Common use of Protective Section 83(b) Election Clause in Contracts

Protective Section 83(b) Election. Within thirty (30) days following the Closing Date, the Management Securityholder shall execute and file with the Internal Revenue Service an election under Section 83(b) of the Code with respect to the grant of Class B Units made under this Agreement, substantially in the form attached hereto as Exhibit B and the Management Securityholder shall provide the Partnership with a copy of such executed and filed election promptly thereafter.

Appears in 7 contracts

Samples: Management Grant Agreement (Edelman Financial Group Inc.), Management Grant Agreement (Edelman Financial Group Inc.), Management Grant Agreement (Edelman Financial Group Inc.)

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Protective Section 83(b) Election. Within thirty (30) days following from the Closing Datedate hereof, the Management Securityholder Participant shall execute and file with the Internal Revenue Service an a protective election under Section 83(b) of the Code with respect to the grant of Class B Incentive Units made under described in this Agreement, Agreement substantially in the form attached hereto as Exhibit B and the Management Securityholder Participant shall provide the Partnership with a copy of such executed and filed election promptly thereafter.

Appears in 7 contracts

Samples: Incentive Unit Grant Agreement (Sovos Brands, Inc.), Incentive Unit Grant Agreement (Sovos Brands, Inc.), Incentive Unit Grant Agreement (Sovos Brands, Inc.)

Protective Section 83(b) Election. Within thirty (30) days following from the Closing Datedate hereof, the Management Securityholder Participant shall execute and file with the Internal Revenue Service an a protective election under Section 83(b) of the Code with respect to the grant of Class B Units made under described in this Agreement, Agreement substantially in the form attached hereto as Exhibit B and the Management Securityholder Participant shall provide the Partnership Company with a copy of such executed and filed election promptly thereafter.

Appears in 3 contracts

Samples: Joinder Agreement (Vericity, Inc.), Joinder Agreement (Vericity, Inc.), Joinder Agreement (Vericity, Inc.)

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Protective Section 83(b) Election. Within thirty (30The Participant agrees to file a proper and timely Code Section 83(b) days following the Closing Date, the Management Securityholder shall execute and file election with the Internal Revenue Service an election under Section 83(b) of the Code with respect to the grant of Class B Units made under this AgreementService, substantially in the form attached hereto as Exhibit B A, (and to take such other actions necessary to the Management Securityholder shall provide the Partnership with a copy validity of such executed and filed election promptly thereafterfiling for tax purposes) within thirty (30) days after the date of this Agreement.

Appears in 1 contract

Samples: Management Profits Interest Agreement (OppFi Inc.)

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