Income Tax. For purposes of this Section 7, the term "Income Tax" means any Tax based on or measured by gross or net income or receipts (other than sales, use, license or property Taxes or Taxes in the nature thereof) (including, without limitation, capital gains taxes, minimum taxes, income taxes collected by withholding and taxes on tax preference items), and Taxes which are capital, doing business, excess profits or net worth taxes and interest, additions to tax, penalties, or other charges in respect thereof.
Income Tax. During each taxation year, the participating employee's income tax liability shall be in accordance with the Income Tax Act and directives from Canada Revenue Agency. Similarly, the withholding tax deducted at source by the College shall be in accordance with the Income Tax Act and directives from Canada Revenue Agency.
Income Tax. Should any payment made pursuant to this Agreement be deemed by any taxing authority to constitute a taxable benefit or otherwise be or become subject to any tax or levy, then Nexen shall pay such greater amount as may be necessary to ensure that the amount received by or on behalf of the Indemnified Party after the payment of or withholding for such tax, is equal to the amount of the costs, charges, expenses or liability actually incurred by or on behalf of the Indemnified Party such that the Indemnified Party shall be indemnified for any and all such taxes.
Income Tax. Notwithstanding the foregoing, income tax shall be deducted in accordance with applicable legislation. Any employee entering the Plan will be subject to tax in each year of the Plan only on the amount of income actually received in the year. The interest referred to in "Wage Formula" Sections (ii) and (iv), when paid, will be viewed as normal remuneration in the hands of the employee and not as interest income, and the tax to be withheld by the Board shall be based on the amount actually paid to the employee.
Income Tax. You are solely responsible for any individual tax implications or benefits resulting from using your residence as an Alternate Worksite or any other aspect of Telework. The Commonwealth will not provide tax guidance, nor will the Commonwealth assume any additional tax liabilities. You are encouraged to consult with a qualified tax advisor to discuss tax implications.
Income Tax. The Tax Information Exchange Agreement (Taxes on Income) (Montserrat) Order 2005 Made *** At the Court at Buckingham Palace, the ** day of ** 2005 Present, The Queen’s Most Excellent Majesty in Council In accordance with the provisions of section 815C(3) of the Income and Corporation Taxes Act 1988(1) a draft of this Order was laid before, and approved by a resolution of, the House of Commons; Accordingly Her Majesty, in exercise of the power conferred upon Her by section 815C of the Act of 1988, and of all other powers enabling Her in that behalf, is pleased, by and with the advice of Her Privy Council, to order as follows:— Citation
Income Tax. 3.01 The University shall make the required deductions from the participant’s earnings during the deferral period. The deductions shall be computed based on the earnings for the applicable calendar year, less the deferred salary for that calendar year.
Income Tax. Executive shall be required to make arrangements satisfactory to the Company to satisfy any applicable federal, state or local tax liability arising with respect to the Restricted Stock. Such arrangements may be satisfied by either making a cash payment to the Company of the required amount or by having the Company retain Restricted Stock having a value equal to the amount of Executive's federal, state and local tax obligation from the shares of Restricted Stock otherwise deliverable to Executive upon the vesting of such Restricted Stock and expiration of the Holding Period. If Executive fails to satisfy the obligations in a time and manner satisfactory to the Company, the Company may withhold all required amounts from Executive's compensation or other amounts payable under this Agreement to satisfy such federal, state and local tax obligations. Executive shall be solely responsible for determining whether to make, and for making, any election under Section 83(b) of the Internal Revenue Code of 1986 (as amended) with respect to the Restricted Stock.
Income Tax. “Income Tax” means any Tax imposed by any Governmental Authority (a) based upon, measured by or calculated with respect to gross or net income, profits or receipts (including municipal gross receipt Taxes, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including corporate franchise Taxes) if one or more of such bases is described in clause (a), in each case together with any interest, penalties or additions attributable to such Tax.