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 commencing April 1, 1988 and ending on the day before 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

  • 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.

  • 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.

  • Analysis of Provision – Section 1371 ‌ Eligible Terminated S Corporation Period When the S corporation status is terminated and the corporation continues to operate, the business is immediately treated as a C corporation.

  • 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.

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

  • 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.

  • Shareholders' Agent shall be responsible for timely filing all federal and state income Returns of Company for the final S Corporation Period.

  • At least two contracts in last eight years (after March 2012), contracts being executed shall also be considered, and out of which at least one should be in PSU Power Plants, Govt./Pvt.

  • 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").

  • This Agreement constitutes the entire agreement between the parties with respect to all liabilities between the Shareholder and the Company resulting from any income tax adjustments by a Taxing Authority for the S Corporation Period and supersedes all prior agreements and understandings, oral and written, between the Shareholder and the Company relating to the subject matter of this Agreement.


More Definitions of S Corporation Period

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

  • S corporation means a person that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for its taxable year.

  • 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.

  • Subchapter S Corporation (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of stock of Borrower, or (d) purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • 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 a period of time that Customer includes in a nomination for gas service.

  • 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;

  • 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 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.

  • Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.

  • 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 beginning, at the election of the Company, with the funding date of the purchase price for a Specified Acquisition and ending on the earliest of (a) the third following fiscal quarter end, (b) the Company’s receipt of proceeds of a Specified Equity Offering; and (c) the Company’s election in writing to terminate such Acquisition Period.

  • 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 shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Qualifying corporation means any person classified for federal income tax purposes as an association taxable as a corporation, except either of the following:

  • 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:

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

  • Retention Period means the minimum time that must pass after the creation, recording, or receipt of a record, or the fulfillment of certain actions associated with a record, before it is eligible for destruction.