Tax Income definition

Tax Income or “Tax Loss” of the Partnership for any Fiscal Year means the income or loss and any taxable capital gain or allowable capital loss of the Partnership, determined for that period in accordance with the provisions of the Income Tax Act;

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Tax Income and "Tax Loss" means, respectively, with respect to the Partnership and in respect of any period, income or loss for such period determined in accordance with the provisions of the Tax Act;

Tax Income means Gross Revenues less the sum of Manager's Costs and the Cost of Medical Services after provision of related bonuses but before provision for income taxes.

Examples of Tax Income in a sentence

• For purposes of this Paragraph 2.(b), whether any amount would constitute an Excess Parachute Payment and any other calculations of tax, e.g., Excise Tax, HI Tax, Income Tax, etc., or other amounts, e.g., Base Amount, Capped Amount, etc., shall be determined by the tax department of the independent public accounting firm then responsible for preparing Southern's consolidated federal income tax return, and such calculations or determinations shall be binding upon the parties hereto.

• The Employer will provide individual providers with a W-4 tax form and Federal Tax Income (FIT) notice.

• The Contractor shall notify DCF in writing, within thirty (30) calendar days of the date payment was due of any past due liabilities to the Federal government, State government or their agents for income tax withholding, FICA, Worker’s Compensation, Unemployment Compensation, garnishments or other employee related liabilities, Sales Tax, Income Tax of the Contractor, or other monies owed.

• The Grantee shall notify the Grantor in writing, within thirty (30) days of the date payment was due of any past due liabilities to the Federal government, State government or their agents for income tax withholding, FICA, Workers' Compensation, Unemployment Compensation, garnishments or other employee related liabilities, Sales Tax, Income Tax of the Grantee, or other monies owed.

• For purposes of this Section 2.2(b), whether any amount would constitute an Excess Parachute Payment and any other calculations of tax, e.g., Excise Tax, HI Tax, Income Tax, etc., or other amounts, e.g., Base Amount, Capped Amount, etc., shall be determined by a nationally recognized firm specializing in federal income taxes as selected by the Compensation Committee, and such calculations or determinations shall be binding upon ▇▇.

More Definitions of Tax Income

Tax Income means one-quarter of an Issuer's actual taxable income for the year prior to that with respect to which the calculations described above are being made; and

Tax Income means one-quarter of an Investee Company's actual taxable income for the year prior to that with respect to which the calculations described above are being made. For purposes hereof, any references herein to the taxable income or loss of a Pass-Through Entity that is disregarded as an entity separate from its owner for tax purposes shall mean the taxable income or loss of such Pass-Through Entity as if it was a pass-through corporation which was not disregarded as a separate entity for tax purposes; and

Tax Income means the ‘net income’ of the Trust as defined in section 95 of the Tax Act; ‘Tax Invoice’ has the same meaning as in the GST Act;

Tax Income means, for any Subject Year, the actual income (or loss) of the Company and its consolidated subsidiaries determined in accordance with generally accepted accounting principles from time to time in effect (“GAAP”) before provisions for income taxes and Employee’s Bonus pursuant to this Section 3.2, and adjusted to exclude income (or loss) not reflected in the Budgeted Pre-tax Income that is directly attributable to (x) the sale or distribution of assets not in the Company’s ordinary course of business, (y) transactions accounted for as extraordinary events in accordance with GAAP and (z) acquisitions by the Company of businesses (by merger, consolidation, acquisition of stock or assets or otherwise), including without limitation, acquisition costs and operations of the acquired businesses, that closed during such Subject Year but were not accounted for or otherwise reflected in the Budgeted Pre-tax Income for such Subject Year. In addition, Adjusted Pre-tax Income may be adjusted in the sole discretion of the Compensation Committee of the Board of Directors in accordance with Section 3.2.6 below to exclude non-recurring income and expenses as it believes are warranted under the circumstances, as determined on a case-by-case basis.

Tax Income shall otherwise be defined as follows:

Tax Income means the income of Company (before deducting federal, state and local income taxes) for the applicable calendar year, determined by the independent certified public accountants of the Company in accordance with generally accepted accounting principles consistently applied. To the extent any period during the term hereof is not a complete calendar year, such bonus shall be paid pro rata for the balance of the incomplete period.

Tax Income means earnings (loss) from continuing operations before income taxes, as reported in the Employer’s audited financial statements prepared in accordance with generally accepted accounting principles.