As a general rule, the more investment that a distributor is contractually or practically required to make in order to develop a market for the supplier's products in Japan, the more difficult or expensive it will be to terminate
the distribution agreement.
Thus, the regulations do not require a current-year transfer to the trust for which the termination statement is being filed, nor do they require a gift tax return to otherwise be filed in the year a taxpayer elects to terminate
a previous election out.
It is important to note that a cooperative cannot terminate
the tenancy of a tenant-shareholder if the proprietary lease does not specifically grant that power to the cooperative.
For example, while a plan may have met the IRC's annual minimum funding requirements, a defined benefit plan may not have sufficient assets to cover accrued liabilities, and should the plan terminate
, it may be underfunded with respect to its termination liability.
A bankruptcy judge is expected to decide Friday if Northwest Airlines may terminate
contracts with its flight attendants and pilots.
The IRS ruled that, because the LLCs and the LP were disregarded as entities separate from their owners, the fact that the LLCs or LP owned the S corporation would not terminate
the S election.
Even then, the chief cannot terminate
an officer outright but can only impose a lesser penalty or concur with the recommendation that the officer be sent to a board of rights.
In such circumstances, the principal can terminate
the broker's authority without incurring liability for a commission, provided the termination is done in good faith and was not intended to deprive a broker of a commission, such as where negotiations started by the broker are on the verge of success when the termination notice is issued.
These include costs of a plan to (1) exit an acquired activity ("exit plan"), (2) involuntarily terminate
acquired employees ("termination plan") or (3) relocate acquired employees ("relocation plan").
In 1990, this recognition was extended to permit swap participants to terminate
and net swap agreements.
In a letter to Sprewell informing him of the suspension, the team said it reserved the right to terminate
his contract under Section 16 of the Uniform Player Contract, which says players must ``conform to standards of good citizenship and good moral character'' and prohibits ``engaging in acts of moral turpitude.
For example, a tenant should be aware that (i) in cases of "repair," the tenant may have to endure substantial business disruption, and is specifically denied any rent abatement; and (ii) in cases of casualty, the tenant may find that the landlord has elected to terminate
a lease of great value to the tenant.
Before the financial statement date, management having the appropriate level of authority to involuntarily terminate
employees approves and commits the enterprise to the termination plan and establishes which benefits current employees will receive on termination.