Tax Penalties. Any type of tax penalty;
Tax Penalties. TAB may report any and all payments and benefits made or received under this Agreement to any taxing authority(s) as appropriate under applicable law. Nothing contained in this Agreement shall be construed as requiring TAB to compensate Sponsor for any adverse tax effects associated with any payments or benefits made or received under this Agreement.
Tax Penalties. If a withdrawal or surrender occurs before the annuitant is age 59 1/2, the annuitant may be subject to tax penalties. These penalties are imposed under the Code. The annuitant may not be subject to tax penalties on amounts received before age 59 1/2 if:
(a) the annuitant becomes disabled as defined by the Code;
(b) the amount received is in excess of the allowed elective deferral and returned to the annuitant before the required tax return filing date for that year, together with any earned interest; or
(c) if the entire amount in the contract is received and reinvested in a similar plan entitled to similar tax treatment. Minnesota Mutual will not be liable for any tax penalties on amounts received or paid by us under this contract. Minnesota Mutual also retains the right to treat any transaction treated by law as a contract distribution as a complete contract surrender.
Tax Penalties. In addition to normal income taxes payable on the spread in effect under each of an optionee’s options on the applicable tax measurement date, the optionee would also be subject to an additional tax penalty equal to 20% of that spread. Note: Certain states, including California, have adopted provisions similar to Section 409A under their tax laws, and for optionees subject to income taxation in such states, the total penalty tax could be up to 40% (a 20% federal penalty tax and up to a 20% state penalty tax).
Tax Penalties. Grantee shall protect, defend, indemnify and hold harmless Grantor from and against all liabilities imposed upon or incurred by Grantor by reason of Grantee's failure to timely pay any taxes identified in Section 3.l above; however, Grantee's obligations herein shall arise only after Grantee receives a written request from Grantor and the document that evidences the tax imposed or the increased liability prior to the applicable due date.
Tax Penalties. The Company will provide complete tax and compensation data on a timely basis to the Executive and to an accounting firm designated by the Executive to enable the Executive to determine the extent, if any, to which the Executive's compensation under this Agreement and all other compensation agreements, plans and programs of the Company may be considered to be a parachute payment or excess parachute payment under section 280G of the Internal Revenue Code of 1986, as amended (the "Code"). In the event that any such compensation is deemed to constitute an excess parachute payment that is subject to tax under Section 4999 of the Code or any successor provision thereto (the "Excise Tax"), the Company shall pay to the Executive an additional amount (the "Gross-Up Amount") that, after payment of all Federal and state income taxes thereof (assuming the Executive is at the highest marginal federal and applicable state income tax rate in effect on the date of payment of the Gross-Up Amount) and payment of the Excise Tax on the Gross-Up Amount, is equal to the Excise Tax payable by the Executive on such excess parachute payment. The Gross-Up Amount payable with respect to each excess parachute payment shall be paid by the Company coincident with payment of such excess parachute payment.
Tax Penalties. If any amount payable to the Executive by the Company, whether under this Agreement or otherwise (a "Payment"), is subject to any tax under section 4999 of the Internal Revenue Code of 1986, as amended (the "Code"), or any similar federal or state law (an "Excise Tax"), the Company shall pay to the Executive an additional amount (the "Make-Whole Amount") which is equal to (i) the amount of the Excise Tax,
Tax Penalties. Taxes in the form of interest, penalties, additions to Tax or other additional amounts that relate to Taxes (“Tax Penalties”) for any period shall be treated as occurring in the same period as the Taxes to which the Tax Penalties relate, without regard to when a Tax Penalty is incurred, accrued, assessed, or otherwise charged; provided, however, that no Tax Penalty shall be apportioned to a Pre-Closing Tax Period or Pre-Closing Straddle Period to the extent that the liability for such Tax Penalty is incurred solely because of the failure of Purchaser or Words+ to comply with any requirement or provision of law or this Agreement after the Closing Date but provided further that the foregoing proviso shall not apply to the extent that Purchaser or Words+ did not comply with any requirement or provision of law or this Agreement after the Closing Date in reliance on a warranty or representation set forth in Section 2.9 hereof.
Tax Penalties costs associated with the operation of the business of the entity that constitutes Landlord (as the same are distinguished from the costs of operation of the Project) and costs incurred in connection with disputes between Landlord and its employees, between Landlord and Project management or between Landlord and other Occupants, including Tenant (except as otherwise provided in this Lease);
Tax Penalties. Costs associated with the operation of the business of the limited liability company or entity which constitutes the Landlord, as the same are distinguished from the costs of operation of the Project, including partnership accounting and legal matters, costs of defending any lawsuits with any mortgagee (except as the actions of Tenant may be in issue), costs of selling, syndicating, financing, mortgaging or hypothecating any of Landlord’s interest in the Project, and costs incurred in connection with any disputes between Landlord and its employees, between Landlord and Project management, or between Landlord and other tenants or occupants;
