Section 83(b) Election Clause Example with 8 Variations from Business Contracts

This page contains Section 83(b) Election clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Section 83(b) Election. The Grantee may make an election under Code Section 83(b) (a "Section 83(b) Election") with respect to the Restricted Shares. Any such election must be made within thirty (30) days after the issuance of the shares. If the Grantee elects to make a Section 83(b) Election, the Grantee shall provide the Company with a copy of an executed version and satisfactory evidence of the filing of the executed Section 83(b) Election with the US Internal Revenue Service. The Grantee agrees to assume full respo...nsibility for ensuring that the Section 83(b) Election is actually and timely filed with the US Internal Revenue Service and for all tax consequences resulting from the Section 83(b) Election. View More
Found in UNITED COMMUNITY FINANCIAL CORP contract

Variations of a "Section 83(b) Election" Clause from Business Contracts

Section 83(b) Election. The Grantee Participant may make an election under Code Section 83(b) (a "Section 83(b) Election") with respect to the Restricted Shares. Any The Participant must make such election must be made Section 83(b) Election within thirty (30) 30 days after the issuance of the shares. Grant Date. If the Grantee Participant elects to make a Section 83(b) Election, the Grantee Participant shall provide the Company Corporation with a copy of an executed version of the Section 83(b) Election and satisfacto...ry evidence (in the Committee's sole determination) of the filing of the executed Section 83(b) Election with the US United States Internal Revenue Service. The Grantee Participant agrees to assume full responsibility for ensuring that the Section 83(b) Election is actually and timely filed with the US United States Internal Revenue Service and for all tax consequences resulting from the Section 83(b) Election. thereof. View More
Found in Federal Life Group, Inc. contract
Section 83(b) Election. The Grantee You may make an election under Code Section 83(b) (a "Section 83(b) Election") of the Internal Revenue Code of 1986, as amended (the "Code") with respect to the Restricted Award Shares. Any such election must be made within thirty (30) days after the issuance Date of the shares. Grant. If the Grantee elects you elect to make a Section 83(b) Election, the Grantee election, you shall provide the Company with a copy of an executed version and satisfactory evidence of the filing of the e...xecuted Section 83(b) Election election with the US Internal Revenue Service. The Grantee agrees You agree to assume full responsibility for ensuring that the Section 83(b) Election is actually and timely filed with the US Internal Revenue Service and for all tax consequences resulting from the Section 83(b) Election. View More
Found in Village Bank & Trust Financial Corp. contract
Section 83(b) Election. The Grantee Participant may make an election under Code Section 83(b) (a "Section 83(b) Election") with respect to the Restricted Shares. Stock. Any such election must be made within thirty (30) days after the issuance of the shares. Grant Date. If the Grantee Participant elects to make a Section 83(b) Election, then the Grantee Participant shall provide the Company with a copy of an executed version and satisfactory evidence of the filing of the executed Section 83(b) Election with the US Unite...d States Internal Revenue Service. Service (the "IRS"). The Grantee Participant agrees to assume full responsibility for ensuring that the Section 83(b) Election is actually and timely filed with the US Internal Revenue Service IRS and for all tax consequences resulting from the Section 83(b) Election. View More
Found in FIRST US BANCSHARES INC contract
Section 83(b) Election. The Grantee Participant may make an election under Code Section 83(b) (a "Section 83(b) Election") with respect to the Restricted Shares. Any such election must be made within thirty (30) days after the issuance of the shares. Grant Date. If the Grantee Participant elects to make a Section 83(b) Election, the Grantee Participant shall provide the Company with a copy of an executed version and satisfactory evidence of the filing of the executed Section 83(b) Election with the US Internal Revenue ...Service. Service within ten (10) days of such filing. The Grantee Participant agrees to assume full responsibility for ensuring that the Section 83(b) Election is actually and timely filed with the US Internal Revenue Service and for all tax consequences resulting from the Section 83(b) Election. View More
Found in 6 Contracts from Park Hotels & Resorts Inc.
Section 83(b) Election. The Grantee Participant may make an election under Code Section 83(b) (a "Section 83(b) Election") with respect to the Restricted Shares. Stock. Any such election must be made within thirty (30) days after the issuance of the shares. Grant Date. If the Grantee Participant elects to make a Section 83(b) Election, the Grantee Participant shall provide the Company with a copy of an executed version and satisfactory evidence of the filing of the executed Section 83(b) Election with the US U.S. Inter...nal Revenue Service. The Grantee Participant agrees to assume full responsibility for ensuring that the Section 83(b) Election is actually and timely filed with the US U.S. Internal Revenue Service and for all tax consequences resulting from the Section 83(b) Election. View More
Found in 2 Contracts from HORIZON BANCORP INC
Section 83(b) Election. The Grantee Director may make an election under Code Section 83(b) (a "Section 83(b) Election") with respect to the Restricted Shares. Stock. Any such election must be made within thirty (30) days after the issuance of the shares. Grant Date. If the Grantee Director elects to make a Section 83(b) Election, the Grantee Director shall provide the Company with a copy of an executed version and satisfactory evidence of the filing of the executed Section 83(b) Election with the US Internal Revenue Se...rvice. The Grantee Director agrees to assume full responsibility for ensuring that the Section 83(b) Election is actually and timely filed with the US Internal Revenue Service and for all tax consequences resulting from the Section 83(b) Election. View More
Found in Lightwave Logic, Inc. contract
Section 83(b) Election. The Grantee may make an election under Code Section 83(b) (a "Section 83(b) Election") with respect to the Restricted Shares. Stock. Any such election must be made within thirty (30) days after the issuance of the shares. Grant Date. If the Grantee elects to make a Section 83(b) Election, the Grantee shall provide the Company with a copy of an executed version and satisfactory evidence of the filing of the executed Section 83(b) Election with the US Internal Revenue Service. The Grantee agrees t...o assume full responsibility for ensuring that the Section 83(b) Election is actually and timely filed with the US Internal Revenue Service and for all tax consequences resulting from the Section 83(b) Election. Unless otherwise required by a definitive future IRS position to the contrary, to the extent the Grantee timely files a Section 83(b) Election with respect to the Restricted Stock, the Company shall not report additional income upon vesting of the Restricted Stock. View More
Found in MISONIX INC contract
Section 83(b) Election. The Grantee may make an election under Code pursuant to Section 83(b) (a "Section 83(b) Election") of the Code with respect to the Restricted Shares. Stock. Any such election must be made within thirty (30) 30 days after the issuance of the shares. Grant Date. If the Grantee elects to make a Section 83(b) Election, the Grantee shall provide the Company with a copy of an executed version and satisfactory evidence of the filing of the executed Section 83(b) Election with the US Internal Revenue Se...rvice. The Grantee agrees to assume full sole responsibility for ensuring that the Section 83(b) Election is actually and timely filed with the US Internal Revenue Service and for all tax consequences resulting from the Section 83(b) Election. View More
Found in 2 Contracts from Global Water Resources, Inc.