Example ContractsClausesBase Period Income
Base Period Income
Base Period Income contract clause examples

Base Period Income.” “Base Period Income” is an amount equal to Executive’ s “annualized includable compensation” for the “base period’’ as defined in [Sections 280G(d)]( l) and # of the Code and the regulations adopted thereunder. Generally, Executive ‘s “annualized includable compensation” is the average of Executive’s annual taxable income from Company for the “base period,” which is the five (5) calendar years prior to the year in which the change in control occurs.

Base Period Income.” “Base Period Income” is an amount equal to Executive’ s “annualized includable compensation” for the “base period’’ as defined in [Sections 280G(d)]( l) and # of the Code and the regulations adopted thereunder. Generally, Executive ‘s “annualized includable compensation” is the average of Executive’s annual taxable income from Company for the “base period,” which is the five (5) calendar years prior to the year in which the change in control occurs.

Income Taxes. Each Party is responsible for its own Taxes (including franchise and privilege Taxes) imposed on the performance or provision of Services that are based upon or measured by overall net or gross income or receipts over a period of time and any other Taxes incurred by such Party in connection with its business, except as otherwise provided in this Section 9.3.

Base Rent Abatement Period. Seven # months (“Base Rent Abatement Period”). See Section 4.3.

Income. Income, losses, and appreciation or depreciation in the value of Sub‑Trust assets resulting from investment of the assets;

Base Monthly Rent Abatement Period. So long as there is no monetary or material non-monetary default by Tenant under the Lease, as hereby amended, beyond applicable periods of notice and grace, Base Monthly Rent in the aggregate amount of $173,287.66 shall be abated commencing with the installment of Base Monthly Rent for November, 2022 until exhausted (the “Base Monthly Rent Abatement Period”). Upon the occurrence of any default by Tenant under the Lease, as hereby amended, the foregoing abated Base Monthly Rent will immediately become null and void and of no further force or effect and Tenant will no longer receive such abated Base Monthly Rent, and if Landlord terminates the Lease, as hereby amended, or Tenant’s right of occupancy under the Lease, as hereby amended, as a result of any default by Tenant, then such abated Base Monthly Rent will immediately become due and payable. For avoidance of doubt, only Base Monthly Rent shall be abated pursuant to this paragraph, and all Additional Rent and other Rent specified in the Lease, as hereby amended, shall remain as due and payable pursuant to the provisions of the Lease, as hereby amended.

Base Period Income.” “Base Period Income” is an amount equal to Executive’ s “annualized includable compensation” for the “base period’’ as defined in [Sections 280G(d)]( l) and # of the Code and the regulations adopted thereunder. Generally, Executive ‘s “annualized includable compensation” is the average of Executive’s annual taxable income from Company for the “base period,” which is the five (5) calendar years prior to the year in which the change in control occurs.

Income Account. The account will be credited with the amount deferred, and interest shall begin to accrue, as of the date the Non-Employee Director’s cash compensation is payable. Interest is credited at a rate equal to the simple combined average of the monthly Aa Industrial Bond yield averages for the immediately preceding calendar quarter as reported in Moody’s Bond Record. Interest is compounded quarterly. Amounts credited to the Income Account shall be distributed either in a single payment or in substantially equal quarterly, semi-annual or annual installments (over a period not to exceed 15 years), as specified by the Non-Employee Director on the deferral election form. If a Non-Employee Director fails to specify the manner in which the Income Account shall be distributed, then it shall be distributed in a single payment.

Provision for income taxes for Subject Period:$

Base Period Income.” “Base Period Income” is an amount equal to Executive’ s “annualized includable compensation” for the “base period’’ as defined in [Sections 280G(d)]( l) and # of the Code and the regulations adopted thereunder. Generally, Executive ‘s “annualized includable compensation” is the average of Executive’s annual taxable income from Company for the “base period,” which is the five (5) calendar years prior to the year in which the change in control occurs.

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