Examples of Taxable Benefit in a sentence
The Tax Reimbursement Payment attributable to a Taxable Benefit shall be paid to the Participant not more than thirty (30) days following the incurrence of the FICA Tax.
With respect to any amount includible in the Executive's gross income for federal income tax purposes (the "Taxable Benefit"), an amount in cash equal to (i) the product of the Highest Marginal Income Tax Rate and the Taxable Benefit, (ii) divided by one minus the Highest Marginal Income Tax Rate.
Exercise or Disposition (other than on replacement for New Canadian Option) of Amended Canadian Options Upon the exercise or disposition (other than in the case of the replacement of the Amended Canadian Option for New Canadian Options pursuant to this Offer discussed below) of your Amended Canadian Option, you will be required to include the Taxable Benefit, if any, in the calculation of your employment income.
The Gross Up Payment shall be paid within ten (10) days of the payment or realization for federal income tax purposes of the Taxable Benefit.
Exercise or Disposition of New Canadian Options Upon the exercise or disposition of your New Canadian Option, you will be required to include the Taxable Benefit, if any, in the calculation of your employment income.
In addition, there is no clear mechanism in the Canadian Tax Act to reduce the Taxable Benefit realized on the exercise or disposition of your Amended Canadian Option (in a taxation year subsequent to the year in which the amendment to the Eligible Canadian Option occurred) to take into account any amount that may already have been included in your income upon the amendment of the Eligible Canadian Options in a previous taxation year (described above under “Amendment of Eligible Canadian Options”).
Conversely, if the Adjusted Canadian Exercise Price of your Amended Canadian Option is less than the fair market value of our common stock on the Expiration Date, you will not likely be entitled to benefit from the Tax Deduction against the Taxable Benefit realized on the exercise or disposition (other than in the case of the replacement of the Amended Canadian Option for New Canadian Options pursuant to this Offer) of your Amended Canadian Option.
Note: The cost of this additional insurance is a Taxable Benefit, payable by the individual, (but paying tax in this way avoids it becoming payable on payment of the Death in Service benefit, as would be the case if the individual does not pay tax).
Table of ContentsWhen an option holder exercises or disposes of an option, the amount by which (i) the fair market value of the shares subject to the option on the date of exercise exceeds (ii) the exercise price of the option, will be a “Taxable Benefit.” When an option holder disposes (other than upon exercise) of an option, the amount equal to the value of the consideration received for the disposition will be a Taxable Benefit.
Amounts charged from the travel bank will be considered imputed income and will be considered a Taxable Benefit.