Section 431 Election definition

Section 431 Election means an election made under section 431 of ITEPA.

Section 431 Election means an election made under section 431 of the Income Tax (Earnings and Pensions) Act 2003.

Section 431 Election means an election made under section 431 ITEPA.

Examples of Section 431 Election in a sentence

• If the Grantee is tax resident in the United Kingdom and is so requested by the Board, the Grantee shall, along with its employer, within 14 days of acquisition of any Shares enter into a Section 431 Election with respect to such Shares enter into a Section 431 Election with respect to such Shares.

• The Grantee shall also make such arrangements as the Board may require for the satisfaction of any Federal, state, or local taxes (domestic or foreign) of any kind (including, but not limited to, any United Kingdom income tax or National Insurance contributions and including (to the extent legally permissible) with any employer’s (secondary) National Insurance contributions) with respect to such acquisition of Shares as may arise upon the making of such Section 431 Election.

• The Optionee shall also makes such arrangements as the Committee may require for the satisfaction of any Federal, state, or local taxes (domestic or foreign) of any kind (including, but not limited to, any United Kingdom income tax or National Insurance contributions and including (to the extent legally permissible) with any employer’s (secondary) National Insurance contributions) with respect to such acquisition of Shares as may arise upon the making of such Section 431 Election.

• The words “the Section 431 Election and Joint Election shall be governed by the laws of England and Wales” shall be added to the end of the second paragraph.

• If the Optionee is a UK Participant and is so requested by the Committee, the Optionee shall, along with the Optionee’s employer, within 14 days of acquisition of any Shares enter into a Section 431 Election with respect to such Shares.

More Definitions of Section 431 Election

Section 431 Election means an election made under section 431 of the Income Tax (Earnings and Pensions) Xxx 0000.

Section 431 Election means an election under section 431 ITEPA in such form as may be determined by HM Revenue & Customs from time to time.

Section 431 Election means an election in accordance with Section 431 of ITEPA being in the form as set out in Schedule 3 to this Scheme or in such other form as HM Revenue & Customs may determine from time to time;

Section 431 Election means a valid section 431 notice executed by the Participant and the Company pursuant to section 431(1) of the Act;

Section 431 Election means an election made under section 431 of ITEPA. "Shares" means shares of Common Stock.

Section 431 Election means an election entered into pursuant to Section 431 ITEPA.

Section 431 Election means a joint election between the Grantee or, if different, the relevant Eligible Person, and that person’s employer under section 431(1) of the UK Income Tax (Earnings and Pensions) Act.