SECTION 355 definition

SECTION 355 means Section 355 of the Internal Revenue Code of 1986, as amended.
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Examples of SECTION 355 in a sentence

  • IN THE EVENT THAT THE HOLDCO BOARD DETERMINES, FOLLOWING THE COMPLETION OF THE MERGERS, TO PROCEED WITH ANY CONTEMPLATED BUSINESS SEPARATION TRANSACTION, WE CURRENTLY ANTICIPATE THAT SUCH CONTEMPLATED BUSINESS SEPARATION TRANSACTION, IF UNDERTAKEN, WOULD BE EFFECTUATED THROUGH A PRO-RATA SPIN-OFF TRANSACTION INTENDED TO QUALIFY AS TAX-FREE UNDER SECTION 355 OF THE CODE, IN WHICH HOLDCO STOCKHOLDERS, AT SUCH TIME, WOULD RECEIVE SHARES OF CAPITAL STOCK IN THE RESULTING SPIN-OFF COMPANY.

  • SECTION 35.5: Employees called into work outside of regularly scheduled hours shall be guaranteed a minimum of three (3) hours pay or compensatory time at the rate of time and one-half (employee option).

  • SECTION 35.5 Upon establishment of an eligibility list, if test results indicate tied scores, then seniority shall prevail according to the seniority list provided for in Section 10.3 of this Agreement and the senior employee shall be granted a six (6) month probationary period to determine: 1) the employee's desire to remain on the job; 2) the employee's ability to perform the job.

  • I SECTION 35.2 SECTION 35.3 SECTION 35.4 SECTION 35.5 SECTION 35.6 SECTION 35.7 SECTION 35.8 SECTION 35.9 SECTION 35.10 DEFINITIONS.

  • All fees payable under this SECTION 3.5.5 shall be fully earned and nonrefundable on the date such fees are due.

Related to SECTION 355

  • IRC means the Internal Revenue Code of 1986, as amended.

  • the Code means the Pension Regulator’s Code of Practice No 14 governance and administration of public service pension schemes.

  • Section 338 Forms means all returns, documents, statements, and other forms that are required to be submitted to any federal, state, local or foreign Taxing authority in connection with a Section 338(h)(10) Election, including, without limitation, any "statement of Section 338 Election" and IRS Form 8023 (together with any schedules or attachments thereto) that are required pursuant to Treasury regulations.

  • Section 382 means Section 382 of the Code, or any comparable successor provision.

  • Section 409A of the Code means the nonqualified deferred compensation rules under Section 409A of the Code and any applicable treasury regulations and other official guidance thereunder.