Tax Track definition

Tax Track means one of the three tax tracks described under Section 102, specifically: (1) the “Capital Gains Track Through a Trustee”; (2) “Income Tax Track Through a Trustee”; or (3) the “Income Tax Track Without a Trustee”; each as defined in Sections 11.1-11.2 of this Plan, respectively.

Tax Track means one of the tax tracks described under Section 102.

Tax Track means one of the three tax tracks described under Section 102, specifically: (1) the Capital Gains Track Through a Trustee; (2) Earned Income Track; or (3) the Income Tax Track Without a Trustee.

Examples of Tax Track in a sentence

• The terms and conditions applicable to the trust relating to the Tax Track selected by the Company, as appropriate, shall be set forth in an agreement signed by the Company and the Trustee (the “Trust Agreement”).

• Such Additional Rights shall be treated in accordance with the provisions of the applicable Tax Track.

• However, upon exercise of Options under this Tax Track, the Trustee shall hold such Underlying Shares for the benefit of the Israeli Participant in accordance with the provisions of Section 15 of this Plan.

• The Company shall notify each Participant in the Grant Letter, under which Tax Provision the Options are Granted and, if applicable, under which Section 102 Tax Track, each Option is Granted.

• This hotel will include 115 guest rooms, a business center, meeting rooms, and more.

More Definitions of Tax Track

Tax Track means one of the five tax tracks described in sections 7.1-7.5 to this Plan, including one of the three Section 102 Tax Tracks.

Tax Track means one of the three tax tracks described under Section 102, specifically: (i) the 102 Capital Gains Track; (ii) the 102 Ordinary Income Track; or (iii) the 102 Non-Trustee Track.

Tax Track means the capital gain route under section 102 of the Ordinance or any similar specification under applicable Law.

Tax Track means one of the three tax tracks described under Section 102, specifically: (1) the “Capital Gains Track Through a Trustee”; (2) “Income Tax Track Through a Trustee”; or (3) the “Income Tax Track Without a Trustee”; each as defined in Sections 11.1-11.3 of this Plan, respectively. “Tax Provision” means, with respect to the Grant of Awards, the provisions of one of the three Tax Tracks in Section 102, or the provisions of 3(i). “Term of the Awards” means, with respect to granted but unexercised Awards, the time period set forth in Section 9 below. “Trustee” means a Trustee appointed by the Company in accordance with Section 102 to hold in trust, Granted Awards, and the Underlying Shares, as the case may be, on behalf of Participants. “Underlying Shares” means Shares issued as Award, or to be issued upon exercise of Granted Awards all in accordance with the Plan. “Vesting” or “vesting” and any words ofsimilar import means any terms and conditions determined in the Award Letter which must be fulfilled in order for an Option tobecome Exercisable or an Award to vest or be issued.

Tax Track. - means the capital gain tax track by a trustee, as set out in Section 102.

Tax Track means either Capital Gain Award (CGA), or Ordinary Income Award (OIA), or Unapproved 102 Award, or 3(i) Option.

Tax Track means one of the three tax tracks described in Section 102.