Taxation Implications Sample Clauses

Taxation Implications. The parties to this agreement acknowledge that the Employee’s remuneration entitlement has been calculated on the basis that:
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Taxation Implications. There may be other taxation implications affecting You, depending upon Your own circumstances. We recommend that You seek independent professional advice. POLICY TERMS AND CONDITIONS Words with special meanings Some key words and terms used in this Policy have a special meaning as set out below: Word or term Meaning Accident/Accidental An incident that is unforeseen and unintended and that causes loss or Damage. This includes a series of Accidents arising out of the one event. Damage Any form of physical harm to the Vessel but does not include wear and tear or anything that was present before this Policy came into force. Excess An Excess is the amount of any claim which must be paid by You. If an Excess is applicable to any Sections of Your Policy the amount will be shown either on Your Policy Schedule or within this Policy document. This amount shall be deducted from the amount payable on each claim. Family Includes Your spouse or partner, the children, parents or other relatives of You or Your spouse or partner who live permanently with You. Hull The shell of the Vessel, deck, fixtures and fittings on deck or below deck that are not normally removable and would be normally sold with the Vessel. Please also refer to the Section ‘What is not coveredLegal liability Your legal responsibility arising out of the use of the Vessel to pay compensation for death, injury or Damage to Third Parties or their property. This responsibility only arises if You have done something wrong or You are at fault. Note: Refer to the Sections ‘What You are not covered for – Legal liability’ and ‘When You are not covered’. Omission A failure to act and includes a failure to do or say something. Period of insurance The period for which the cover under Your Policy is in force. You will find this Period of insurance set out in Your Policy Schedule. Permanent total disablement Means You have been unable to carry out any occupation for which You are fitted by reason of Your education, training or experience for a period of at least 12 consecutive months and You remain unable to do so for a continuous indefinite period solely and directly as a result of the injury. Personal effects As listed below: • clothing • waterproof gear, bags • food or beverage coolers • shoes • wallets or purses excluding cash and credit cardstoilet articles • hats or caps • keys or pens • portable MP3 players. Please also refer to the Section ‘What is not covered’. Policy Schedule The most recent document...
Taxation Implications. Scholarships are tax exempt (for organisation and student) and should be primarily for education and not for labour. • The Australian Taxation Office guidelines prohibit the inclusion of conditions in the Scholarship Agreement that require recipients to undertake continued or future employment with the organisation. Should this be the case the arrangement can not be considered a scholarship and the student will not be eligible for tax exemption for their payment. • The University of Wollongong cannot enforce an employment relationship pertaining to Oak Flats Community Bank and/or the student as part of the Agreement. • Any direct payments to students for work are between Oak Flats Community Bank and the student and are separate from this scholarship.
Taxation Implications. 6.2.1 Mission Australia and the employee acknowledge that remuneration entitlements have been calculated on the basis that Mission Australia is a Public Benevolent Institution (PBI) and exempt from Fringe Benefits Tax up to the capped amount per employee. The employee acknowledges that any fringe benefits provided through the Mission Australia Fringe Benefits Scheme may be classified as reportable fringe benefits and as such may appear on the employee's payment summary (nee group certificate). The employee is responsible for seeking financial advice regarding Fringe Benefits.
Taxation Implications. 13.1 Interest earned on the Account is taxable. As the circumstances of each customer are different, we encourage you to seek independent tax advice.

Related to Taxation Implications

  • Tax Implications Without limitation, we do not accept liability for any adverse tax implications of any Transaction whatsoever.

  • FINANCIAL IMPLICATIONS There are no budget implications. The applicant will be responsible for all costs, expenses, liabilities and obligations imposed under or incurred in order to satisfy the terms of this proposed development agreement. The administration of the proposed development agreement can be carried out within the approved 2019- 2020 budget and with existing resources.

  • Illegal or Unauthorized Payments; Political Contributions Neither the Company nor any of its Subsidiaries nor, to the best of the Company’s knowledge (after reasonable inquiry of its officers and directors), any of the officers, directors, employees, agents or other representatives of the Company or any of its Subsidiaries or any other business entity or enterprise with which the Company or any Subsidiary is or has been affiliated or associated, has, directly or indirectly, made or authorized any payment, contribution or gift of money, property, or services, whether or not in contravention of applicable law, (i) as a kickback or bribe to any Person or (ii) to any political organization, or the holder of or any aspirant to any elective or appointive public office except for personal political contributions not involving the direct or indirect use of funds of the Company or any of its Subsidiaries.

  • Adverse Tax Consequences Notwithstanding anything to the contrary in this Agreement, the General Partner shall have the authority (but shall not be required) to take any steps it determines are necessary or appropriate in its sole and absolute discretion to prevent the Partnership from being taxable as a corporation for Federal income tax purposes. In addition, except with the Consent of the General Partner, no Transfer by a Limited Partner of its Partnership Interests (including any Redemption, any conversion of LTIP Units into Partnership Common Units, any other acquisition of Partnership Units by the General Partner or any acquisition of Partnership Units by the Partnership) may be made to or by any Person if such Transfer could (i) result in the Partnership being treated as an association taxable as a corporation; (ii) result in a termination of the Partnership under Code Section 708; (iii) be treated as effectuated through an “established securities market” or a “secondary market (or the substantial equivalent thereof)” within the meaning of Code Section 7704 and the Regulations promulgated thereunder, (iv) result in the Partnership being unable to qualify for one or more of the “safe harbors” set forth in Regulations Section 1.7704-1 (or such other guidance subsequently published by the IRS setting forth safe harbors under which interests will not be treated as “readily tradable on a secondary market (or the substantial equivalent thereof)” within the meaning of Section 7704 of the Code) (the “Safe Harbors”) or (v) based on the advice of counsel to the Partnership or the General Partner, adversely affect the ability of the General Partner to continue to qualify as a REIT or subject the General Partner to any additional taxes under Code Section 857 or Code Section 4981.

  • Income Tax Characterization For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer will, and each Noteholder by such Noteholder’s acceptance of any such Notes (and each Person who acquires an interest in any Notes through such Noteholder, by the acceptance by such Person of an interest in the applicable Notes) agrees to, treat the Notes that are characterized as indebtedness at the time of their issuance, and hereby instructs the Issuer to treat such Notes, as indebtedness for federal, state and other tax reporting purposes. Each Noteholder agrees that it will cause any Person acquiring an interest in a Note through it to comply with this Indenture as to treatment as indebtedness under applicable tax law, as described in this Section 3.21. The Notes will be issued with the intention that, for federal, state and local income and franchise tax purposes the Trust shall not be treated as an association or publicly traded partnership taxable as a corporation. The parties hereto agree that they shall not cause or permit the making, as applicable, of any election under Treasury Regulation Section 301.7701-3 (or any successor provision) whereby the Trust or any portion thereof would be treated as a corporation for federal income tax purposes. The provisions of this Indenture shall be construed in furtherance of the foregoing intended tax treatment.

  • Additional Tax Matters (i) The Company and each of its Subsidiaries shall cooperate, and, to the extent within its control, shall cause its respective Affiliates, directors, officers, employees, contractors, consultants, agents, auditors and representatives reasonably to cooperate, with Parent in all tax matters, including by maintaining and making available to Parent and its Affiliates all books and records relating to taxes.

  • Tax Examinations Abroad 1. A Contracting Party may allow representatives of the competent authority of the other Contracting Party to enter the territory of the first-mentioned Party to interview individuals and examine records with the written consent of the persons concerned. The competent authority of the second-mentioned Party shall notify the competent authority of the first-mentioned Party of the time and place of the meeting with the individuals concerned.

  • No Legal, Tax or Investment Advice The Purchaser understands that nothing in the Purchase Agreement or any other materials presented to the Purchaser in connection with the purchase and sale of the Securities constitutes legal, tax or investment advice. The Purchaser has consulted such legal, tax and investment advisors as it, in its sole discretion, has deemed necessary or appropriate in connection with its purchase of the Securities.

  • Tax Characterization Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federal, state and local income and franchise tax purposes, the Series 2009-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 2009-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

  • Withholding; Tax Effect All payments made by the Company to the Executive under this Agreement shall be net of any tax or other amounts required to be withheld by the Company under applicable law. Nothing in this Agreement shall be construed to require the Company to make any payments to compensate the Executive for any adverse tax effect associated with any payments or benefits or for any deduction or withholding from any payment or benefit.

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