Relevant Liability definition

Relevant Liability means any cost, charge, loss, damage, expense or liability which any person may suffer or incur:

Relevant Liability means any tax, social security contributions, levy, charge or other payroll deductions required by law arising out of or in connection with an Award for which the Participant is liable (or which may be recovered from the Participant) and for which any Group Member or former Group Member is obliged to pay or account to any relevant authority, or any reasonable estimate thereof;

Relevant Liability means a liability in respect of which a contract of insurance must be in force to comply with Article 2 of the Law;

Examples of Relevant Liability in a sentence

• So far as the law allows, but without prejudice to any indemnity to which he may otherwise be entitled, any person who is or was at any time a director, alternate director, officer or employee of the company shall be entitled to be indemnified and, if the board so determines, any other Relevant Person shall be entitled to be indemnified, out of the assets of the company against any Relevant Liability.

• If upon the determination, adjudication or other resolution of all claims asserted during the Reserve Period, the total liability that the relevant ULHL Subsidiaries are found to be liable for by a competent court, tribunal or governmental authority (or upon settlement if applicable) (the “Relevant Liability”) is less than $1,000,000, the difference between (A) $1,000,000 and (B) the Relevant Liability shall be forthwith released to ULHL (to the extent not yet released to ULHL previously).

• Each Award or Option shall be granted on terms that the Participant agrees to indemnify and keep indemnified the Company and any Group Member and any other relevant person to the extent permitted by law in respect of any Relevant Liability, and that upon Vesting of an Award or exercise of an Option the provisions of Rule 14 shall apply (and for this purpose a company in the Group includes a company that has been a Group Member).

• This Deed shall remain in force until such time as any relevant limitation periods for bringing claims against the Director have expired, or for so long as the Director remains liable for any Relevant Liability.

• The Seller shall not be liable to the Purchaser in respect of any breach of the Tax Warranties to the extent that any of the circumstances set out in clause 3 of the Tax Covenant would have applied in respect of that liability had it been a Relevant Liability (as defined in the Tax Covenant).

More Definitions of Relevant Liability

Relevant Liability has the meaning set forth in Section 1.6(i).

Relevant Liability means any payment obligation of the Bank under any Relevant Indebtedness of the Bank or under any guarantee or indemnity given by the Bank in respect of any Relevant Indebtedness of any other person; and

Relevant Liability means the obligation of any person to make any

Relevant Liability means, in relation to any Cashout Amount or other settlement of an Award, an amount equal to any sums which the Service Recipient or any other Member of the Group are be obliged to deduct by law including (without limitation) the amount of income tax and social security (including national insurance) contributions for which such company has or is required to account to the taxation authorities in any jurisdiction as a consequence of a payment to the Participant of the Cashout Amount or other settlement of an Award;

Relevant Liability a liability in respect of which a contract of insurance must be in force to comply with part VI of the Road Traffic Xxx 0000;

Relevant Liability means a liability in respect of which a contract of insurance must be in force to comply with the 1986 Act and, for the purposes of this Agreement, that obligation is deemed to extend to a liability arising from the use of a trailer as a vehicle, where “trailer” has the meaning given in section 2 of the Traffic Xxx 0000;

Relevant Liability means the obligation of any person to make anypayment or to take or secure the taking of any action in relation to an Environmental Condition or the Direction of a Competent Authority of the kind referred to in Condition E2.1.1(b);