Taxable Benefit definition

Taxable Benefit. , in relation to an employee, means any benefit provided or made available, other than in the form of a payment of money, to the employee or to a person who is a member of the employee’s family or household.
Sample 1Sample 2Sample 3
Taxable Benefit means participation in certain health or welfare programs provided or sponsored by the County, insured or uninsured, now existing or hereafter adopted, described in the Materials, the cost of which will be treated by the County as includible in the gross income of the Participant pursuant to the Code as the same may be amended.
Sample 1Sample 2Sample 3
Taxable Benefit. , in relation to an employee, means any amount
Sample 1

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.


More Definitions of Taxable Benefit

Taxable Benefit. , in relation to an employee, means any benefit provided or made available, otherwise than in the form of a payment of money, to the employee or to a person who is, for the purposes of Chapter II of this Part, a member of his family or household;
Sample 1
Taxable Benefit. The Fair Market Value of a Share, on the date on which the Option is exercised by the Participant as reduced by the amount actually paid by, or recovered from the Participant in respect of such Share.”
Sample 1
Taxable Benefit means the employment income included in the calculation of an Eligible Canadian Optionee as a result of the exercise or disposition of an option. Generally, the Taxable Benefit resulting from the exercise of an option is equal to the amount by which (i) the fair market value of the Quest Software shares on the date of exercise exceeds (ii) the exercise price of such option, and the Taxable Benefit resulting from the disposition (other than the exercise) of an option is equal to the value of consideration received for the disposition.
Sample 1
Taxable Benefit means the amount by which the Market Price on the Purchase Date
Sample 1

Related to Taxable Benefit

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Taxable Bonds means Bonds of a Series which are not Tax Exempt Bonds.

  • Taxable value shall have the meaning assigned to such term in Section 1.04(10) of the TEXAS TAX CODE.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Tax Benefit means any refund, credit, or other reduction in otherwise required Tax payments.

  • Income means the following:

  • Taxable means either:

  • Taxable Date means the date as of which interest on the Bonds is first includible in gross income of the Owner (including, without limitation, any previous Owner) thereof as a result of an Event of Taxability.

  • Taxable Period means any taxable year or other period that is treated as a taxable year with respect to which any Tax may be imposed under any applicable statute, rule or regulation.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Consolidated Interest Income means, with respect to any period, total interest income of the Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP for such period.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Taxable REIT Subsidiary means, as to Host REIT and with regard to Host REIT’s taxable years commencing after December 31, 2000, any of Fernwood, Rockledge or any other TRS of Host REIT, and, as to any Subsidiary REIT, any TRS of such Subsidiary REIT.

  • Benefit means anything reasonably regarded as pecuniary gain or pecuniary advantage, including benefit to any other person in whose welfare the beneficiary has a direct and substantial interest.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Compensation means all base straight time gross earnings and commissions, but exclusive of payments for overtime, shift premium, incentive compensation, incentive payments, bonuses and other compensation.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • taxable person means any person who, independently, carries out in any place any economic activity, whatever the purpose or results of that activity.

  • Taxable Wage Base means the contribution and benefit base in effect under Section 230 of the Social Security Act at the beginning of the Plan Year.

  • Federal Income Tax means any Tax imposed by Subtitle A or F of the Code.