Excise Tax Reopener Sample Clauses

Excise Tax Reopener. Effective January 1, 2019, and for the duration of this agreement, should the employer be subject to a health insurance related excise tax, the employer may reopen Article 12 (Health and Welfare) for further negotiations under the expedited bargaining rules. Other articles may be reopened only by mutual agreement of the parties.
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Excise Tax Reopener. For the duration of this agreement, should the Employer be subject to a health insurance related excise tax, the Employer may reopen Article 12 (Health and Welfare) for further negotiations under the expedited bargaining rules. Other articles may be reopened only by mutual agreement of the parties.
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Excise Tax Reopener. 28 During the month of May of 2019, the County may exercise a benefits 29 reopener of Article 12, Health and Welfare, effective as of January 1, 2020. If the County 30 reopens Article 12, the Association may elect to reopen Article 16, Wages and Classifications, 31 within fourteen (14) days of the County’s notice. This reopener will be for the exclusive purpose 32 of addressing the impacts and effects of the PPACA Excise Tax, or revisions thereto, and may 33 include, but is not limited to, plan and plan design changes. This reopener will be subject to the 34 same rules and bargaining process that pertains to full contract successor negotiations.
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Related to Excise Tax Reopener

  • Excise Tax The State of California is exempt from Federal Excise Taxes, and no payment will be made for any taxes levied on employees' wages.

  • Income Tax Gross Up To the extent that any payments made by the Company to the Executive pursuant Sections 3(b)(ii)-(iv) or 3(f) of the Agreement are included in the Executive’s taxable compensation and are not otherwise deductible by the Executive under the Code, the Company shall pay the Executive a lump sum amount which shall, after payment of all applicable income taxes thereon, be sufficient to reimburse the Executive for any applicable income taxes imposed on such taxable compensation.

  • Total Payments Total Payment to the Developer will not exceed $68,669 as referenced in Exhibit B. Contract payments above $68,669 are contingent upon the sale of completed projects and extended grant authority as a result of program income generated by the project.

  • Forest Excise Tax Purchaser shall be responsible for payment of all forest excise taxes pursuant to chapter 84.33 RCW. G-253.2 Harvesting Cost Information The State agrees to supply all harvesting cost information to the Purchaser for their consideration in payment of forest excise taxes.

  • Franchise Tax Status Contractor represents and warrants that it is not currently delinquent in the payment of any franchise taxes owed the State of Texas under Chapter 171 of the Texas Tax Code.

  • Federal Excise Tax A. Any taxes (including (i) any taxes based on or imposed on, in whole or in part, the Reinsurer's net income or (ii) any excise taxes under Section 4371 of the Internal Revenue Code of 1986, as amended (the "Code") with respect to the business covered under this Contract) imposed by any governmental entity in respect of amounts paid to the Reinsurer under this Contract will be the responsibility of the Reinsurer and the Company shall have no liability therefor. The Reinsurer will allow the Company to deduct, for the purpose of paying Federal Excise Tax the applicable percentage of any premium payable hereon (as imposed under Section 4371 of the Code) to the extent such premium is subject to such tax. Without limiting the foregoing, the Reinsurer shall indemnify and hold harmless the Company and the Insured against any excise taxes imposed under Section 4371 of the Code with respect to the business covered under this Contract except to the extent any penalties applied or interest arising from the Company's negligence.

  • Value Added Tax (VAT Where appropriate, VAT will be added to the fees or charges on your investment.

  • Franchise Tax Board Review (a) In addition to the reporting requirements in section 6, Taxpayer agrees to comply with the FTB’s review of the books and records for purposes of determining if Taxpayer has complied with the requirements of this Agreement.

  • Internal Taxation 1. The Parties shall refrain from any measure or practice of an internal fiscal nature establishing, whether directly or indirectly, discrimination between the products of one Party and like products originating in the other Party.

  • Tax Benefits If an indemnification obligation of any Indemnifying Party under this Section 14 arises in respect of an adjustment that makes allowable to an Indemnified Party any offsetting deduction or other item that would reduce taxes which would not, but for such adjustment, be allowable, then any such indemnification obligation shall be an amount equal to (i) the amount otherwise due but for this Section 14(d), minus (ii) the reduction in actual cash Taxes payable by the Indemnified Party in the year such indemnification obligation arises, determined on a “with and without” basis.

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