S Termination Year shall have the meaning set forth in Section 1362(e)(4) of the Code.

S Termination Year means the fiscal year of the Company that includes the Termination Date.

S Termination Year shall have the meaning set forth in Section 3.01.

Examples of S Termination Year in a sentence

Because more than 50% of the Stock is being transferred to Purchaser in the S Termination Year, the Company will utilize the “closing of the books” method to calculate and report its Taxes for the S Short Year and the C Short Year as required by Code §1362(e)(6)(D).
The S Termination Year will be divided into two short tax years — the “S Short Year” (as defined in Code §1362(e)(1)(A)) that ends on the day immediately before the Closing Date, and the C Short Year (as defined in Code §1362(e)(1)(B)) that begins on the Closing Date.
Shareholder shall prepare, or cause to be prepared, income tax returns for Dock (including returns for the S Termination Year (as defined by Section 1362(e) of the Code)) for all periods ending on or prior to the Closing Date, and Shareholder will file all such returns by their respective due dates.
We all share the common goal of a nuclear-weapon free world, but the United States remains ...C.
Compare a revocation where it is possible for the revocation to be retroactive to the beginning of the year and there is no S Termination Year for the last year.

More Definitions of S Termination Year

S Termination Year means the taxable year in ------------------ which the S corporation status of the Company is terminated.

S Termination Year means the Company's fiscal year beginning January 1, 1999.

S Termination Year has the meaning given in Section 4.10.

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.

S Termination Year means the Company's fiscal year beginning January 1, 1998.

S Termination Year has the meaning set forth in Section 4.13 of this Agreement.

S Termination Year has the meaning referenced in Section 6.7.