip paid as a lump sum and tax protected. Temporary Living Up to 60 days paid for lodging at new location. Employee must have a “dual” living situation. Paid as a lump sum and tax protected. Final Move Costs Airfare cost. Non taxable. Shipment of Household Goods A moving company is assigned to ship household goods and up to 2 cars from the old to the new location at company cost. Non taxable.
Sample 1

Related to Example (for illustrative purposes only)

  • For purposes of Treas Reg. Section 1.671- 5(f)(1)(iv)(A)(2), the date of the last deposit under 2.01(b) prior to the expiration of the initial offering period, as certified to the Trustee by the Depositor, shall be considered the 'start-up date' of the Trust.

  • Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement Except as otherwise expressly provided in this Agreement, all accounting terms not otherwise defined herein shall have the meanings assigned to them in conformity with GAAP. Financial statements and other information required to be delivered by Company to Lenders pursuant to clauses (ii), (iii) and (xii) of subsection 6.1 shall be prepared in accordance with GAAP as in effect at the time of such preparation (and delivered together with the reconciliation statements provided for in subsection 6.1(v)). Calculations in connection with the definitions, covenants and other provisions of this Agreement shall utilize GAAP as in effect on the date of determination, applied in a manner consistent with that used in preparing the financial statements referred to in subsection 5.3. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and Company, Administrative Agent or Requisite Lenders shall so request, Administrative Agent, Lenders and Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of Requisite Lenders), provided that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and Company shall provide to Administrative Agent and Lenders reconciliation statements provided for in subsection 6.1(v).

  • Partnership Only for Purposes Specified The Partnership shall be a partnership only for the purposes specified in Section 3.1, and this Agreement shall not be deemed to create a partnership among the Partners with respect to any activities whatsoever other than the activities within the purposes of the Partnership as specified in Section 3.1. Except as otherwise provided in this Agreement, no Partner shall have any authority to act for, bind, commit or assume any obligation or responsibility on behalf of the Partnership, its properties or any other Partner. No Partner, in its capacity as a Partner under this Agreement, shall be responsible or liable for any indebtedness or obligation of another Partner, nor shall the Partnership be responsible or liable for any indebtedness or obligation of any Partner, incurred either before or after the execution and delivery of this Agreement by such Partner, except as to those responsibilities, liabilities, indebtedness or obligations incurred pursuant to and as limited by the terms of this Agreement and the Act.

  • Illustration If DTH OPERATOR has opted for Zee TV on A-xx-Xxxxx basis and has placed Zee TV in package “X” of the DTH OPERATOR. The Monthly Average Active Subscriber Level for a particular month reported by the DTH OPERATOR is 10,000 subscribers for package X, then the Subscription Fee payable by the DTH OPERATOR for that particular month for Zee TV will be calculated as MRP of ZEE TV = Rs. 22.00 Monthly Average Active Subscriber Level for Package X reported by DTH OPERATOR= 10,000 subscribers for that month = Rs. 17.60 x 10,000 = Rs. 1,76,000 Note: The MRP and Subscription Fee mentioned hereinabove is exclusive of applicable taxes and levies.

  • Examples (A) The taxpayer has received a statutory notice of deficiency, under I.R.C. §6212, which entitles the taxpayer to seek Tax Court review of a proposed tax deficiency. This is not a delinquent tax because it is not a final tax liability. Should the taxpayer seek Tax Court review, this will not be a final tax liability until the taxpayer has exercised all judicial appeal rights. (B) The IRS has filed a notice of Federal tax lien with respect to an assessed tax liability, and the taxpayer has been issued a notice under I.R.C. §6320 entitling the taxpayer to request a hearing with the IRS Office of Appeals contesting the lien filing, and to further appeal to the Tax Court if the IRS determines to sustain the lien filing. In the course of the hearing, the taxpayer is entitled to contest the underlying tax liability because the taxpayer has had no prior opportunity to contest the liability. This is not a delinquent tax because it is not a final tax liability. Should the taxpayer seek tax court review, this will not be a final tax liability until the taxpayer has exercised all judicial appeal rights. (C) The taxpayer has entered into an installment agreement pursuant to I.R.C. §6159. The taxpayer is making timely payments and is in full compliance with the agreement terms. The taxpayer is not delinquent because the taxpayer is not currently required to make full payment. (D) The taxpayer has filed for bankruptcy protection. The taxpayer is not delinquent because enforced collection action is stayed under 11 U.S.C. §362 (the Bankruptcy Code).

  • METHOD OF CALCULATION OF PROPORTIONATE SHARE WHEREVER REFERRED TO IN THE AGREEMENT Wherever in this Agreement it is stipulated that the Allottee has to make any payment, in common with other Allottee(s) in Project, the same shall be the proportion which the carpet area of the [Apartment/Plot] bears to the total carpet area of all the [Apartments/Plots] in the Project.

  • Determinations Under Section 3 01. For purposes of determining compliance with the conditions specified in Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. The Agent shall promptly notify the Lenders of the occurrence of the Effective Date.

  • Distributions Upon Income Inclusion Under Section 409A of the Code Upon the inclusion of any portion of the benefits payable pursuant to this Agreement into the Executive’s income as a result of the failure of this non-qualified deferred compensation plan to comply with the requirements of Section 409A of the Code, to the extent such tax liability can be covered by the Executive’s vested accrued liability, a distribution shall be made as soon as is administratively practicable following the discovery of the plan failure.

  • How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)

  • Determination of Net Asset Value The net asset value per share of each class and each series of Shares of the Trust shall be determined in accordance with the 1940 Act and any related procedures adopted by the Trustees from time to time. Determinations made under and pursuant to this Section 2 in good faith and in accordance with the provisions of the 1940 Act shall be binding on all parties concerned.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!