Section 83(b) Election Clause Example from Business Contracts

This example Section 83(b) Election clause appears in 4 contracts from 1 company

Section 83(b) Election. If, within 30 days of the Date of Grant, the Participant makes an election under Section 83(b) of the Internal Revenue Code of 1986, as amended (the "Code"), or any successor section thereto, to be taxed with respect to all or any portion of the Restricted Shares as of the date of transfer of the Restricted Shares rather than as of the date or dates upon which the Participant would otherwise be taxable under Section 83(a) of the Code, the Participant shall deliver a copy of such election to the ...Company immediately after filing such election with the Internal Revenue Service. View More