Rollover Election Sample Clauses

Rollover Election. At the time you make a proper rollover to a Xxxx XXX, you must designate to the Custodian, in writing, your election to treat that contribution as a rollover. Once made, the rollover election is irrevocable.
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Rollover Election. At the time you make a proper rollover to a SIMPLE IRA, you must designate to the Custodian, in a form and manner acceptable to the Custodian, your election to treat that contribution as a rollover. Once made, the rollover election is irrevocable.
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Rollover Election. Within the prescribed time period and in the prescribed form provided for in section 132.2 of the Tax Act, StarPoint and APF shall jointly elect to have section 132.2 of the Tax Act apply with respect to the Acquisition and Redemption Transaction. The elected amounts for the APF Assets will be mutually agreed upon but shall be such amounts as shall result in no additional income to APF and shall, to the extent possible without resulting in additional income to APF or additional amounts being allocated to APF Unitholders by APF pursuant to subsections 104(6), 104(19) and 104(21) of the Tax Act, transfer the maximum tax attributes to StarPoint. StarPoint and APF shall file all other elections (or make such other filings) that are necessary or desirable to minimize Taxes becoming payable by APF or StarPoint or Subsidiaries of either of them or unitholders as a result of the transactions comprising the Acquisition and Redemption Transaction and its related transactions.
Sample 1
Rollover Election. The Parties hereby agree that the acquisition of the Assets shall be under the provisions of Section 85(2) of the Income Tax Act (Canada), R.S.C. 1995 5th Supplemental C-1 and the regulations thereunder, as amended (the "Act") and covenant and agree to elect jointly under Section 85(2) of the Act, in the prescribed form and within the prescribed time for the purposes of the Act, with respect to the sale by Vendor to Purchaser of the Assets and shall therein agree in respect of the Assets that the "agreed amount" for the purposes of Section 85(2) of the Act shall be as follows:
Sample 1
Rollover Election. Within the prescribed time period and in the prescribed form provided for in section 132.2 of the Tax Act, Petrofund and Ultima shall jointly elect to have section 132.2 of the Tax Act apply with respect to the Acquisition and Redemption Transaction. The elected amounts for the Ultima Assets will be mutually agreed upon but shall be such amounts as shall result in no additional income to Ultima and shall, to the extent possible without resulting in additional income to Ultima, transfer the maximum tax attributes to Petrofund. Petrofund and Ultima shall file an election under subsection 20(24) of the Tax Act in respect of prepaid revenues (if any) received by Ultima and shall file all other elections (or make such other filings) that are necessary or desirable to minimize Taxes becoming payable by Ultima or Petrofund or subsidiaries of either of them or unitholders as a result of the transactions comprising the Acquisition and Redemption Transaction and its related transactions.
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Rollover Election. 2.05 SCC..................................... Recitals Schedule 13E-3.......................... 8.02
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Rollover Election. In the event a firefighter does not wish to participate in the Deferred Cash-Out Option, upon separation from the Department the firefighter will have a one- time opportunity to have his “drag up” pay rolled over into his HFRRF DROP, 457, or 457b accounts to the extent allowed by the plans and law. This election must be made in writing and done prior to the firefighter’s separation date.
Sample 1
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Related to Rollover Election

  • Section 83(b) Election Purchaser understands that Section 83(a) of the Code, taxes as ordinary income the difference between the amount paid for the Stock and the fair market value of the Stock as of the date any restrictions on the Stock lapse. In this context, "restriction" includes the right of the Company to buy back the Stock pursuant to the Repurchase Option set forth in Section 2(a) above. Purchaser understands that Purchaser may elect to be taxed at the time the Stock is purchased, rather than when and as the Repurchase Option expires, by filing an election under Section 83(b) of the Code (an "83(b) Election") with the Internal Revenue Service in the form attached hereto as Exhibit C within thirty (30) days from the date the Stock is purchased. Even if the fair market value of the Stock at the time of the execution of this Agreement equals the amount paid for the Stock, the 83(b) Election must be made to avoid income under Section 83(a) of the Code in the future. Purchaser understands that failure to file such an 83(b) Election in a timely manner may result in adverse tax consequences for Purchaser. Purchaser further understands that an additional copy of such 83(b) Election is required to be filed with his or her federal income tax return for the calendar year in which the date of this Agreement falls. Purchaser acknowledges and understands that it is solely Purchaser's obligation and responsibility to timely file such 83(b) Election, and neither the Company nor the Company's legal or financial advisors shall have any obligation or responsibility with respect to such filing. Purchaser acknowledges that the foregoing is only a summary of the effect of United States federal income taxation with respect to purchase of the Stock hereunder and does not purport to be complete. Purchaser further acknowledges that the Company has directed Purchaser to seek independent advice regarding the applicable provisions of the Code, the income tax laws of any municipality, state or foreign country in which Purchaser may reside, and the tax consequences of Purchaser's death. Purchaser assumes all responsibility for filing an 83(b) Election and paying all taxes resulting from such election or the lapse of the restrictions on the Stock.

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