Examples of Tax effect in a sentence
To the extent that any and all such reimbursements or payments by the Company are includable in Executive’s gross income and taxable, then the Company shall, on or before June 1 of the year after the payment is made, pay the Tax Effect thereof to Executive.
To the extent that any and all such reimbursements or payments by the Company are includable in Executive’s gross income, then the Company shall, on or before June 1 of the year after the payment is made, pay the Tax Effect thereof to the Executive.
Federal Income Tax Effect If the Merger is consummated, then, for federal income tax purposes, the existence of the Partnership as a separate entity will be terminated and the Partnership will be disregarded as an entity separate from ARV.
To the extent that any and all such reimbursements or payments by the Company are includable in Executive’s gross income, then the Company shall, on or before April 1 of the year after the payment is made, pay the Tax Effect thereof to the Executive.
To the extent that such reimbursement is deemed to be includable in Executive’s gross income, the Company shall pay to the Executive the Tax Effect (as defined herein) of such sum (e.g., if the reimbursement is $1000.00, then the Company would pay to the Executive the sum of $666.67, which is $1000 divided by the Tax Effect (assuming a 40% rate), and subtracting the amount reimbursed).