Award Tax Liability definition

Award Tax Liability means any liability or obligation of the Company and/or any related company or Subsidiary to account for income tax (under Pay As You Earn) or any other taxation provisions and primary class 1 National Insurance Contributions in the United Kingdom to the extent arising from the grant, exercise, assignment, release, cancellation or any other disposal of an Award or arising out of the acquisition, retention and disposal of the Shares acquired under this Plan.

Award Tax Liability means an amount sufficient to satisfy all United Kingdom and/or other taxes, duties, social security or national insurance contributions (including any Employer's NICs which are the subject of an agreement or election under Rule 11.2) or any other amounts which are required to be withheld or accounted for by a Participant's Employing Company, the Company, any Associated Company of the Company in connection with the grant, holding and/or exercise or vesting of an Award;

Award Tax Liability means any liability or obligation of the Corporation and/or any subsidiary to account (or pay) for income tax (under the UK withholding system of PAYE (pay as you earn)) or any other taxation provisions and primary class 1 National Insurance Contributions in the United Kingdom to the extent arising from the grant, exercise, assignment, release, vesting, settlement, cancellation or any other disposal of an Award or arising out of the acquisition, retention and disposal of the Shares acquired under this Plan.

Examples of Award Tax Liability in a sentence

• The DIP is administered by the Davies Group Employee Benefit Trust (the “EBT”), which is consolidated in accordance with the principles in note 3.1. At vesting, the DIP holders are entitled to net proceeds arising out of the sale of a certain ring-fenced pool of shares held by the EBT in the capital of Davies Group’s ultimate parent company (after deduction of such fees, charges, Award Tax Liability, costs or expenses incurred in connection with the sale of such shares) on a pro rata basis.

• To the extent permitted by law, the Participant hereby agrees to indemnify and keep indemnified the Company, and the Company as trustee for and on behalf of any related corporation, for any Award Tax Liability and Secondary NIC Liability.

• The Company, the Participant's Employing Company or the Trustees may make such arrangements as they consider necessary or desirable to meet any Award Tax Liability arising in connection with Awards.

• In the event that the Company determines that it or any subsidiary is required to account to HM Revenue & Customs for the Award Tax Liability and any Secondary NIC Liability or to withhold any other tax as a result of the exercise of this Option, the Participant, as a condition to the exercise of the Option, shall make arrangements satisfactory to the Company to enable it or any subsidiary to satisfy all withholding liabilities.

• The words "the Award Tax Liability and, if required by the Invitation, the Secondary NIC Liability" shall be inserted between the words "Exercise Price (if any) and "to (or as directed by)" in Rule 7.3(b).

More Definitions of Award Tax Liability

Award Tax Liability means an amount sufficient to satisfy all taxes, duties, social security or national insurance contributions and any equivalents or any other amounts which are required to be withheld or accounted for by a Participant’s Employing Company, the Company, any Associated Company of the Company or the Trustees in connection with the grant, holding, exercise and/or vesting of an Award or in connection with a Dividend Accrual Payment;

Award Tax Liability means in relation to the Holder, any liability of the Company (and any other member of its Group) to account to Her Majesty’s Revenue & Customs or any other tax authority for any amount of, or representing, income tax, NICs, or social security contributions or any other tax charge, levy or other sum (whether under the laws of the UK or otherwise) (with the exception of employer NICs) which may arise on the grant, vesting, exercise, assignment or release of the Share Option;

Award Tax Liability means any liability or obligation of the Company and/or any Subsidiary to account for (or pay) income tax (under the UK withholding system of PAYE (pay

Award Tax Liability means any liability of the Participant’s Employer to account to HMRC or any other tax authority for any amount of, or representing, income tax or Employee’s NICs or any equivalent charge in the nature of tax or social security contributions (whether under the laws of the United Kingdom or otherwise) which may arise on the acquisition or disposal of, or the exercise or release of any Award.“Constituent Company”means any of the following: (a) the Company; and (b) any company which is an Affiliate of the Company“Employee’s NICs”means primary Class 1 NICs arising on the acquisition or disposal of, or the exercise or release of any Award.“HMRC”means Her Majesty’s Revenue and Customs.“ITEPA”means the Income Tax (Earnings and Pensions) Act 2003.“NICs”means National Insurance Contributions.

Award Tax Liability means any amount of, or representing, income tax or employee social security contributions or any equivalent charge in the nature of tax or social security or similar contributions (whether in the US, United Kingdom or otherwise) which may arise on or in connection with: (a) the grant, Vesting, exercise, deemed exercise or release of, or the acquisition of Shares or of any interest in Shares pursuant to, an Award or any cash payment made under this Plan; or (b) the expiry of any statutory time period in relation to an Award

Award Tax Liability means an amount sufficient to satisfy any taxes, duties or social security contributions arising in any jurisdiction which are required to be withheld or accounted for by an Awardholder’s Employing Company or any other Group Company or any other person in connection with the grant, holding and/or Vesting of an Award and/or the delivery to the Awardholder of Shares subject to that Award;

Award Tax Liability means an amount sufficient to satisfy any and all income tax, duties, social security or national insurance contributions or their equivalent in any jurisdiction (including any employer's national insurance contributions or their equivalent to the extent required by the Board and permitted by law) or any other amounts which are required to be withheld or accounted for by any Member of the Group (or former Member of the Group) or the Trustees to any tax authority in connection with the grant, holding, exercise, and/or Vesting of an Award, holding or disposal of Vested Shares or the payment of a Dividend Accrual Payment or Cash Alternative;