Net Tax Cost means the net amount of any federal, foreign, state or local income and employment taxes paid by the Participant with respect to the amount to be repaid hereunder (before the reduction for the Net Tax Cost), after taking into account any and all available deductions, credits, or other offsets allowable to the Participant (including, without limitation, any deduction permitted under the claim of right doctrine), and regardless of whether the Participant would be required to amend any prior income or other tax returns, subject to the Participant’s documentation that deductions, credits or other offsets otherwise available or allowable to the Participant could not be used as a result of the Participant’s actual tax position.
Net Tax Cost means the net amount of any federal, foreign, state or local income and employment taxes paid by you in respect of the compensation or gain received that is subject to reimbursement, after taking into account any and all available deductions, credits or other offsets allowable to you (including, without limitation, any deduction permitted under the claim of right doctrine), and regardless of whether you would be required to amend any prior income or other tax returns, subject to your documentation that deductions, credits or other offsets otherwise available or allowable to you could not be used as a result of your actual tax position.
Net Tax Cost means the net amount of any federal, foreign, state or local income and employment taxes paid by the Executive in respect of the compensation received that is subject to reimbursement, after taking into account any and all available deductions, credits or other offsets allowable to the Executive (including, without limitation, any deduction permitted under the claim of right doctrine), and regardless of whether the Executive would be required to amend any prior income or other tax returns. The Executive agrees that, to the extent permitted under applicable law, the Company may seek reimbursement of such amounts from the Executive and may recapture such amounts by retaining the compensation or other amounts that would otherwise be due or payable to the Executive.
Examples of Net Tax Cost in a sentence
Table 05: Net Tax Cost of TEE-Type Pension Saving Accumulated asset Table 06: Net Tax Cost of TTE-Type Pension Savings Accumulated asset A European Comparison of the Tax Treatment of Pensions Further to the explanation of the theory of taxation in relation to pensions, this section compares taxation regimes in practice, in a range of EU Member States.
Turning first to procedural unconscionability, although the district court held on remand that the substantive commercial law of the Chey- enne River Sioux Tribe was reasonably ascertainable, it did not reach this conclusion with respect to tribal rules for conducting arbitrations.
More Definitions of Net Tax Cost
Net Tax Cost means the net amount of any federal, foreign, state or local income, employment or other taxes paid by the Executive in respect of Incentive Compensation received, after taking into account any and all available deductions, credits or other offsets allowable to the Executive, and which are not recoverable by the Executive through timely amending any prior income or other tax returns. The Executive shall seek all recoverable amounts in a prompt and diligent manner.
Net Tax Cost means, with respect to the receipt of the CVR Litigation Proceeds or the CVR Government Action Proceeds at any time, an amount equal to (A) the excess, if any, of (i) the product of (x) the CVR Litigation Proceeds and/or the CVR Government Action Proceeds, as applicable, multiplied by (y) the ratio of the amount of the Litigation Proceeds and the Government Action Proceeds that is currently includible in the gross income of the Company or any of its Affiliates for U.S. federal income tax purposes to the aggregate amount of the Litigation Proceeds and the Government Action Proceeds received by the Company, over (ii) the Net Tax Benefit; multiplied by (B) twenty percent (20%).
Net Tax Cost means, with respect to the receipt of the Claims Proceeds for a specific taxable period, an amount equal to the excess, if any, of (i) the federal and state income Taxes, if any, imposed on the Company or any of its Affiliates solely with respect to the receipt of such Claims Proceeds for such taxable period, over (ii) the Net Tax Benefit realized by the Company with respect to or in connection with the payment of such Claims Proceeds and such Claims Expenses. For purposes of calculating Net Tax Cost, the Claims Proceeds shall not include any Claims Proceeds received with respect to CVR rights that have been abandoned by the Holders or acquired by the Company under Section 1.06 of this Agreement.
Net Tax Cost means the net amount of any federal, foreign, state or local income, employment or other taxes paid by a Covered Person in respect of Incentive Compensation received, after taking into account any and all available deductions, credits or other offsets allowable to the Covered Person, and which are not recoverable by the Covered Person through timely amending any prior income or other tax returns.
Net Tax Cost means the actual cost to the Seller, which shall include, without limitation, the actual tax cost resulting from any required tax allocations of the Company's federal and state taxable income (excluding taxable income, if any, resulting from the transaction contemplated by this Agreement), reduced by the amount of any benefit derived by the Seller from any increase in Seller's tax basis in the Shares that result from any such allocation(s). Purchaser further agrees to cause Seller to be nominated as one of the slate of nominees to serve on Purchaser's Board of Directors provided the Closing occurs on or before December 15, 1999.
Net Tax Cost means a Tax cost to the extent that it results in, with commercially reasonable steps capable of being taken by the Indemnified Party to minimize, a reduction in refund of or actual increase in Tax with respect to the taxable period in which the indemnification is paid or any prior Tax Period, or on any Tax Return with respect thereto.
Net Tax Cost means the net amount of any federal, foreign, state or local income and employment taxes paid by the Executive in respect of the compensation received that is subject to reimbursement, after taking into account any and all available deductions, credits or other offsets allowable to the Executive (including, without limitation, any deduction permitted under the claim of right doctrine), and regardless of whether the Executive would be required to amend any prior income or other tax returns. The Executive agrees that, to the extent permitted under applicable law, the Company may recapture any amounts that are otherwise payable to the Company pursuant to this Section 8.5 by retaining compensation or other amounts that would otherwise be due or payable to the Executive.