Termination of S Corporation Status. The Company shall terminate its ----------------------------------- status as an S corporation pursuant to an election, as permitted pursuant to Section 1362(d)(1) of the Code, which election shall be made by the Company and the Stockholders and shall be effective on the Termination Date.
Appears in 1 contract
Samples: Indemnification Agreement (International Computex Inc)
Termination of S Corporation Status. The Company shall terminate its ----------------------------------- status as an S corporation pursuant to an election, as permitted pursuant to Section 1362(d)(1) of the Code, which election shall be made by the Company and the Stockholders Shareholders and shall be effective on the Termination Date.
Appears in 1 contract
Samples: Allocation and Indemnification Agreement (Syntel Inc)
Termination of S Corporation Status. The Company shall terminate ----------------------------------- its ----------------------------------- status as an S corporation pursuant to an election, as permitted pursuant to Section 1362(d)(1) of the Code, which election shall be made by the Company and the Stockholders Shareholders and shall be effective on the Termination Date.
Appears in 1 contract
Samples: Indemnification Agreement (Information Management Resources Inc)
Termination of S Corporation Status. The Company shall terminate represents that it ----------------------------------- terminated its ----------------------------------- status as an S corporation pursuant to an election, as permitted pursuant to Section section 1362(d)(1) of the Code, which election shall be made by the Company and the Stockholders and shall be effective on the date of pricing of the shares of common stock to be offered and sold in the Public Offering (the "Termination Date").
Appears in 1 contract
Samples: Allocation and Indemnification Agreement (Acsys Inc)
