Excise Tax definition

Excise Tax means any excise tax imposed under section 4999 of the Code.

Excise Tax means the excise tax imposed by Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.

Excise Tax means any excise tax imposed by Code section 4999, together with any interest, penalties, additional tax or similar items that are incurred by the Executive with respect to the excise tax imposed by Code section 4999.

Examples of Excise Tax in a sentence

• The reduction of the amounts payable hereunder, if applicable, shall be made by reducing first the payment made pursuant to the Agreement and then to any other agreement that triggers such Excise Tax, unless an alternative method of reduction is elected by Executive.

• The State is exempt from federal excise taxes under I.R.C. Chapter 32 (26 U.S.C., Subtitle D, Ch. 32) (Federal Excise Tax Exemption Certificate of Registry No. 84-730123K) and from Colorado state and local government sales and use taxes under §§39-26-704(1), et seq.

• If the Excise Tax is not eliminated pursuant to this paragraph, Executive shall pay the Excise Tax.

• The “Repayment Amount” with respect to the payment of benefits shall be the smallest such amount, if any, that is required to be paid to the Company so that Executive’s net after-tax proceeds with respect to any payment of benefits (after taking into account the payment of the Excise Tax and all other applicable taxes imposed on such payment) are maximized.

More Definitions of Excise Tax

Excise Tax has the meaning assigned thereto in Section 8(a) hereof.

Excise Tax shall have the meaning set forth in Paragraph 6(g)(i) hereof.

Excise Tax shall have the meaning set forth in Section 7.

Excise Tax has the meaning assigned to that term in Section 11.

Excise Tax means any excise tax imposed by Section 4999 of the Code, together with any interest and penalties imposed with respect thereto, or any interest or penalties are incurred by the Executive with respect to any such excise tax.

Excise Tax means the excise tax imposed by Section 4999 of the Code.

Excise Tax shall have the meaning stated in Section 10.2(A) hereof.