Key Takeaways Supplemental wages are extra money paid outside of your regular salary, such as commissions, bonuses, severance payments, prizes, awards, and certain reimbursements. Unless an "Accountable Plan" for employee reimbursements is in place, expense reimbursements are likely supplemental ...
(e.g., constant currency for FY 3/2023 2Q is FY 3/2022 2Q foreign exchange rate) *2 The analysis method of marginal profit is changed to be based on total fluctuation of each variable cost in business segments (Domestic/Overseas) from current fiscal year. *3 The analysis of marginal ...
“Additional Securities”) having the same ranking and the same interest rate, maturity and other terms as the Securities; provided that, if such Additional Securities are not fungible with the Securities (or any other tranche of Additional Securities for U.S. federal income tax purposes, then ...
Additional Propertymeans, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement,...
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loan would generally receive priority with respect to payment of principal, interest and any other amounts due thereunder over the “last out” portion that the Company would continue to hold. In exchange for the greater risk of loss, the “last out” portion earns a higher interest rate....
If a cash value insurance policy is used to fund the SERP, the company will have the advantage of accruing the tax deferral on the policy. As for employees, the plan is easy to adjust to meet their specific needs. They can access the benefit without having to conform to any tax ...
Business Organization– Consult a tax accountant or lawyer prior to choosing which kind of legal structure is right for your company. Fictitious Company Names– If you utilize a “dba,” you might have to sign up the fictitious name pursuant to the Trade Name Registration Act. Securing Your Id...
As of June 30, 2023, the Company had $21.5 million in cash and cash equivalents and restricted cash and $314.5 million of undrawn capacity on its credit facilities, subject to borrowing base and other limitations. The weighted average interest rate on the Company’s debt outstanding as of Jun...
(or other entity treated as a corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States, any state thereof or the District of Columbia; (c) an estate, the income of which is subject to U.S. federal income tax regardless of ...