Nonallocation Period definition

Nonallocation Period means the period beginning on the date of the sale of Company Stock and ending on the later of the date which is 10 years after the date of the sale, or the date of the Plan allocation attributable to the final payment of acquisition indebtedness incurred in connection with such sale.
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Nonallocation Period means the period beginning on the date of the Section 1042 Sale and ending on the later of the date that is ten years after the date of the Section 1042 Sale, or the date of the plan allocation attributable to the final payment of acquisition indebtedness incurred in connection with the Section 1042 Sale.
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Nonallocation Period means the period beginning on the date of the sale of the Company Stock and ending on the later of:
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Examples of Nonallocation Period in a sentence

  • The Nonallocation Period is the period beginning on the date of the sale of the Stock to the Plan and ending on the later of the date that is ten years after the date of the sale, or the date of the Plan’s allocation attributable to the final payment of acquisition indebtedness incurred in connection with that sale.

  • Nonallocation Period refers to the period beginning on the date of the sale of Employer Securities and ending on the later of: (i) the date which is ten (10) years after the date of sale or (ii) the date of the Plan allocation attributable to the final payment of acquisition indebtedness incurred in connection with such a sale.

  • The Applicable Nonallocation Period shall begin on the closing date for the sales made pursuant to the Tender Offer and shall end on the later of (1) the date which is 10 years after such closing date or (2) the date of the allocation attributable to the final payment of acquisition indebtedness incurred in connection with such sales of Company Stock made pursuant to the Tender Offer.

  • Those shares of Company Stock sold to the Plan under the Tender Offer and with respect to which there has been an election under Code Section 1042 shall be referred to as "1042 Shares." (B) The Nonallocation Period for sales of 1042 Shares shall be referred to as the "Applicable Nonallocation Period".

  • Notwithstanding Sections 6.3, 6.4, and 6.5, no Section 1042 Stock shall be allocated to any Section 1042 Participant during the Section 1042 Nonallocation Period.

  • Nonallocation Period means the period beginning on the date of the Code §1042 Sale, or the date of the Plan allocation attributable to the final payment of acquisition indebtedness incurred in connection with the Code §1042 Sale.

  • If the Employer is a C corporation, no portion of the Plan assets attributable to (or allocable in lieu of) Employer Stock acquired by the Plan in a Code §1042 Sale may accrue (or be allocated directly or indirectly under any plan qualified under Code §401(a) maintained by the Employer) (1) during the Nonallocation Period for the benefit of any Nonallocation Participant, or (2) for the benefit of a 25% Shareholder.


More Definitions of Nonallocation Period

Nonallocation Period means the period beginning on the date of the sale of Company Stock to the Plan and ending on the later of:
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Nonallocation Period means the period beginning on the date of the sale of any Company Stock to which Code Section 1042 applies and ending on the later of (i) the date which is 10 years after the date of sale, or (ii) the date of
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Nonallocation Period means the ten (10) year period beginning on the date of sale of the Company Stock and ending on the later of: (i) the date which is ten (10) years after the date of sale; or (ii) the date of the Plan allocation attributable to the final payment of acquisition indebtedness incurred in connection with such sale.
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Nonallocation Period means the period beginning on the date of sale and ending on the later of ten (10) years after the date of sale or the date of the allocation attributable to the final payment on the any acquisition loan incurred with respect to the sale. An election under Section 1042 of the Code may not be made if the Company is an S corporation at the time of sale, but if such an election is made for a time when the Company is a C corporation the restrictions of this subsection shall continue to apply if the Company becomes an S corporation; and
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Nonallocation Period means the period beginning on the date of the sale of Employer Securities and ending on the later of:
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Nonallocation Period means the period beginning on the date of the sale of Stock and ending on the later of the 10th anniversary of the date of sale or the date of the Plan allocation attributable to the final payment on the Exempt Loan (if any) incurred to purchase the Stock.
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Related to Nonallocation Period

  • Allocation Period means (a) the period commencing on February 10, 2016 and ending on December 31, 2016, (b) any subsequent period commencing on January 1 and ending on the following December 31, or (c) any portion of the period described in clause (a) or (b) for which the Partnership is required to allocate Net Profits, Net Losses, and other items of Partnership income, gain, loss or deduction pursuant to ARTICLE IV.

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Tax Limitation Period means the Tax Years for which the Applicant’s Qualified Property is subject to the Tax Limitation Amount and as further identified in Section 2.3.D of this Agreement.

  • Post-Deconsolidation Period means any Tax Period beginning after the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Deconsolidation Date.

  • Pre-Distribution Period means any Tax Period ending on or before the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Distribution Date.

  • Post-Distribution Period means any Tax Period beginning after the Distribution Date and, in the case of any Straddle Period, the portion of such Tax Period beginning on the day after the Distribution Date.

  • Pre-Deconsolidation Period means any Tax Period ending on or before the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Deconsolidation Date.

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Limitation Period means any period while any amount remains owing on the Note and interest on such amount, calculated at the applicable interest rate, plus any fees or other sums payable under any Loan Document and deemed to be interest under applicable law, would exceed the amount of interest which would accrue at the Highest Lawful Rate.

  • Overlap Period means any taxable year or other taxable period beginning on or before and ending after the Closing Date.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;

  • Start-up period means up to 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age range of the Academy will have some pupils present).

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Determination Period means the period from and including a Determination Date in any year to but excluding the next Determination Date; and

  • Reais Allocation Date means, with respect of any Reais Transfer Date, the Business Day which is immediately prior to such Reais Transfer Date.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Nomination Period means, in respect of a Nomination, the period from the Nomination Start Time to the Nomination End Time;

  • Distribution Period means, as to any securities or combination of securities, each period from and including a Distribution Date for such securities to but not including the next succeeding Distribution Date for such securities.

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in Schedule 1 to these Terms;

  • Acquisition Period means the period ending five (5) business days prior to

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.