S Termination Year definition

S Termination Year shall have the meaning set forth in Section 1362(e)(4) of the Code.
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S Termination Year means the fiscal year of the Company that includes the Termination Date.
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S Termination Year means the Company's fiscal year beginning January 1, 1999.
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Examples of S Termination Year in a sentence

  • Pursuant to Section 1362(e)(1)(B) of the Code, that portion of the S Termination Year beginning on the Termination Date and ending on the last day of the taxable year shall be the C Short Year of the Company.

  • Pursuant to Section 1361(e)(1) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an “S Short Year” and a “C Short Year.” As defined in Section 1362(e)(1)(A) of the Code, the S Short Year shall be that portion of the Company’s S Termination Year ending on the day immediately preceding the Termination Date.

  • Pursuant to Section 1362(e)(1) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an S Short Year and a C Short Year.

  • The fiscal year in which the S corporation status of the Company is terminated will be an S Termination Year with respect to the Company for federal income tax purposes, as defined in Section 1362(e)(4) of the Code.

  • Pursuant to Section 1362(e)(1) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an “S Short Year” and a “C Short Year.” As defined in Section 1362(e)(1)(A) of the Code, the S Short Year shall be that portion of the Company’s S Termination Year ending on the day immediately preceding the Termination Date.

  • Pursuant to Section 1361(e)(1) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an "S Short Year" and a "C Short Year." As defined in Section 1362(e)(1)(A) of the Code, the S Short Year shall be that portion of the Company's S Termination Year ending on the day immediately preceding the Termination Date.

  • The Company's fiscal year in which the S corporation status of the Company is terminated will be an S Termination Year for federal tax purposes.

  • As defined in Section 1362(e)(1)(A) of the Code, the S Short Year of the Company shall be that portion of its S Termination Year beginning on the initial day of its fiscal year and ending on the day immediately preceding the S Termination Date.

  • The parties acknowledge that the taxable year in which the S corporation status of the Company is terminated will be an S Termination Year for tax purposes, as defined in Section 1362(e)(4) of the Code.

  • The S Short Year of the Company shall be that portion of the Company's S Termination Year beginning on the first day of such fiscal year and ending on the day immediately preceding the Termination Date.


More Definitions of S Termination Year

S Termination Year shall have the meaning set forth in Section 3.01.
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S Termination Year has the meaning given in Section 4.10.
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S Termination Year has the meaning set forth in Section 4.13 of this Agreement.
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S Termination Year means the Company's fiscal year beginning January 1, 1998.
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S Termination Year as defined in Section 1362 of the Internal Revenue Code. With respect to such S Termination Year, if not otherwise required, at the request of the Shareholders, the Company will make an election under Section 1362(e)(3) of the Internal Revenue Code not to use a pro rata allocation of income or loss to the S short year and the C short year (as such terms are defined in Section 1362 of the Internal Revenue Code). No election will be made that would increase the tax liability of any shareholder of the Company for any year. The Company shall not amend, and Parent shall not cause the Company to amend, any Return of the Company for periods prior to the Closing Date or agree to any adjustment if such amendment or adjustment proposed by any taxing authority would increase the tax liability of any shareholder of the Company for any year, without such shareholder's written consent. The Company shall and Parent shall cause Company to cooperate with the Shareholders in the preparation of the Returns.
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S Termination Year has the meaning referenced in Section 6.7.
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Related to S Termination Year

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • 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.

  • 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.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Accrual Termination Date Not applicable.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Severance from Service Date means the earlier of:

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

  • Scheduled Termination Date means July 9, 2021 or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.02.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.

  • Plan Termination Date means the date that is ten (10) years after the Effective Date, unless the Plan is earlier terminated by the Board pursuant to Section 15 hereof.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Lease Termination Date means the last day of the Lease Term.

  • Termination Benefit means the benefit set forth in Article 7.

  • Agreement Termination Date is defined in Section 7.4.

  • Normal Termination means termination of employment or service with the Company and Affiliates: (i) by the Optionee; (ii) upon retirement; (iii) on account of death or Disability; or (iv) by the Company, a Subsidiary or Affiliate without Cause.