Rollover Election Sample Clauses

Rollover Election. At the time you make a proper rollover to a ▇▇▇▇ ▇▇▇, 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 request of each Rollover Holder, Purchaser shall execute a joint election with such Rollover Holder under subsection 85(1) of the Tax Act, and section 518 of the Taxation Act (Québec), in respect of the disposition by such Rollover Holder of those Purchased Shares that are in consideration for the Exchangeable Shares. The elected amount for purposes of subsection 85(1) of the Tax Act shall be an amount determined by the electing Rollover Holder, but the amount so determined shall be within the limits provided for in the Tax Act. The electing Rollover Holder shall prepare and deliver to Purchaser for execution no less than thirty (30) days prior to the date on which they are required to be filed, and such Rollover Holder and Purchaser shall jointly execute and the Rollover Holder shall file, within the prescribed time limits, the prescribed election forms required to give effect to the foregoing. Purchaser shall have no obligation pursuant to this Section other than to deliver the election form duly executed by Purchaser to the applicable Rollover Holder no later than seven (7) days from receipt of same from the Rollover Holder and shall have no liability in respect of the correct or timely filing (or non-filing) of such election form.
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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. At each Vendor's discretion, such Vendor and the Purchaser shall jointly execute an election pursuant to subsection 85(1) of the Tax Act (and any provincial equivalents) in respect of the transfer by such Vendor of such Vendor's Target Shares to the Purchaser for consideration consisting in part of the allotment and issuance by the Purchaser to such Vendor of Purchaser Shares. The "elected amount" for the purposes of such election(s) shall be an amount determined by such Vendor, but the amount so determined shall be within the limits provided for in the Tax Act (and any provincial equivalents). Such Vendor shall prepare and complete the prescribed election form(s), and such Vendor and the Purchaser shall promptly jointly execute the prescribed election form(s), which shall be filed by such Vendor to give effect to the foregoing in accordance with the time limits provided for in subsections 85(6) or 85(7) of the Tax Act, as applicable. Any amounts payable by a Vendor pursuant to subsection 85(8) of the Tax Act shall be paid by such Vendor.
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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. 1. There will be no lump sum payment made to the firefighter unless required because of an inability of the Houston Firefighters’ Relief and Retirement Fund (HFRRF), a 457, or 457b plan to accept all of the “certain additional pre-tax employer contributions” made on behalf of members who have separated from service and are having payments made into HFFRRF as authorized by the AGREEMENT BETWEEN THE HOUSTON FIREFIGHTERS’ RELIEF AND RETIREMENT FUND AND THE CITY OF HOUSTON. 2. For each such member identified above, the CITY shall indicate the member’s DROP/PROP Account that shall receive these employer contributions. In such an event any funds which could not be accepted by HFRRF, a 457, or a 457b account will be paid to the firefighters in a Lump Sum Pay-Out Option as described below.
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Rollover Election. 2.05 SCC..................................... Recitals Schedule 13E-3.......................... 8.02
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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: (a) to Petroleum and Natural Gas Rights $ 314,999.00 (b) to Tangibles $ 309,000.00 (c) to Proprietary Seismic $ 11,000.00 (d) to Miscellaneous Interests $ 1.00 ------------- TOTAL: $ 635,000.00
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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, 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. 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.
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Related to Rollover Election

  • Rollover □ Rollover of a withdrawal from another Traditional IRA or of an eligible rollover distribution from an employer qualified plan, 403(b) arrangement or eligible 457 plan. Check enclosed in the amount of $ . [If this rollover contribution constitutes all or part of either a withdrawal from another Traditional IRA or an eligible rollover distribution from an employer qualified plan or 403(b) arrangement, and if it includes any after-tax (or nondeductible) contributions to such other Traditional IRA or employer qualified plan or 403(b) arrangement, indicate the amount of after-tax contributions included in this rollover contribution: $ .]

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • 83(b) Election You may make and file with the Internal Revenue Service an election under Section 83(b) of the Code with respect to the grant of the Restricted Shares hereunder, electing to include in your gross income as of the Grant Date the Fair Market Value of the Restricted Shares as of the Grant Date. You shall promptly provide a copy of such election to the Company. If you make and file such an election, you shall make such arrangements in accordance with Section 8 as are satisfactory to the Committee to provide for the timely payment of all applicable withholding taxes.

  • Rollover Contributions and Transfers The Custodian shall have the right to receive rollover contributions and to receive direct transfers from other custodians or trustees. All contributions must be made in cash or check.

  • Rollover of Units (a) If the Depositor shall offer a subsequent series of the Trusts, (the "New Series"), the Trustee shall, at the Depositor's sole cost and expense, include in the notice sent to Unit holders specified in Section 8.02 a form of election whereby Unit holders, whose redemption distribution would be in an amount sufficient to purchase at least one Unit of the New Series, may elect to have their Unit(s) redeemed in kind in the manner provided in Section 5.02, the Securities included in the redemption distribution sold, and the cash proceeds applied by the Distribution Agent to purchase Units of a New Series, all as hereinafter provided. The Trustee shall honor properly completed election forms returned to the Trustee, accompanied by any Certificate evidencing Units tendered for redemption or a properly completed redemption request with respect to uncertificated Units, by its close of business on the Rollover Notification Date. The notice and form of election to be sent to Unit holders in respect of any redemption and purchase of Units of a New Series as provided in this section shall be in such form and shall be sent at such time or times as the Depositor shall direct the Trustee in writing and the Trustee shall have no responsibility therefor. The Distributions Agent acts solely as disbursing agent in connection with purchases of Units pursuant to this Section and nothing herein shall be deemed to constitute the Distribution Agent a broker in such transactions All Units so tendered by a Unit holder (a "Rollover Unit holder") shall be redeemed and cancelled during the Special Redemption and Liquidation Period on such date or dates specified by Depositor. Subject to payment by such Rollover Unit holder of any tax or other governmental charges which may be imposed thereon, such redemption is to be made in kind pursuant to Section 5.02 by distribution of cash and/or Securities to the Distribution Agent on the redemption date equal to the net asset value (determined on the basis of the Trust Fund Evaluation as of the redemption date in accordance with Section 4.01) multiplied by the number of Units being redeemed (herein called the "Rollover Distribution"). Any Securities that are made part of the Rollover Distribution shall be valued for purposes of the redemption distribution as of the redemption date. All Securities included in a Unit holder's Rollover Distribution shall be sold by the Distribution Agent during the Special Redemption and Liquidation Period specified in the Prospectus pursuant to the Depositor's direction, and the Distribution Agent shall, unless directed otherwise by the Depositor, employ the Depositor as broker in connection with such sales. For such brokerage services, the Depositor shall be entitled to compensation at its customary rates, provided however, that its compensation shall not exceed the amount authorized by applicable securities laws and regulations. The Depositor shall direct that sales be made in accordance with the guidelines set forth in the Prospectus under the heading "Special Redemption, Liquidation and Investment in a New Trust." Should the Depositor fail to provide direction, the Distribution Agent shall sell the Securities in the manner provided in the prospectus. The Distribution Agent shall have no responsibility for any loss or depreciation incurred by reason of any sale made pursuant to this Section. Upon completion of all sales of Securities included in the Rollover Unit holder's Rollover Distribution, the Distribution Agent shall, as agent for such Rollover Unit holder, enter into a contract with the Depositor to purchase from the Depositor Units of a New Series (if any), at the Depositor's public offering price for such Units on such day, and at such reduced sales charge as shall be described in the prospectus for such Trust. Such contract shall provide for purchase of the maximum number of Units of a New Series whose purchase price is equal to or less than the cash proceeds held by the Distribution Agent for the Unit holder on such day (including therein the proceeds anticipated to be received in respect of Securities traded on such day net of all brokerage fees, governmental charges and any other expenses incurred in connection with such sale), to the extent Units are available for purchase from the Depositor. In the event a sale of Securities included in the Rollover Unit holder's redemption distribution shall not be consummated in accordance with its terms, the Distribution Agent shall apply the cash proceeds held for such Unit holder as of the settlement date for the purchase of Units of a New Series to purchase the maximum number of Units which such cash balance will permit, and the Depositor agrees that the settlement date for Units whose purchase was not consummated as a result of insufficient funds will be extended until cash proceeds from the Rollover Distribution are available in a sufficient amount to settle such purchase. If the Unit holder's Rollover Distribution will produce insufficient cash proceeds to purchase all of the Units of a New Series contracted for, the Depositor agrees that the contract shall be rescinded with respect to the Units as to which there was a cash shortfall without any liability to the Rollover Unit holder or the Distribution Agent. Any cash balance remaining after such purchase shall be distributed within a reasonable time to the Rollover Unit holder by check mailed to the address of such Unit holder on the registration books of the Trustee. Units of a New Series will be uncertificated unless and until the Rollover Unit holder requests a certificate. Any cash held by the Distribution Agent shall be held in a non-interest bearing account which will be of benefit to the Distribution Agent in accordance with normal banking procedures. Neither the Trustee nor the Distribution Agent shall have any responsibility or liability for loss or depreciation resulting from any reinvestment made in accordance with this paragraph, or for any failure to make such reinvestment in the event the Depositor does not make Units available for purchase. (b) Notwithstanding the foregoing, the Depositor may, in its discretion at any time, decide not to offer any new Trust Series in the future, and if so, this Section