Separate Return Year definition

Separate Return Year means, with respect to any Federal Income Tax, State Income Tax or Foreign Income Tax, as applicable, a Tax Year or portion thereof which is not a Consolidated Year or Combined Year.

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Separate Return Year means any taxable year for which a Member is not included in the Parent Affiliated Group consolidated Federal income tax return.

Separate Return Year means a separate return year or SRY, which is a taxable year for which the member files a separate return or joins in the filing of a consolidated return with another group.

Examples of Separate Return Year in a sentence

• If TDS shall deem it appropriate to make a claim for refund of income tax (by filing an amended return or otherwise), arising from a Tax Attribute of Aerial or its Subsidiaries for any Consolidated Return Year (including carrybacks of losses or credits from a later Consolidated Return Year or a Separate Return Year), TDS shall so notify Aerial.

• In all events, the Shareholders shall have no responsibility for payment and remittal of the Taxes due with the Final Separate Return Year Tax Returns and the Straddle Year Tax Returns, which, to the contrary, solely shall be the responsibility of Parent and the Company, which Parent hereby covenants to discharge or cause to be discharged on a timely basis.

• All out-of-pocket expenses incurred in filing (i) Final Separate Return Year Tax Returns, (ii) Post-Closing 1999 Returns and (iii) any tax return, claim for a refund or other tax filing for tax benefits or tax refunds to be paid to the Shareholders, and one- half of the out-of-pocket expenses incurred in filing Straddle Year Tax Returns, shall be borne by the Shareholders.

More Definitions of Separate Return Year

Separate Return Year means, with respect to the Texas franchise tax, a year which is not a Combined Return Year.

Separate Return Year means any taxable year for which Aerial and its Subsidiaries file separate federal income tax returns or join in filing a consolidated federal income tax return with an Affiliated Group of which Aerial is the common parent.

Separate Return Year means, with respect to the Franchise Tax, a year which is not a Combined Return Year.

Separate Return Year means any taxable year for which a former or future Member is not included in the EMC Consolidated Group's consolidated Federal income tax return.