A Contractor who terminates
on account of the Employer's breach is typically entitled to immediate payment of sums due to it under the contract, together with out of pocket expenses (including its demobilisation costs) and interest.
A bankruptcy judge is expected to decide Friday if Northwest Airlines may terminate
contracts with its flight attendants and pilots.
The IRS found that either event would terminate
the S election, but deemed both to be inadvertent.
DALLAS -- ElkCorp (NYSE:ELK), a leading manufacturer of roofing and building products, today announced that it has received notification from The Carlyle Group (Carlyle) that Carlyle has determined not to submit a revised proposal in response to the notice sent by ElkCorp to Carlyle on January 29, 2007, of ElkCorp's intention to terminate
the merger agreement between ElkCorp and Carlyle.
Effect: The election out will be effective for all of T's transfers (current-year and future) to B and to any and all other trusts (whether they exist in 2006 or are created in a later year), unless and until T terminates
the election out.
In light of MDM's non-delivery of the Performance Security, the Company has given 14 days notice to MDM that the Company has the right under the LSTK, but not the obligation, at the expiry of the notice period, to terminate
2004-85, (20) the IRS addressed when a QSub election terminates
if the S corporation transfers the QSub to another entity.
The 6-mile railroad originates at Alcoa's plant and terminates
in Marjorie, Texas.
Generally, once a corporation's QSub status terminates
, unless the IRS grants consent, it is barred from making another S election or being the subject of a QSub election before the fifth year beginning after the tax year the termination became effective.
Several situations arose this year that addressed when an S election terminates
King's plan terminates
on the earlier of September 30, 2005 or when all of the shares subject to the plan are sold.
Ruling: Although this ruling does not directly address whether such an anti-dilution clause terminates
a corporation's S election, the Service concluded that if the shareholders' anti-dilution clause created an SCOS, such termination would be inadvertent under Sec.