Taxation of the Company and Depreciation Sample Clauses

Taxation of the Company and Depreciation. (a) Effective January 1 of the calendar year in which Financial Closing occurs and continuing for the Term of this Agreement, the Company shall be taxed on its net taxable income pursuant to the Laws of Liberia but at a rate not to exceed thirty percent (30%) per Year of such net taxable income. Subject to the provisions of Section 16.1(b) below, the Company’s net taxable income shall be computed in accordance with the Laws of Liberia. Unless otherwise provided in this Agreement, the net taxable income of the Company shall be determined in US Dollars in accordance with generally accepted accounting principles (except as modified by the Laws of Liberia relating to Taxes).
Sample 1
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Related to Taxation of the Company and Depreciation

  • HEALTH AND LIFE INSURANCE The Sheriff will continue to offer to employees of this bargaining unit the same health and life insurance programs being offered to other Sheriff’s Office employees. Due to the changing nature of the health insurance market, the Sheriff retains the right during the term of this Agreement to develop plan changes or to change carriers in order to reduce costs or for other reasons. Changes to the level and types of benefits shall be subject to bargaining as provided by law. Rates paid by the employee will be established by the Sheriff.

  • Health and Dental Benefits ‌ During the term of this MOU, the City will provide benefits to all half-time employees as defined by Article 4.1 (Part-Time Employment) of this MOU in accordance with the Civilian Modified Flexible Benefits Program (Flex Program) and any modifications thereto as recommended by the Joint Labor-Management Benefits Committee (JLMBC) and approved by the City Council. During the term of this MOU, the City agrees that it will not unilaterally impose a reduction in plan design or benefits for any benefit plan applicable to employees covered by this MOU. Nothing in this MOU, however, shall prevent the parties from jointly reaching agreement on plan design or benefits applicable to employees covered by this MOU. Additionally, nothing in this MOU constitutes a waiver by the Union or the City with respect to making changes to plan design or benefits. If there are any discrepancies between the benefits described in this Article and the Flex Program approved by the JLMBC, the Flex Program benefits will take precedence.

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