S Corporation Period definition

S Corporation Period means, as to the Company the period commencing on the effective date of its S election and ending on the date immediately preceding the S Termination Date.
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S Corporation Period means the period beginning on July 1, 1989 and ending at the close of business two days immediately preceding the Termination Date.
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S Corporation Period has the meaning given in Section 4.10.
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Examples of S Corporation Period in a sentence

  • The parties acknowledge and intend that taxable income shall be allocated between Company's calendar year beginning January 1, 1999 through the Effective Time between its S Corporation Period and C Corporation Period based on the interim closing of the books method in accordance with the provisions of Section 1362(e)(6)(D) of the Code.

  • The parties acknowledge and intend that Company's status as an "S" corporation will end on the last day of the S Corporation Period in accordance with the provisions of Section 1362(e)(1)(A) of the Code and Company's status as a "C" corporation will begin immediately after the S Corporation Period in accordance with the provisions of Section 1362(e)(1)(B) of the Code.

  • In the event the Company or Shareholders shall incur additional federal or State Income Taxes (including, for all purposes of this Agreement, New York franchise taxes) relating to the Company's income and operations during the S Corporation Period due to a post-Closing tax audit, the Shareholders agree to pay such additional Taxes.

  • Each Shareholder shall notify the Company within fifteen (15) days after receiving any notice of an intention of a taxing authority to audit any return of such Shareholder that includes any item of income, gain, loss, deduction or credit reported by the Company with respect to the S Corporation Period.

  • Xxxxx Xxxxxxx is the "tax matters person" of the Company for the S Corporation Period.

  • The Company and the Shareholder shall retain all books and records pertaining to any event which might relate to a Company Adjustment until the expiration of the statute of limitations applicable to a possible adjustment, audit or proceeding by any Taxing Authority relating to the S Corporation Period.

  • For the period commencing on November 16, 1989 through the Termination Date (the "S Corporation Period"), the Company was subject to an election to be taxed as an "S" corporation under Section 1362 of the Internal Revenue Code of 1986, as amended (the "Code"), and under similar provisions of state income tax laws.

  • None of the Company, any Company Subsidiary or any Sellers have, during the S Corporation Period, taken any action or tax return position inconsistent with the treatment of the Company as an S Corporation.

  • Accordingly, the parties desire to set forth their agreement with respect to certain income taxes which may be imposed upon one or more of the Stockholders or the Company after the Termination Date as a result of the conduct of the Company's business during the S Corporation Period.

  • The Company Shareholders shall include the income of Company on their state and federal income Returns for all periods ending at or prior to the Effective Time (each an "S Corporation Period" and collectively, the "S Corporation Periods").


More Definitions of S Corporation Period

S Corporation Period means the period commencing April 1, 1988 and ending on the day before the Termination Date.
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S Corporation Period means the period commencing February 1, 1993 and ending on the Termination Date.
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Related to S Corporation Period

  • 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.

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

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • 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.

  • 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.

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Affiliation period means a period which, under the terms of the health insurance coverage offered

  • Eligibility Computation Period means a 12-consecutive month period beginning with your first day of employment. Any succeeding Eligibility Computation Period will then switch to the Plan Year, beginning with the Plan Year that includes your first anniversary of employment. You will generally earn an hour of service for each hour you are paid for the performance of duties for the Company (however, numerous exceptions and special rules apply).

  • Limitation Period means any period while any amount remains owing on the Note and interest on such amount calculated at the Floating Rate, plus any fees payable hereunder and deemed to be interest under applicable law, would exceed the Maximum Rate.

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

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

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

  • 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 the Schedule to these Terms;

  • Ramp Period The Ramp Period begins on the Effective Date and ends after three (3) full months. At all times during the Ramp period, Customer will receive the rates, discounts, charges and credits in the agreement and will not be subject to an AVC. Annual Volume Commitment (“AVC”): Customer agrees to pay Company no less than $2,836,000 in Total Service Charges in each twelve-month period during the Initial Term (“Contract Year”), which is the Annual Volume Commitment (“AVC”).

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Start-up period means up to a maximum of 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).

  • 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.

  • 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.

  • Retention Period means the time period that the Customer Data is stored within the cloud storage, as specified in the product addenda.

  • Deconsolidation Date means the last date on which SpinCo qualifies as a member of the affiliated group (as defined in Section 1504 of the Code) of which Parent is the common parent.

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Allocation Period means the period (a) commencing on the date hereof or, for any Allocation Period other than such first Allocation Period, the day following the end of a prior Allocation Period and (b) ending (A) on the last day of each Fiscal Year, (B) on the day preceding any day in which an adjustment to the Book Value of the C.V.’s properties pursuant to clause (b)(i), (ii), (iii) or (v) of the definition of Book Value occurs, (C) immediately after any day in which an adjustment to the Book Value of the C.V.’s properties pursuant to clause (b)(iv) of the definition of Book Value occurs, or (D) on any other date determined by the Managing Partner.

  • Qualification Period means the period of time in which a CDC Owner, Operator or a Qualified Colocation Tenant is eligible for Program benefits and means specifically (a) in respect to a CDC Owner or Operator, as defined in subsection IX.A. and (b) in respect to a CDC Qualified Colocation Tenant, as defined in subsection IX.B.

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Holding Period means, with respect to a Hold-the-Offering-Price Maturity, the period starting on the Sale Date and ending on the earlier of (i) the close of the fifth business day after the Sale Date ( ), or (ii) the date on which the Underwriter has sold at least 10% of such Hold-the-Offering-Price Maturity to the Public at prices that are no higher than the Initial Offering Price for such Hold-the-Offering-Price Maturity.