Option Tax Amount definition

Option Tax Amount means the income tax and employee’s National Insurance contributions (or equivalent charges in any jurisdiction) calculated as arising on exercise of the Options by each Optionholder and as set out opposite their name in the column entitled “Option Tax Amount” of the Options Table;
Sample 1Sample 2
Option Tax Amount means any employer Tax to be paid by any of the Group Companies as a result of the Option Cash-Out Payment Amount being paid out.
Sample 1
Option Tax Amount has the meaning given on clause 3.3.
Sample 1

Examples of Option Tax Amount in a sentence

  • The Sellers undertake to do their reasonable best efforts prior to Closing to procure that the relevant Group Companies takes the preparatory steps required in order to achieve the appropriate registrations, withholdings and payments relating to the Option Cash-Out Payment Amount, Transaction Bonuses Amount, Transaction Bonuses Tax Amount and the Option Tax Amount.


More Definitions of Option Tax Amount

Option Tax Amount means all Taxes incurred by the Buyer, the Company or any of their Subsidiaries in connection with the payment of the Initial Option Consideration to the Company Optionholders.
Sample 1
Option Tax Amount means in relation to a holder of Unapproved Options, any amount that represents the liability of the Company, any Group Company or former Group Company or of any other person (apart from the holder of the Unapproved Options) to account to a Tax Authority for any amount of, or representing, income tax or social security contributions (whether under the laws of the United Kingdom or other overseas jurisdiction) that may arise on or in connection with the exercise of his or her Unapproved Options or the acquisition, holding, disposal or part-disposal of any of his or her Option Shares;
Sample 1

Related to Option Tax Amount

  • Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Tax Amount has the meaning set forth in Section 4.01(b)(i).

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Distribution Taxes means any Taxes incurred solely as a result of the failure of the Intended Tax Treatment of the Restructuring, the Contribution or the Distribution.

  • Transaction Tax Deductions means, to the extent Tax deductible for Income Tax purposes, all compensation attributable to payments by a Company or Company Subsidiary on or prior to the Closing Date, including employee transaction-related bonuses, change of control payments, and severance payments, resulting from or related to the consummation of the Contemplated Transactions that are charged to Sellers as part of the Transaction Expenses.

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • After Tax Amount means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.

  • Base Tax Year means the property tax levy year used

  • Transaction Taxes has the meaning set forth in Section 2.6.

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

  • Incremental Income Taxes is defined in Section 6.9.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends thereafter.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • Cumulative Net Realized Tax Benefit for a Taxable Year means the cumulative amount of Realized Tax Benefits for all Taxable Years of the Corporate Taxpayer, up to and including such Taxable Year, net of the cumulative amount of Realized Tax Detriments for the same period. The Realized Tax Benefit and Realized Tax Detriment for each Taxable Year shall be determined based on the most recent Tax Benefit Schedule or Amended Schedule, if any, in existence at the time of such determination.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • non-taxable territory means the territory which is outside the taxable territory;

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Income Tax Return means any Tax Return relating to Income Taxes.