Forfeiture Allocations definition

Forfeiture Allocations has the meaning set forth in Section 4.2.
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Forfeiture Allocations has the meaning set forth in Section 6.02(e).
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Forfeiture Allocations has the meaning set forth in Section VI.2(e).
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Examples of Forfeiture Allocations in a sentence

  • For the avoidance of doubt, the Company is entitled to make Forfeiture Allocations and, once required by applicable final or temporary guidance, allocations of Net Income and Net Loss will be made in accordance with Proposed Treasury Regulations Section 1.704-1(b)(4)(xii)(c) or any successor provision or guidance.

  • ACI: American Concrete Institute.GC: General Conditions of Construction Contracts of the City and County of Honolulu.

  • Thus, if the partnership in the above example had no gain or loss in 2006, but had either gains or losses in 2007, we think it would be appropriate to permit the Forfeiture Allocations in 2007 so long as A continued to be a partner of the partnership during that year.7) Amount of Required Forfeiture Allocation upon Partial Forfeiture.

  • The grant recipient must disclose to MOSTI in writing, of the existence of the Project Intellectual Property not later than 60 days from the Project Completion Date.

  • We recommend that the final regulations provide guidance as to how the amount of required Forfeiture Allocations should be determined in cases where a partner forfeits part (but not all) of his partnership interest.

  • The Company and the Members acknowledge that allocations like those described in Proposed Treasury Regulations Section 1.704-1(b)(4)(xii)(c) (" Forfeiture Allocations") result from the allocations of Net Income and Net Loss provided for in this Agreement.

  • Similarly, in addition to allowing a partnership to create notional items to make any necessary Forfeiture Allocations, we believe that the Forfeiture Allocations should be permitted in subsequent years to the extent that there were insufficient available items in the year of forfeiture.

  • We note that, in the analogous Subchapter S area, a service provider who makes a Section 83(b) election with respect to unvested stock in an “S” corporation is treated as an owner of the stock for tax purposes and no Forfeiture Allocations are required if such unvested shares are subsequently forfeited.

  • Nevertheless, we believe that partnerships should have some flexibility to adjust the makeup of the Forfeiture Allocations in cases where the adjustments are reasonably designed to allow the character of the forfeiting allocation to match the character of the allocations giving rise to the Forfeiture Allocation.

  • This assumption can prove incorrect and in these cases the Forfeiture Allocations will further distort the relative tax positions of the existing partners.Example 15: A acquires an unvested profits interest for services on January 1, 2005 and makes a timely election under Section 83(b) for the interest.


More Definitions of Forfeiture Allocations

Forfeiture Allocations has the meaning set forth in Section 6.4(f). “Fresh Benefit” has the meaning set forth in Section 9.4.
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Forfeiture Allocations mean allocations, to a Restricted Unit Member who has made a Section 83(b) election with respect to the Member's Interest, of gross income and gain or gross deduction and loss (to the extent such items are available) for the taxable year of the forfeiture of such Interest in a positive or negative amount equal to (1) the excess (not less than zero) of (a) the amount of distributions to the Member with respect to such Member's Membership Interest over (b) the amounts paid for such Membership Interest minus (2) the cumulative net income (or loss) allocated to the Restricted Unit Member with respect to such Member's Membership Interest.
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Related to Forfeiture Allocations

  • Tax Allocations means the allocations set forth in paragraph 4 of Exhibit B.

  • Employer Contributions means all amounts paid into ASRS by an

  • Allocations means any and all of the allocations described in Sections 1.3(a), 1.3(b), 1.3(c) and 1.3(d) hereof.

  • Required Allocations means any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), Section 6.1(d)(ii), Section 6.1(d)(iv), Section 6.1(d)(v), Section 6.1(d)(vi), Section 6.1(d)(vii) or Section 6.1(d)(ix).

  • Participant Contributions means contributions made by the Participant pursuant to an executed Pay Reduction Agreement subject to the Participant Contribution limits contained in Article III.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Curative Allocation means any allocation of an item of income, gain, deduction, loss or credit pursuant to the provisions of Section 6.1(d)(ix).

  • Load allocation means the portion of a receiving water's loading capacity that is allocated to one

  • Loss Allocation Limitation As defined in Section 4.4(g).

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Capital Account Limitation has the meaning set forth in Section 4.05(b) hereof.

  • Initial Allocation means the conditional setting aside by MBOH of HCs from a particular year’s federal LIHTC allocation to the state for purposes of later Carryover Commitment and/or Final Allocation to a particular Project, as documented by and subject to the requirements and conditions set forth in a written Reservation Agreement, the Applicable QAP and federal law.

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Member contributions means all amounts paid to ASRS by a member.