IRS Regulations definition

IRS Regulations means the U.S. Treasury Regulations promulgated under the Code, as may be amended from time to time (including corresponding provisions of successor IRS Regulations).

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IRS Regulations means the laws and regulations adopted by Congress, the United States Department of Treasury or Internal Revenue Service from time to time.

IRS Regulations means the laws and regulations adopted by Congress or issued by the U.S. Department of Treasury or the Internal Revenue Service under the Code.

Examples of IRS Regulations in a sentence

• In accordance with IRS Regulations, utilizing relevant information provided to BNYM in the ordinary course of performing the services provided for in the Agreement, report cost basis information to shareholders on an average cost basis by tax year and Shares, except when the Shareholder requests such reporting to occur on another basis permitted by the Written Procedures.

• However, IRS Regulations require funds to be received by us by certain contribution and rollover deposit deadlines.

• Except as otherwise required by the Code and the IRS Regulations, each loan shall have a repayment period of not less than 12 months and not in excess of 60 months, unless the purpose of the loan is for the purchase of a primary residence, in which case the loan may be for not more than 180 months.

• To the extent the deduction for such contribution is disallowed, in accordance with IRS Regulations, the Employer may request the return to it of such contribution within one year after the disallowance of the deduction.

• The District will maintain a “125 Plan” that is in conformance with IRS Regulations for all certified employees.

• The Trustee of the Plan may also accept a direct transfer of funds, which meets the requirements of Section 1.411(d)-4 of the IRS Regulations, from a plan which the Trustee reasonably believes to be qualified under Section 401(a) of the Code in which an Employee was, is, or will become, as the case may be, a participant.

• Note: IRS Regulations do not permit you to change the method used to determine the cost basis of a settled trade.

• Employees eligible to make Elective Deferrals to this Plan must be eligible to receive the Safe Harbor Contribution in the Plan listed below, to the extent required by applicable IRS Regulations.

• The mileage rate will be such amount as allowed by IRS Regulations.

• The Employer may elect in the Adoption Agreement to change from the Prior Year Testing method to the Current Year Testing method in accordance with the Code and IRS Regulations.

More Definitions of IRS Regulations

IRS Regulations means the rules, regulations, orders and interpretations of rules, regulations and orders adopted under the Code, as in effect from time to time.

IRS Regulations means the laws and regulations adopted by Congress or issued by the Internal Revenue Services as applicable to non-qualified deferred compensation plans or arrangements.

IRS Regulations means the rules, regulations, orders and interpretations of rules, regulations and orders adopted under the Code, as in effect from time to time. “Managing Member” shall mean Trac Lease, Inc. “Member” shall mean any of the persons listed on Schedule 1 attached hereto or any person who becomes a member pursuant to Section 7.3. “Member Nonrecourse Debt” shall mean “partner non-recourse debt” as set forth in Section 1.704-2(b)(4) of the IRS Regulations. “Member Nonrecourse Debt Minimum Gain” shall mean an amount, with respect to each Member Nonrecourse Debt, equal to the Company Minimum Gain that would result if such Member Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Section 1.704-2(i)(2) and (3) of the IRS Regulations. “Member Nonrecourse Deductions” shall mean “partnership nonrecourse deductions” as set forth in Section 1.704-2(i)(2) of the IRS Regulations. For any Fiscal Year, the amount of Member Nonrecourse Deductions with respect to a Member Nonrecourse Debt equals the excess, if any, of the net increase, if any, in the amount of the Member Nonrecourse Debt Minimum Gain attributable to such Member Nonrecourse Debt over the aggregate amount of any distributions during such Year to the Member that bears the economic risk of loss for such Member Nonrecourse Debt to the extent such distributions are from proceeds of such Member Nonrecourse Debt and are allocable to an increase in Member Nonrecourse Debt Minimum Gain, determined according to the provisions of Section 1.704-2(i)(2) of the IRS Regulations. “Membership Interest” shall mean, with respect to any person, all of the interests of that person in the Company, including, without limitation, such person’s (i) right to a distributive share of profits and losses of the Company, (ii) right to a distributive share of Company assets, and (iii) right, if any, to participate in the management and control of the business and affairs of the Company. “Net Income” and “Net Loss” means, with respect to any Fiscal Year, an amount equal to the Company’s taxable income or loss for such Fiscal Year or period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments: -4- (a) Any income of the Company that is exempt from federal income tax and not otherwise taken into account in...

IRS Regulations means the federal income tax regulations promulgated under the Code, including any temporary regulations, as in effect from time to time.

IRS Regulations means the Income Tax Regulations promulgated under the Code, and any successor IRS Regulations as amended from time to time. LAW shall have the meaning ascribed to such term in the Participation Agreement. LIEN shall have the meaning ascribed to such term in the Participation Agreement. LP&L means Louisiana Power & Light Company, a Louisiana corporation, and any of its successors or assigns.