S Election definition

S Election shall have the meaning set forth in Recital A.

S Election has the meaning set forth in Section 4.13(f).

S Election has the meaning set forth in Section 7.5(g).

Examples of S Election in a sentence

• See “Consequences of a Subchapter S Election — Built-in gains,” above.

• If a Shareholder hereafter reports an item on such Shareholder’s income tax return in a manner materially inconsistent with the tax treatment reflected in the Schedule K-1 or other tax information provided to the Shareholders by the Company for a taxable period during which the Company had an S Election in effect, the Shareholder shall notify the Company of such treatment before filing the Shareholder’s income tax return.

• You all claim 25 percent of visit total equipment and installation costs up to 1600 That's any addition discuss the 30 percent federal tax credit for solar in a nurse deal.

• If a Shareholder hereafter reports an item on such Shareholder’s income tax return in a manner materially inconsistent with the tax treatment reflected in the Schedule K-1 or other tax information provided to the Shareholder by the Company for a taxable period during which the Company had an S Election in effect, such Shareholder shall notify the Company of such treatment before filing such Shareholder’s income tax return.

• The Board of Directors shall have the authority to order a mandatory buy-back of the Corporation's shares where such a buy-back is necessary to preserve the Corporation's S Election.

More Definitions of S Election

S Election has the meaning specified in Section 4.26(l).

S Election. If the corporation is an "S" corporation at the time of the transfer and sale of its stock, the transferee and new stockholder shall be required to consent in writing not to revoke such "S" election without the unanimous approval of all other stockholders. Such written consent shall be submitted prior to the delivery of the shares to the transferee.

S Election means an election pursuant to Section 1362(a) of the Code. Each Stockholder further represents and warrants that he, she or it is not (and whose spouse, if any, is neither) a nonresident alien of the United States or a resident of, nor subject to any jurisdiction, having laws governing community property, or having adopted in whole or in part the Uniform Marital Property Act. Each Stockholder further represents and warrants that he, she or it does not hold any of the Shares as the nominee or agent of any other Person and that he, she or it does not hold any of the Shares as a tenant in common, joint tenant or tenant by the entirety with any other Person.

S Election is specified in such Confirmation, then, unless the Company has notified GS&Co. to the contrary at least two Business Days before the Exercise Date (or such other period as may be specified in the related Confirmation), the Option will settle by physical delivery of the Option Securities pursuant to Section 5(a) above. Such notice may be given orally or in writing. Oral notice shall be confirmed in writing within one Business Day.

S Election shall have the meaning ascribed to such term in Section 9.4(b) hereof. "Section 338(h)(10) Elections" shall have the meaning ascribed to such term in Section 9.4(h)(i) hereof.

S Election is defined in Section 3.11(h)(i).

S Election means to elect to be an “S corporation” under Subchapter S of the Code and within the meaning of Section 1361 of the Code.