Personal Income Taxes Sample Clauses

Personal Income Taxes. If, in accordance with its legislation and provisions of international treaties, a Member State is entitled to levy the income tax from a tax resident (permanent resident) of another Member State in connection with his/her employment in the first Member State, such income tax shall be levied in the first Member State starting from the first day of employment at the tax rates stipulated for such income of natural persons - tax residents (permanent residents) of the first Member State. The provisions of this Article shall be applied to all taxable income derived from employment by nationals of the Member States.
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Personal Income Taxes. All your personal income taxes will be your personal responsibility irrespective of your citizenship. If you possess citizenship or permanent residency outside India, you will be responsible for all tax liability including those outside India.
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Personal Income Taxes. If [COUNTRY]’s taxing authorities impose income taxes on any compensation paid by MIT to any MIT personnel as a consequence of his or her performing activities under this Agreement, or if any such individual is required to file a tax return in [COUNTRY] as a consequence of performing activities under this Agreement, then Sponsor shall expeditiously pay MIT, for the benefit of the individual, an amount equal to the Additional Tax plus the Gross Up Amount. The “Additional Tax” is the difference between (a) the total amount that the affected individual would have been obligated to pay for federal and state income taxes in the relevant tax year in the U.S. and elsewhere if the individual had not performed activities under this Agreement, including, without limitation, interest and penalties and the cost to prepare and file any tax returns and (b) the total amount the affected individual is actually obligated to pay for federal and state income taxes in the relevant tax year in the U.S., [COUNTRY] and elsewhere, including, without limitation, interest and penalties and the cost to prepare and file any tax returns. The “Gross Up Amount” is an amount equal to the Additional Tax divided by 1 minus the sum of (i) the U.S. federal income tax rate and (ii) the state income tax rate that would be applied to the individual’s base compensation.
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Personal Income Taxes. If the Executive relocates from a state without a personal income tax at the time of his relocation to a state having a personal income tax, or if the Executive resides in a state without a personal income tax on the Effective Date which subsequently adopts a personal income tax, then, in either case, the Company shall pay to the Executive such additional compensation as is necessary (after taking into account all federal, state and local taxes payable by the Executive as a result of the receipt of such additional compensation) to place the Executive in the same after-tax position (including federal, state and local taxes) he would have been in had no such excise or similar purpose tax (or interest or penalties thereon) been paid or incurred. Any compensation to which the Executive may become entitled under this Section 3(H) shall be paid no later than the earlier of (i) the date prescribed by the Company’s applicable policies and procedures or (ii) the last day of Executive’s taxable year next following the taxable year in which the Executive remits such taxes.
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Personal Income Taxes. Employees of the Company shall pay individual ------------------------ income tax according to the Individual Income Tax Law of the People's Republic of China.
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Personal Income Taxes. By signing this Award Agreement, you acknowledge that you shall be solely responsible for the satisfaction of any personal income taxes that may arise, and that neither the Company nor its Affiliated Companies shall have any obligation whatsoever to pay your taxes, in whole or in part.
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Personal Income Taxes. During the Assignment, you may be subject to income tax and reporting requirements in both your Home and Host country. To ensure that you incur no additional income tax cost as a result of your international service, the Company provides protection under a Tax Equalization policy for actual taxes assessed on your Company sourced income for the duration of the Assignment. You continue to be responsible for your Home country income and social security taxes on your compensation, i.e., base salary, bonus, PSU, PRSU, RSU vesting and stock option exercises, as if you remained at home. While on assignment, this obligation becomes known as your hypothetical tax liability and is deducted from your pay each cycle to satisfy federal, state, or local taxes payable on Company sourced income. Additionally, your social security tax will continue to be deducted on an actual basis as required by law. The Company will provide and pay for the services of an international accounting firm to calculate your hypothetical liability and prepare your actual Home and Host tax returns while on assignment. Because your hypothetical tax payments are an approximation of your Home country tax liability based on your Company sourced income only, at the end of each tax year, the accounting firm will prepare a tax equalization calculation to determine if your final home country tax liability is greater than the hypothetical tax withheld from your pay. If so, you will be responsible to the Company for the difference. If it is less, the Company will pay you the difference. The intent of any tax assistance is to make you no better or worse off than if you stayed continually in your home location. Taxes paid on your behalf may result in an increase of tax refunds due to you or a reduction in your U.S. tax obligation. If your refund is increased or your obligation decreased as a result of credits included from company funded tax payments, you will need to return this funding to the Company. Note that in many circumstances, tax services are required for years after completion of an assignment. You are agreeing that the accounting firm will provide a detailed summary outlining the impact of the taxes paid.
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Personal Income Taxes. If the Executive relocates from a state without a personal income tax at the time of his relocation to a state having a personal income tax, or if the Executive resides in a state without a personal income tax on the Agreement Effective Date which subsequently adopts a personal income tax, then, in either case, the Company shall pay to the Executive such additional compensation as is necessary (after taking into account all federal, state and local taxes payable by the Executive as a result of the receipt of such additional compensation) to place the Executive in the same after-tax position (including federal, state and local taxes) he would have been in had no such excise or similar purpose tax (or interest or penalties thereon) been paid or incurred.
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Personal Income Taxes. If [COUNTRY]’s taxing authorities impose income taxes on any compensation paid by MIT to any MIT personnel as a consequence of his or her performing activities under this Agreement, or if any such individual is required to file a tax return in [COUNTRY] as a consequence of performing activities under this Agreement, then Sponsor shall expeditiously pay MIT, for the benefit of the individual, an amount equal to the Additional Tax plus the Gross Up Amount. The “Additional Tax” is the difference between (a) the total amount that the affected individual would have been obligated to pay for federal and state income taxes in the relevant tax year in the U.S. and elsewhere if the individual had not performed activities under this Agreement, including, without limitation, interest and penalties and the cost to prepare and file any tax returns and (b) the total amount the affected individual is actually obligated to pay for federal and state income taxes in the relevant tax year in the U.S., [COUNTRY] and elsewhere, including, without limitation, interest and penalties and the cost to prepare and file any tax returns. The “Gross Up Amount” is an amount equal to the Additional Tax divided by 1 minus the sum of (i) the U.S. federal income tax rate and (ii) the state income tax rate that would be applied to the individual’s base compensation.] Final Accounting. A final financial accounting of all costs incurred and all funds received by MIT hereunder, together with a check for the amount of the unexpended balance, if any, shall be submitted to Sponsor within ninety (90) days following the expiration or any earlier termination of this Agreement.
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Related to Personal Income Taxes

  • Federal Income Taxes For a brief description of the tax effects of an investment in the notes, see “U.S. Federal Income Tax Considerations” on page S-12 of the attached prospectus supplement and page 61 of the attached prospectus.

  • Income Taxes Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * EXHIBIT G-2 FORM OF TRANSFEROR CERTIFICATE __________ , 20__ Residential Funding Mortgage Securities I, Inc. 8400 Normandale Xxxx Xxxxxxxxx Xxxxx 000 Xxxxxxxxxxx, Xxxxxxxxx 00000 [Trustee] Attention: Residential Funding Corporation Series _______ Re: Mortgage Pass-Through Certificates, Series ________, Class R[-__] Ladies and Gentlemen: This letter is delivered to you in connection with the transfer by _____________________ (the "Seller") to _____________________(the "Purchaser") of $______________ Initial Certificate Principal Balance of Mortgage Pass-Through Certificates, Series ________, Class R[-__] (the "Certificates"), pursuant to Section 5.02 of the Series Supplement, dated as of ________________, to the Standard Terms of Pooling and Servicing Agreement dated as of ________________ (together, the "Pooling and Servicing Agreement") among Residential Funding Mortgage Securities I, Inc., as seller (the "Company"), Residential Funding Corporation, as master servicer, and __________, as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:

  • Premium Taxes If premium taxes are incurred, they will be deducted from the contract accumulation, to the extent permitted by law.

  • Federal Income Tax Allocations Net income of the Trust for any month as determined for federal income tax purposes (and each item of income, gain, loss and deduction entering into the computation thereof) during which the beneficial ownership interests in the Trust are held by more than one Person shall be allocated:

  • Taxes The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes.

  • Federal Income Tax Withholding The Bank may withhold all federal and state income or other taxes from any benefit payable under this Agreement as shall be required pursuant to any law or governmental regulation or ruling.

  • Payroll Taxes Employer shall have the right to deduct from the compensation and benefits due to Employee hereunder any and all sums required for social security and withholding taxes and for any other federal, state, or local tax or charge which may be in effect or hereafter enacted or required as a charge on the compensation or benefits of Employee.

  • Income Tax and Social Insurance Contribution Withholding The following provision shall replace Section 9 of the Agreement: Regardless of any action the Company and the Employer takes with respect to any or all income tax, primary Class 1 National Insurance contributions, payroll tax or other tax-related withholding attributable to or payable in connection with or pursuant to the grant or vesting of any Restricted Shares or the release or assignment of any Restricted Shares for consideration, or the receipt of any other benefit in connection with the Restricted Shares (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items legally due by you is and remains your responsibility. Furthermore, the Company and the Employer: (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Shares, including the grant or vesting of the Restricted Shares, the subsequent sale of any unrestricted Shares and the receipt of any dividends or dividend equivalents; and (b) do not commit to structure the terms of the grant or any aspect of the Restricted Shares to reduce or eliminate your liability for Tax-Related Items. As a condition of the lifting of restrictions on the Restricted Shares upon vesting of the Restricted Shares, the Company and/or the Employer shall be entitled to withhold and you agree to pay, or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy, all obligations of the Company and/or the Employer to account to HM Revenue & Customs (“HMRC”) for any Tax-Related Items. In this regard, you authorize the Company and/or the Employer to withhold all applicable Tax-Related Items legally payable by you from any salary/wages or any other cash compensation payable to you. Alternatively, or in addition, if permissible under local law, you authorize the Company and/or the Employer, at its discretion and pursuant to such procedures as it may specify from time to time, to satisfy the obligations with regard to all Tax-Related Items legally payable by you by one or a combination of the following: (a) withholding otherwise deliverable Shares; (b) arranging for the sale of Shares otherwise deliverable to you (on your behalf and at your direction pursuant to this authorization); or (c) withholding from the proceeds of the sale of Shares acquired upon the vesting of the Restricted Shares. If the obligation for Tax-Related Items is satisfied by withholding a number of Shares as described herein, you shall be deemed to have been issued the full number of Shares subject to the Restricted Shares, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Restricted Shares. If, by the date on which the event giving rise to the Tax-Related Items occurs (the “Chargeable Event”), you have relocated to a jurisdiction other than the United Kingdom, you acknowledge that the Company and/or the Employer may be required to withhold or account for Tax-Related Items in more than one jurisdiction, including the United Kingdom. You also agree that the Company and the Employer may determine the amount of Tax-Related Items to be withheld and accounted for by reference to the maximum applicable rates, without prejudice to any right which you may have to recover any overpayment from the relevant tax authorities. You shall pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to account to HMRC with respect to the Chargeable Event that cannot be satisfied by the means previously described. If payment or withholding is not made within 90 calendar days of the Chargeable Event or such other period as required under U.K. law (the “Due Date”), you agree that the amount of any uncollected Tax-Related Items shall (assuming you are not a director or executive officer of the Company (within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), constitute a loan owed by you to the Employer, effective on the Due Date. You agree that the loan will bear interest at the then-current HMRC Official Rate and it will be immediately due and repayable, and the Company and/or the Employer may recover it at any time thereafter by any of the means referred to above.

  • Payment of Trade Liabilities, Taxes, etc Each Restricted Person will (a) timely file all required tax returns (including any extensions); (b) timely pay all taxes, assessments, and other governmental charges or levies imposed upon it or upon its income, profits or property; (c) within one hundred twenty (120) days after the date such goods are delivered or such services are rendered, pay all Liabilities owed by it on ordinary trade terms to vendors, suppliers and other Persons providing goods and services used by it in the ordinary course of its business; (d) pay and discharge when due all other Liabilities now or hereafter owed by it; and (e) maintain appropriate accruals and reserves for all of the foregoing in accordance with GAAP. Each Restricted Person may, however, delay paying or discharging any of the foregoing so long as it is in good faith contesting the validity thereof by appropriate proceedings, if necessary, and has set aside on its books adequate reserves therefor which are required by GAAP.

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