TEFRA Election definition

TEFRA Election means the election under Code Section 6231(a)(1)(B)(ii) and Treasury Regulations Section 301.6231(a)(1)-1(b) to have the provisions of subchapter C of chapter 63 of the Code and the corresponding Treasury Regulations apply with respect to the Company.
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TEFRA Election has the meaning set forth in Section 8.3(c).
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TEFRA Election means a written election made before January 1, 1984, pursuant to the transitional rules of Section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act of 1982. An amendment or revocation of a TEFRA Election shall void the election, and the Participant's benefits shall be distributed pursuant to this article. Designation of a different or additional beneficiary shall not void a TEFRA Election if the designation does not directly or indirectly alter the time when benefits begin or the period over which benefits are to be paid.
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Examples of TEFRA Election in a sentence

  • The Company shall make the TEFRA Election for all taxable years of the Company.

  • The Members will execute any forms necessary to effectuate the TEFRA Election.

  • Distribution may be made at the time (and by the ----- -------- method) specified in a TEFRA Election even if later than the Required Beginning Date.

  • Designation of a different or additional beneficiary shall not void a TEFRA Election if the designation does not directly or indirectly alter the time when benefits begin or the period over which benefits are to be paid.

  • An amendment or revocation of a TEFRA Election shall void the election, and the Participant's benefits shall be distributed pursuant to this article.

  • If the TEFRA Election is made, then for any applicable Taxable Year, the Tax Matters Member is hereby designated as the “tax matters partner” for the Company within the meaning of Code Section 6231(a)(7).