S Termination Date definition

S Termination Date means the date on which the S corporation status of the Company is terminated pursuant to Section 1362(d)(2) of the Code.
View Source
S Termination Date has the meaning given in Section 4.10.
View Source
S Termination Date. As used herein, "Cause" shall mean (a) a breach by the Holder of a covenant contained in the Holder's offer letter or confidentiality agreement; (b) willful misconduct or the habitual neglect of duties or gross misconduct materially injurious to the Parent or the Company; (c) a charge of any felony, a misdemeanor or a crime materially affecting the Company or Parent; (d) insubordination or continued failure to perform in a professional manner; or (e) the continued and habitual use of narcotics or alcohol to an extent which materially impairs the performance of duties.
View Source

Examples of S Termination Date in a sentence

  • The Shareholders shall pay any and all Taxes that are imposed on the Shareholders or the Company as a result of the Company's S election being treated as invalid or ineffective for any reason or such election being revoked or terminated prior to the S Termination Date.

  • The S Termination Date shall be on the date of the Effective Time of the Merger.

  • As defined in Section 1362(e)(1)(A) of the Code, the S Short Year of the Company shall be that portion of its S Termination Year beginning on the initial day of its fiscal year and ending on the day immediately preceding the S Termination Date.

  • Acquiree Shareholders will be responsible for filing the short period S return ending on the S Termination Date, which return shall be reported on the closing of the books method as set forth in Code Section 1362(e)(3) and the Acquiree shall comply with any necessary requirements for making such election.

  • The S Short Year of the Company shall be that portion of its S Termination Year beginning on the initial day of its fiscal year and ending on the day immediately preceding the S Termination Date.

  • The Acquiree is not and will not be liable for any taxes imposed under Code Sections 1374 or 1375 and has been an S Corporation from June 1, 1989 to the S Termination Date.

  • The Shareholders shall pay any and all Taxes that are imposed on the Shareholders or the Company as a result of the Company's S Election being treated as invalid or ineffective for any reason or such election being revoked or terminated prior to the S Termination Date.

  • As defined in Section 1362(e)(1)(A) of the Code, the S Short Year of such Company shall be that portion of its S Termination Year beginning on the initial day of its fiscal year and ending on the day immediately preceding the S Termination Date.

  • Upon the earlier of (i) the date MVBI terminates it subchapter S corporation status or (ii) the Closing Date (the "Sub S Termination Date"), the books and records of MVBI shall be closed and a short-year return (the "Short-Year Return") shall be prepared for MVBI.

  • Prior to the sale of the Securities, the Subsidiaries' S corporation status will be terminated (the "S Termination Date").

Related to S Termination Date

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).