Tax Matters Section 83(b) Election Clause Example from Business Contracts

This example Tax Matters Section 83(b) Election clause appears in 2 contracts from 1 company

Tax Matters Section 83(b) Election. The Grantee hereby agrees to make an election to include in gross income in the year of transfer the unvested Award LTIP Units hereunder pursuant to Section 83(b) of the Internal Revenue Code substantially in the form attached hereto as Exhibit B and to supply the necessary information in accordance with the regulations promulgated thereunder.