Illustrations. The provisions of subdivision (ii) of this subparagraph may be illustrated by the following ex- amples:
Example 1. A, a calendar year taxpayer using the cash receipts and disbursements method of accounting, on January 1, 1964, purchases from a life insurance company a
Example 2. The facts are the same as in Ex- ample 1, except that on January 1, 1964, A pays the first annual premium and deposits an amount equal to the second and third an- nual premiums, all such amounts initially being paid or deposited by means other than borrowing. On January 1, 1965, A deposits an amount equal to the fourth, fifth, and sixth annual premiums, and borrows $4,400 pursu- ant to a plan referred to in paragraph (a) of this section. Such borrowing is considered attributable to the premiums paid for the policy years 1965 and 1964. On January 1, 1966, A deposits an amount equal to the seventh, eighth, and ninth annual premiums, and bor- rows $6,600 pursuant to such plan. Such bor- rowing is considered attributable to the pre- mium paid for the policy year 1966 and depos- ited for the policy years 1967 and 1968. No de- duction is allowed for interest paid by A on the $11,000 indebtedness during 1966. More- over, the interest deduction will be dis- allowed for the taxable year 1965. However, if this contract is treated as a single premium contract under § 1.264–2 (by reason of deposit with the insurer of an amount for payment of a substantial number of future premiums), the deduction for interest on indebtedness incurred or continued to purchase or carry the contract would be denied without ref- erence to this section.
Illustrations. Upon request, We will provide You with an illustration of future Account Value and Death Benefits. This illustration will be furnished to You for a nominal fee not to exceed $25.
Illustrations. A probationary employee whose 90th day of employment falls on a holiday, or Saturday, or Sunday and fails to report for work within five (5) consecutive normal working days following the holiday, or Saturday, or Sunday. The employee is considered a probationary employee as of the last day worked.
Illustrations. Without limitation, but by way of illustration, the exclusive prerogatives, functions and rights of County shall include the following:
(a) To direct and supervise all operations, functions and policies of the departments in which employees in the bargaining unit are employed, and operations, functions, and policies in the remainder of County as they may affect employees in the bargaining unit.
(b) To close or liquidate an office, branch, operation or facility, service or combination thereof, or to relocate, reorganize or combine the work of divisions, offices, branches, operations or facilities for budgetary or other reasons.
(c) To determine the levels of service and methods of operation, including subcontracting and the introduction of new equipment, the right to hire, lay off, transfer, promote, determine duties and qualifications to be required, job classifications, discipline and discharge for cause, determine work schedules and assign work, and any other such rights not specifically referred to in this contract.
Illustrations. A. An employee continuously serves three (3) years, five (5) months, and two
Illustrations. Any illustrations of Goods given by the Company are given as an aid to identification only and are not intended as a condition of the terms of contract nor does the Company warrant that the Goods will correspond with the illustration.
Illustrations. Tables, figures, graphs, etc. must be numbered. Numeration can be consecutive (Table 1, Table 2, Table 3, etc.) or can be double numbers according to the placement of illustrations within specific chapters. For example, Table 5.1 would be the first table in chapter five of your thesis. High-quality photocopies of photographs are preferred to actual photographs. However, you may affix original photographs in printed copies of the thesis using paper cement. Photographs should be mounted on the same cotton bond paper used throughout the thesis. All illustrations, including mounted photographs, must fit into the prescribed margins.
Illustrations. All Illustrations attached to the Exhibits are for illustrative purposes only and shall not be deemed to bind, obligate or restrict either party from making reasonable changes in such party's discretion.
Illustrations. Attached as Exhibit G are illustrative examples of the parties' intent regarding the calculation of the indemnity obligations described in this Section 10.9.
Illustrations. The provisions of subdivision (ii) of this subparagraph may be illustrated by the following ex- amples:
Example 1. A, a calendar year taxpayer using the cash receipts and disbursements method of accounting, on January 1, 1964, purchases from a life insurance company a policy in the amount of $100,000 with an an- xxxx xxxxx premium of $2,200. For the first
Example 2. The facts are the same as in Ex- ample 1, except that on January 1, 1964, A pays the first annual premium and deposits an amount equal to the second and third an- nual premiums, all such amounts initially being paid or deposited by means other than borrowing. On January 1, 1965, A deposits an amount equal to the fourth, fifth, and sixth annual premiums, and borrows $4,400 pursu- ant to a plan referred to in paragraph (a) of this section. Such borrowing is considered attributable to the premiums paid for the policy years 1965 and 1964. On January 1, 1966, A deposits an amount equal to the seventh, eighth, and ninth annual premiums, and bor- rows $6,600 pursuant to such plan. Such bor- rowing is considered attributable to the pre- mium paid for the policy year 1966 and depos- ited for the policy years 1967 and 1968. No de- duction is allowed for interest paid by A on the $11,000 indebtedness during 1966. More- over, the interest deduction will be dis- allowed for the taxable year 1965. However, if this contract is treated as a single premium contract under § 1.264–2 (by reason of deposit with the insurer of an amount for payment of a substantial number of future premiums), the deduction for interest on indebtedness incurred or continued to purchase or carry the contract would be denied without ref- erence to this section.
