Section 6225 Sample Clauses

Section 6225. To the extent that the Partnership Representative does not make the election under Section 6226 of the Code with respect to a material imputed underpayment amount (determined in the Partnership Representative’s sole discretion) and the Company pays any imputed adjustment amount (including tax, any penalties, and interest) under Section 6225 of the Code, the Company shall allocate such amount among the Members in a manner it determines to be fair and equitable. The Managing Member shall seek payment from each Member (including any former Member) for its allocable amount, and each such Member hereby agrees to pay such amount to the Company (such amount shall not be treated as a Capital Contribution). Any amount not paid under the preceding paragraph by an Member (or former Member) at the time requested by the Managing Member shall accrue interest at the Applicable Rate until paid, and such Member (or former Member) shall also be liable to the Company for any damages resulting from a delay in making such payment beyond the date such payment is requested by the Managing Member. Without reduction in an Member’s (or former Member’s) obligation under the preceding paragraphs, any imputed adjustment amount paid by the Company that is attributable to an Member (or former Member), and that is not paid by such Member shall be treated as a distribution to such Member (or former Member). Expense items attributable to any imputed adjustment amount of the Company shall be specially allocated to each Member in proportion to which such Member bears the cost of such imputed adjustment amount.
Sample 1
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Related to Section 6225

  • Section 6.2 13 The Association representatives may represent the Association and employees in meeting with officials 14 of the District to discuss appropriate matters of mutual interest. They may receive and investigate to 15 conclusion complaints or grievances of employees on District time and thereafter advise employees of 16 rights and procedures outlined in this Agreement and applicable regulations or directives for resolving 17 the grievances or complaints. They may not, however, continue to advise the employee on courses of 18 action after the employee has indicated a desire not to pursue a grievance. This does not, however, 19 preclude the Association's right to pursue the matter to conclusion. They may consult with the District 20 on complaints without a grievance being made by an individual employee.

  • Section 6.3 7 Visitation rights shall be granted to the designated representative of the Public School Employees of 8 Washington to visit with employees in the appropriate bargaining units for purposes of grievance 9 procedures and/or general information data. The visiting delegate shall notify the School District of 10 his/her arrival. The visitation rights shall not interfere with the employees normal work routine.

  • Section 7.3 42 Each employee shall be assigned to a definite shift with designated times of beginning and ending.

  • Section 7.5 16 Employees required to work through their regular lunch periods will be given time to eat at a time 17 agreed upon by the employee and supervisor. In the event the District requires an employee to forego 18 a lunch period and the employee works the entire shift, including the lunch period, the employee shall 19 be compensated for the foregone lunch period at one and one-half (1½) the regular rate.

  • Section 7.2 25 Each employee shall be assigned to a definite and regular shift and workweek, which shall not be 26 changed without prior notice to the employee of two (2) calendar weeks, except in emergencies.

  • Section 7.4 43 In the event an employee is assigned to a shift less than the normal work shift previously 44 defined in this Article, the employee shall be given a fifteen (15) minute rest period for each 45 consecutive/continuous four (4) hours of work. Employees assigned six (6) or more hours shall 46 be given two (2) 15-minute rest periods and an unpaid lunch period.

  • Section 4.5 37 The President of the Association and designated representatives will be provided time off without loss of 38 pay to a maximum of three (3) days per year to attend regional or State meetings when the purpose of 39 those meetings is in the best interests of the District as determined by the District administration.

  • Section 4.7 1. 42 The responsibility for the prompt removal of notices from the bulletin boards after they have 43 served their purpose shall rest with the individual who posted such notices. 44 45 46 47 48 49 1 ARTICLE V 2 3 APPROPRIATE MATTERS FOR CONSULTATION AND NEGOTIATIONS

  • Section 5.3 40 It is further recognized that this Agreement does not alter the responsibility of either party to meet with 41 the other party to advise, discuss or consult regarding matters concerning working conditions not 42 covered by this Agreement. 43

  • Section 5.1 6 It is agreed and understood that matters appropriate for consultation and negotiation between the 7 District and the Association are those relating to or affecting hours, wages, grievance procedures and 8 general working conditions of employees in the bargaining unit subject to this agreement.

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