Option Tax Liability definition

Option Tax Liability means the sum of (i) an amount sufficient to satisfy all taxes, duties, social security or national insurance contributions (including Employer’s NICs which are the subject of an agreement or election under Rule 7.2(e)) or any other amounts (including Medicare) which are required to be withheld or accounted for on behalf of the Participant by any Member of the Group and (ii) the Employer’s share of U.S. Employment Taxes;

Option 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 Option or arising out of the acquisition, retention and disposal of the Shares acquired under this Plan.

Option Tax Liability means any liability or obligation of the Company and/or any Subsidiary, including the UK Subsidiary to account (or pay) for income tax (under the United Kingdom 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, cancellation or any other disposal of an Option or arising out of the acquisition, retention and disposal of the Shares acquired under this Plan.

Examples of Option Tax Liability in a sentence

• A team with a player who is later not invited or approved by the WBF and/or the USBF for any reason (such as residency, conduct, ethics, hygiene, etc.) may be disqualified should it win the 2017 Michael Seamon JUSBC.

• The Optionee also agrees to sign a section 431 election (being an election made under section 431 of the Income Tax (Earnings and Pensions) Act 2003) on or before the exercise of this Option and, as a condition to the exercise of this Option, the Optionee shall pay on exercise the amount of any Option Tax Liability and any Secondary NIC Liability.

• Optionee hereby indemnifies the Company in respect of the amount of any Option Tax Liability which may arise as a consequence of or in connection with this exercise of the option (and, for the purposes of this Exercise Notice, the expression “Option Tax Liability” has the same meaning as it has in the Option Agreement).

• The Optionee expressly acknowledges and agrees that the Optionee’s rights hereunder, including the right to be issued shares upon exercise, are subject to the Optionee promptly paying to the Company in cash (or by such other means as may be acceptable to the Administrator in its discretion) all taxes required to be withheld (including any Option Tax Liability and any Secondary NIC Liability).

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

More Definitions of Option Tax Liability

Option Tax Liability means an amount sufficient to satisfy all taxes, duties, social security or national insurance contributions or any other amounts which are required to be withheld or accounted for on behalf of the Participant by any Member of the Group;

Option Tax Liability means any liability of the Employer to pay to the Inland Revenue or to account to the Inland Revenue for any amount of, or representing, income tax or NIC (including Secondary Contributions) in respect of any Option Gain and any further or additional liability of the Employer to pay to the Inland Revenue or to account to the Inland Revenue for any amount of, or representing, income tax or NIC (including Secondary Contributions) in relation to Shares acquired upon the exercise of the Option in respect of any event occurring on or after the date of exercise of the Option; and

Option Tax Liability means in relation to any Option held by any Option Holder any liability of any Group Company or any other person to account for any amount of tax (including income tax), duties and/or social security contributions (including primary Class 1 (employees’ National Insurance contributions) on behalf of the Option Holder) whether of the United Kingdom or elsewhere;

Option Tax Liability means the income tax, employee’s and employer’s national insurance contributions which are payable as a result of the exercise of the Options.

Option Tax Liability means, in relation to an Optionholder, any liability of the Company to account to HMRC or other tax authority for any amount of, or representing, income tax or employees’ or employer’s NICs or any other tax charge levy or other sum, whether under the laws of the United Kingdom or otherwise, which may arise on the exercise or other realisation of the Option.

Option Tax Liability means any tax or employee’s social security liability to the extent arising from the grant, exercise, release or cancellation of an Option or arising out of the acquisition, retention and disposal of the Shares acquired pursuant to an Option or by a Disqualifying Event.

Option Tax Liability any liability of the Company or Employer to account to the Inland Revenue for any amount of, or representing, income tax or NICs on any Option Gain;