Final Year. The final year assessments test competence/readiness for clinical practice and will take the form of the National Medical Licencing Assessment for graduates from 2024-25 onwards. SGUL also requires students to pass the National Prescribing Skills Assessment as part of the final year assessments.
Final Year. All current and prior year encumbrances must be invoiced and closed by mid- June, per the year-end closeout schedule distributed by the Finance Department. If an invoice is received after the mid-June cut off date, and the encumbrance was cancelled, the expense will be charged to the department.
Final Year. Contributor will not treat the final liquidating distribution of Contributor as a distribution of cash under Treas. Reg. § 1.671-5(c)(2)(iv)(F)(2).
Final Year. In the event there are any Tax Assets remaining, the Corporate Taxpayer shall include with the Tax Benefit Schedule for the Taxable Year of the Corporate Taxpayer that includes the twelfth (12th) anniversary of the Closing Date (the “Final Year”) a written statement in reasonable detail summarizing the Tax Assets that will remain outstanding after such Final Year and the dollar amount thereof (the “Post-Final Year Tax Assets Amount”). Such additional information shall be considered a Schedule under this Agreement. The Corporate Taxpayer shall pay to the Stockholder, concurrently with the applicable Payment Date for the Tax Benefit Payment for such Final Year (or if there is no such Tax Benefit Payment, within five (5) Business Days after such Schedule becomes final in accordance with ARTICLE II), an amount equal to (the “Present Value Payment”): the sum of (i) the net present value, discounted at the Early Termination Rate as of the Payment Date therefor, of the result of 65% of Post-Final Year Tax Assets Amount, plus (ii) interest on the amount described in the immediately preceding clause (i) calculated at the Agreed Rate compounded annually from the due date (without extensions) for filing the U.S. federal income Tax Return of the Corporate Taxpayer for the Final Year until the Payment Date for the Present Value Payment. The Present Value Payment shall be made, at the sole discretion of the Corporate Taxpayer, by wire or Automated Clearing House transfer of immediately available funds to a bank account or accounts designated by the Stockholder or as otherwise agreed by the Corporate Taxpayer and the Stockholder. The computation of the Present Value Payment shall be subject to the Reconciliation Procedures.
Final Year. Payments Conditions and Type of Reports Period Covered by Reports Deadline
1. Annual report for previous fiscal year April 1 to March 31 of previous fiscal year March 31 of current fiscal year
2. Annual report April 1 to March 31 of current fiscal year March 31 of next fiscal year
