Section 1042 Sale definition

Section 1042 Sale means a sale of Employer Stock to the ESOP in a transaction to which Section 1042 of the Code (pertains to the nonrecognition of gain) applies.
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Section 1042 Sale. "Section 1042 Sale" means a sale of "Employer Stock" to the Plan in a transaction to which Code
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Section 1042 Sale means a sale of Employer Stock to the Plan in a transaction to which Code § 1042 (providing for the nonrecognition of gain realized on sales of stock to an ESOP) applies.
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More Definitions of Section 1042 Sale

Section 1042 Sale. "Section 1042 Sale" means a sale of "Employer Stock" to the Plan in a transaction to which Code §1042 (pertains to the nonrecognition of gain) applies.
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Related to Section 1042 Sale

  • Section 1110 means Section 1110 of the Bankruptcy Code.

  • Section 102 means Section 102 of the Ordinance and any regulations, rules, orders or procedures promulgated thereunder as now in effect or as hereafter amended.

  • Article 55 BRRD means Article 55 of Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms.

  • Developed exclusively at private expense means development was accomplished entirely with costs charged to indirect cost pools, costs not allocated to a government contract, or any combination thereof.

  • Permitted Sale means those sales, transfers or assignments permitted by the Credit Agreement.