Change in method Clause Samples

The "Change in method" clause defines the process and conditions under which a party may alter the way a particular task or obligation is performed under the contract. Typically, this clause outlines the requirements for proposing a change, such as providing written notice and obtaining approval from the other party, and may specify how any resulting adjustments to cost, timeline, or deliverables will be handled. Its core practical function is to provide a structured mechanism for adapting to unforeseen circumstances or improvements, ensuring that both parties have clarity and agreement when modifications to established methods are necessary.
Change in method. In general.
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Change in method. X is a C cor- poration using an accrual method that elects to become an S corporation effective Janu- ary 1, 1996. In 1995, X received $5,000 for serv- ices to be rendered in 1996, and properly in- cluded the $5,000 in gross income. In 1996, X properly elects to include the $5,000 in gross income in 1996 under Rev. Proc. 71–21, 1971–2
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Change in method. X is a C cor- poration using an accrual method that elects
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Change in method. X is a C cor- poration using an accrual method that elects to become an S corporation effective Janu- ary 1, 1996. In 1995, X received $5,000 for serv- ices to be rendered in 1996, and properly in- cluded the $5,000 in gross income. In 1996, X properly elects to include the $5,000 in gross income in 1996 under Rev. Proc. 71–21, 1971–2 (c) Section 267(a)(2) and 404(a)(5) de- ductions—(1) Section 267(a)(2). Notwith- standing paragraph (b)(2) of this sec- tion, any amount properly deducted in the recognition period under section 267(a)(2), relating to payments to re- lated parties, is recognized built-in loss to the extent— (i) All events have occurred that es- tablish the fact of the liability to pay the amount, and the exact amount of the liability can be determined, as of the beginning of the recognition pe- riod; and (ii) The amount is paid— (A) In the first two and one-half months of the recognition period; or (B) To a related party owning, under the attribution rules of section 267, less than 5 percent, by voting power and value, of the corporation’s stock, both as of the beginning of the recognition period and when the amount is paid.
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Change in method. In general. [Reserved]. For further guidance, see § 1.167(e)–1T(a).
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Change in method. Parent may at any time change the method of effecting the combination if and to the extent requested by Parent and consented to by the Company (such consent not to be unreasonably withheld or delayed); provided, however, that no such change shall (i) alter or change the amount or kind of the Merger Consideration provided for in this Agreement, (ii) adversely affect the Tax treatment of the Company’s stockholders as a result of receiving the Merger Consideration or the Tax treatment of either party pursuant to this Agreement, or (iii) impede or delay consummation of the transactions contemplated by this Agreement, and in the case Parent proposes a change of the type referred to in clause (i), (ii) or (iii), the Company may withhold its consent in its sole discretion.
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Change in method. In general. Any change in the method of computing the depreciation allowances with respect to a particular account (other than a change in meth- od permitted or required by reason of the operation of section 167(j)(2) and § 1.167(j)–3(c)) is a change in method of accounting, and such a change will be permitted only with the consent of the Commissioner, except that certain changes to the straight line method of depreciation will be permitted without consent as provided in section 167(e) (1), (2), and (3). Except as provided in paragraphs (c) and (d) of this section, a change in method of computing depre- ciation will be permitted only with re- spect to all the assets contained in a particular account as defined in § 1.167(a)–7. Any change in the percent- age of the current straight line rate under the declining balance method, as for example, from 200 percent of the straight line rate to any other percent of the straight line rate, or any change in the interest factor used in connec- tion with a compound interest or sink- ing fund method, will constitute a change in method of depreciation. Any request for a change in method of de- preciation shall bemade in accordance with section 446 and the regulations thereunder and shall state the char- acter and location of the property, method of depreciation being used and the method proposed, the date of acqui- sition, the cost or other basis and ad- justments thereto, amount recovered through depreciation and other allow- ances, the estimated salvage value, the estimated remaining life of the prop- erty, and such other information as may be required. For rules covering the use of depreciation methods by acquir- ing corporations in the case of certain corporate acquisitions, see section 381(c)(6) and the regulations there- under.
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  • Change in Accounting Method Neither Company nor any of its Subsidiaries has agreed to make, nor is it required to make, any material adjustment under Section 481(a) of the Code or any comparable provision of state, local, or foreign Tax Laws by reason of a change in accounting method or otherwise.

  • Change of Method Without limiting the terms of this Agreement (a) Viking and Camber shall be empowered, upon their mutual agreement, at any time prior to the Effective Time, to change the method or structure of effecting the combination of Viking and Camber (including the provisions of ARTICLE I), if and to the extent they both deem such change to be necessary, appropriate or desirable or (b) if, at any time during the period beginning on the date that is forty (40) days after the date of this Agreement and ending on the later of (x) the time that the S-4 shall have become effective under the Securities Act and (y) the date that is sixty (60) days after the date of this Agreement, either of the Boards of Directors of Camber or Viking determines in good faith that a change in the structure of effecting the combination of Viking and Camber to a Direct Merger would be in the best interests of the Combined Company following the Merger, upon written notice to the other party of such determination, Camber and Viking shall take all action necessary, and cooperate in good faith, to effect such change in structure, including by making effective amendments to this Agreement (including the provisions of ARTICLE I) and to the S-4 to the extent necessary in connection therewith, provided that such notice may only be delivered following good faith consultation with the other party; provided, however, that no such change shall (i) alter or change the Exchange Ratio or the number of shares of Camber Common Stock received by holders of shares of Viking Common Stock in exchange for each share of Viking Common Stock, unless, in connection with any change effected pursuant to the foregoing clause (b), the economic benefits that are intended to accrue to Camber’s stockholders and Viking’s stockholders pursuant to the terms of this Agreement and the transactions contemplated hereby are identical in all but de minimis respects, (ii) adversely affect the Tax treatment of Camber’s stockholders or Viking’s stockholders pursuant to this Agreement, (iii) adversely affect the Tax treatment of Viking, Camber, the Combined Company and/or their respective Subsidiaries pursuant to this Agreement, or (iv) would reasonably be expected to prevent the consummation of the transactions contemplated by this Agreement or delay the consummation of such transactions beyond the Termination Date. The parties agree to reflect any such change in an appropriate amendment to this Agreement executed by both parties in accordance with Section 9.1.

  • Change in Board Composition During any period of two consecutive years, individuals who constitute the Company’s Board of Directors at the beginning of the two-year period cease for any reason to constitute at least a majority of the Company’s Board of Directors; provided, however, that for purposes of this clause (iii), each director who is first elected by the board (or first nominated by the board for election by the stockholders) by a vote of at least two-thirds (2/3) of the directors who were directors at the beginning of the two-year period shall be deemed to have also been a director at the beginning of such period; or

  • Change in Name The Purchaser shall intimate the Seller of any change in its name (on account reasons other than a change in its Control), immediately upon occurrence of name change. The Parties shall thereafter take necessary steps to record such change in the name of the Purchaser in the books and records of the Seller and shall also execute an amendment agreement to the Agreement to record such name change.