Excise Tax definition

Excise Tax means the excise tax imposed by Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.

Excise Tax means the excise tax imposed by Section 4999 of the Code, and any interest or penalties incurred by Executive with respect to such excise tax.

Excise Tax means any excise tax imposed under section 4999 of the Code.

Examples of Excise Tax in a sentence

• Notwithstanding anything contained in this Agreement to the contrary, in the event that according to the determination, an Excise Tax will be imposed on any Payment or Payments, the Bank or its successor shall pay to the applicable government taxing authorities as Excise Tax withholding, the amount of the Excise Tax that the Bank has actually withheld from the Payment or Payments.

• Employee shall be entitled to a “Gross-Up Payment” under the terms and conditions set forth herein, and such payment shall include the Excise Tax reimbursement due pursuant to Section 7.05.3.a and any federal and state tax reimbursements due pursuant to Section 7.05.3.b.

• Purchases made for State of Texas use are exempt from the State Sales Tax and Federal Excise Tax.

• If Executive receives a Payment for which the Reduced Amount was determined pursuant to clause (x) above and the Internal Revenue Service determines thereafter that some portion of the Payment is subject to the Excise Tax, Executive agrees to promptly return to the Company a sufficient amount of the Payment (after reduction pursuant to clause (x) above) so that no portion of the remaining Payment is subject to the Excise Tax.

• Only if the amount calculated under (i) above is less than the amount under (ii) above will the Covered Payments be reduced to the minimum extent necessary to ensure that no portion of the Covered Payments is subject to the Excise Tax.

More Definitions of Excise Tax

Excise Tax means the excise tax imposed by Section 4999 of the Code, and any interest or penalties incurred by the Executive with respect to such excise tax.

Excise Tax has the meaning assigned thereto in Section 8(a) hereof.

Excise Tax shall have the meaning set forth in Paragraph 6(g)(i) hereof.

Excise Tax shall have the meaning set forth in Section 7.

Excise Tax has the meaning assigned to that term in Section 11.

Excise Tax means any excise tax imposed by Section 4999 of the Code, together with any interest and penalties imposed with respect thereto, or any interest or penalties are incurred by the Executive with respect to any such excise tax.

Excise Tax means the excise tax imposed by Section 4999 of the Code.