Sentences with phrase «death at fair market value»

A typical example of a «narrow» arbitration agreement might be found in a buy - sell agreement that calls for the buyout of a manager's stock in a closely held company upon death at fair market value as of the date of death as determined by mutual agreement with an arbitrator chosen by some specified method determining the fair market vale as of the relevant date if the parties fail to reach a mutual agreement within X days.

Not exact matches

Except in the event of the optionee's death, if the shares are disposed of prior to the expiration of the statutory holding periods (a «Disqualifying Disposition»), generally, the amount by which the fair market value of the shares at the time of exercise exceeds the total exercise price will be ordinary income.

They would have been deemed to have sold the property at fair market value on their death — a so - called deemed disposition.

This, in essence, brings the basis up to the fair market value at death, thereby eliminating a capital gain if the property is sold immediately after death.

In years when the estate tax applies, the basis of assets held by the decedent is adjusted to the fair market value of the assets on the date of death, so that heirs can sell assets at that value without reporting a capital gain.

If assets are not held jointly with your spouse, the general rule is that the Canada Revenue Agency will deem it to be sold at fair market value upon your death.

The fair market value at the time of your death, less your adjusted cost base, will be the capital gain.

For appreciated assets (those with date - of - death fair market value in excess of the decedent's basis), a limited basis step - up rule can be used at the discretion of the estate's executor.

If Participant's employment with Micro or any Affiliate is terminated for any reason other than death, disability... or retirement... prior to the time when all Shares have become Unrestricted Shares..., Restricted Shares... shall be repurchased by Micro at the lower of (x) the Purchase Price and (y) the Fair Market Value of such Shares on the Repurchase Date.