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 §1042 (pertains to the nonrecognition of gain) applies.
Sample 1
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.
Sample 1

Examples of Section 1042 Sale in a sentence

  • 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.

  • 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.


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
Sample 1
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.
Sample 1

Related to Section 1042 Sale

  • Section 1110 means Section 1110 of the Bankruptcy Code.

  • 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.

  • Section 504 means section 504 of the Act.

  • Seller Transaction Expenses means all unpaid fees, costs, charges, expenses, obligations, payments and awards that are incurred by the Sellers or their Affiliates in connection with, relating to or arising out of the preparation, negotiation, execution, delivery and performance of this Agreement and the Transaction Documents and the consummation of the transactions contemplated hereby and thereby, including all Taxes.

  • Subsection means subsection of the section in which the term is used;

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Asset Sale means, with respect to any Person, the sale, lease, conveyance, disposition or other transfer by such Person of any of its assets (including by way of a sale-leaseback transaction, and including the sale or other transfer of any of the Equity Interests of any Subsidiary of such Person, but not the Equity Interests of such Person) to any Person.