Tax implication Sample Clauses

Tax implication. 4.1 Applicant is solely responsible for payment of any and all tax liability imposed on the Applicant as a result of the receipt of any Incentive payment; EM will not be responsible for any tax liability imposed on the Applicant as a result of any payment of the Incentive. GST Registrants: Incentives include GST.
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Tax implication. 4.1 EM will not be responsible for any tax liability imposed on the Building Owner/Applicant as a result of any payment of the Incentive. Efficiency Manitoba is exempt from the Goods & Services Tax (GST) and therefore Incentives do not include GST.
Tax implication. Income Tax will be deducted at source wherever applicable as per the provisions of the Income Tax Act,1961 and the rules framed thereunder or any subsequent modification or substitution thereof. You are solely responsible for declarations and implications arising under the Income Tax Act, 1961 and the rules framed thereunder or any subsequent modification or substitution thereof. You agree to promptly declare your correct income to the Tax Authorities and pay applicable tax thereupon. Any false declarations in respect of financial disclosures shall be a cause for disciplinary action including termination at Company’s discretion.
Tax implication. 4.1 EM is not responsible for any tax liability imposed on the Customer as a result of any payment of the Rebate.
Tax implication. 4.1 MH will not be responsible for any tax liability imposed on the Customer as a result of any Incentive. GST Registrants: Incentive includes GST.
Tax implication. 4.1 Building Owner is solely responsible for payment of any and all tax liability imposed on the Building Owner as a result of the receipt of any Incentive payment; EM will not be responsible for any tax liability imposed on the Building Owner as a result of any payment of the Incentive. GST Registrants: Incentives include GST.
Tax implication. 4.1 EM will not be responsible for any tax liability imposed on the Customer as a result of any payment of the Incentive. EM is e xempt from the Goods & Services Tax (GST) and therefore Incentives do not include GST.
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Tax implication. In general, employees will be subject to tax upon exercise of all or any part of the Option in an amount equal to the difference between the Fair Market Value of the Shares being acquired upon such exercise as of the exercise date and the Exercise Price, less any applicable commissions and fees. The Employee is advised to consult tax counsel concerning the tax implications of holding and exercising all or any part of the Option.
Tax implication. NTIIF makes no representations as to the tax consequences or liability arising from any consideration, including but not limited to the Settlement Sum, made under this Agreement. Moreover, any tax consequences and/or liability arising from the consideration provided to Plaintiff.<; in accordance with this Agreement shall be Plaintiffs' sole responsibility and obligation, and that neither the NJilF, Roselle Park nor any Releasee shall be held liable for any payment of any taxes or penalties on Plaintiffs' behalf. Plaintiffs agree that each wiU pay any and all income tax that may be determined to be due in connection with the payment of the Settlement Sum. Should the Internal Revenue Service, any State or any other taxing agency or tribunal require Defendants to pay any taxes, fines, penalties, interest or any oilier cost related to taxes on behalf of Plaintiffs with regard to the payment of the Settlement Sum, Plaintiffs agrees to defend, indemnify and reimburse the NIDF, their agents, servants or representatives for any taxes they are required to pay as a resnll of Plaintiffs' failure to do so.

Related to Tax implication

  • Withholding; Tax Effect All payments made by the Company to the Executive under this Agreement shall be net of any tax or other amounts required to be withheld by the Company under applicable law. Nothing in this Agreement shall be construed to require the Company to make any payments to compensate the Executive for any adverse tax effect associated with any payments or benefits or for any deduction or withholding from any payment or benefit.

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