Personal Holding Company definition

Personal Holding Company means a personal holding Company that is either wholly owned, or controlled by, any director, executive officer, employee or Consultant of the Company or its Affiliates, and the shares of which are held directly or indirectly by any such person or the person s spouse, minor children and/or minor grandchildren;

Personal Holding Company means a company of which 100% of the voting shares are beneficially owned, directly or indirectly, by a director, officer or employee of, or consultant to, the Corporation or its Subsidiaries and such entity shall be bound by the Plan in the same manner as if the Options were held directly;

Personal Holding Company means a personal holding corporation that is either wholly owned, or controlled by, the Participant, and the shares of which are held directly or indirectly by any of the Participant or the Participant’s spouse, minor children and/or minor grandchildren;

Examples of Personal Holding Company in a sentence

• The Depositary shall not incur any liability for any tax consequences that may be incurred by Holders and Beneficial Owners on account of their ownership of the ADSs, including without limitation, tax consequences resulting from the Company (or any of its subsidiaries) being treated as a "Foreign Personal Holding Company," or as a "Passive Foreign Investment Company" (in each case as defined in the U.S. Internal Revenue Code and the regulations issued thereunder) or otherwise.

• The Depositary shall not incur any liability for any tax consequences that may be incurred by Holders and Beneficial Owners on account of their ownership of the American Depositary Shares, including without limitation, tax consequences resulting from the Company (or any of its subsidiaries) being treated as a "Foreign Personal Holding Company," or as a "Passive Foreign Investment Company" (in each case as defined in the U.S. Internal Revenue Code and the regulations issued thereunder) or otherwise.

• Country A Trust, Private Investment Company (PIC) or Personal Holding Company formed outside of Canada or the USA is any legal arrangement or entity created for holding personal assets, formed in certain jurisdictions outside of Canada or the USA.

• Notwithstanding the foregoing, in the event of termination for cause, such Option (including an Option held by a Participant’s Personal Holding Company) shall expire and terminate immediately at the time of delivery of notice of termination of employment for cause to the Participant by the Corporation or a Subsidiary and shall be of no further force or effect whatsoever as to the Common Shares in respect of which an Option has not previously been exercised.

• Line 4, Personal Holding Company (PHC) tax: Report the PHC tax of 12.6%, apportioned if appropriate.

• A major type of taxable Subpart F offshore income is referred to in the tax code as Foreign Personal Holding Company Income (FPHC).55 It consists of passive income such as dividends, royalties, rents and interest.56 One example of FPHC income that is taxable under Subpart F is a dividend payment made from a lower tiered to a higher tiered CFC.

• TheC.F.C. rules are designed to discourage the retention of earnings at the level of theC.F.C. Instead of deferral of tax, the C.F.C. rules force a U.S. shareholder owning 10% or more of the voting stock to include in a U.S. tax return the earnings generated from Subpart F Income, typically Foreign Base Company Sales Income and Foreign Personal Holding Company Income.

• If the corporation is a Personal Holding Company (PHC), the corporation must calculate its tax on Schedule D using the graduated rates in addition to the 12.6% add-on tax that is reported on Schedule E, line 4.

• Clubs entitled to more than one vote shall tender those votes as a block.

• Apple’s Offshore Distribution Structure AppleHolding Company (AOI)Foreign Personal Holding Company IncomeDividendsDividendsForeign Base Company Sales IncomeGoodsConsumers Offshore Distribution SubsidiariesIreland/ Singapore Apple Sales Int’lIrelandAOE Third Party MFRChina Source: Prepared by Subcommittee based on interviews with Apple employees 128 Information supplied to Subcommittee by Apple, APL-PSI-000386.129 IRC Section 954(d).130 IRC Section 954(c).

More Definitions of Personal Holding Company

Personal Holding Company means a personal holding Company that is either wholly owned, or controlled by, any director, executive officer, employee or Consultant of the Company or its Affiliates, and the shares of which are held

Personal Holding Company means a personal holding corporation that is either wholly owned, or controlled by, the Optionee, and the shares of which are held directly or indirectly by any of the Optionee or the Optionee’s spouse, minor children and/or minor grandchildren;

Personal Holding Company means a company of which is wholly owned directly by a director, officer or employee of, or consultant to, the Corporation or its Subsidiaries;

Personal Holding Company. — means, in relation to a Service Provider, a body corporate, the issued and outstanding voting securities of which are beneficially owned, directly or indirectly, by the Service Provider and/or the spouse, children and/or grandchildren of the Service Provider.

Personal Holding Company means a corporation controlled by an Eligible Person, the shares of which are owned, directly or indirectly, by such Eligible Person, and/or the spouse, minor children and/or minor grandchildren of such Eligible Person;