Additional Income Taxes definition

Additional Income Taxes has the meaning set forth in Section 3.06(b).
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Additional Income Taxes means the amount of additional income Taxes that the shareholder of Seller (or, if the shareholder of Seller is not a taxpayer, the grantor or owner of the shareholder of Seller that is treated as a taxpayer for income Tax purposes) is obligated to pay as a result of Seller selling interests in the Company rather than the shareholder of Seller selling the stock of Seller (without an election under Section 338(h)(10) of the Code). All such amounts shall be computed assuming that Seller is taxed as an S corporation and the Company is treated as a disregarded entity. For the avoidance of doubt, the Additional Income Taxes shall not include any California franchise Taxes of Seller and such Taxes shall be governed by S ection 5.10(g).
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Examples of Additional Income Taxes in a sentence

  • ARTICLE XVI Withholding of Additional Income Taxes Upon the exercise of a Non-Qualified Option or the making of a Disqualifying Disposition (as defined in Article XVI) the Corporation, in accordance with Section 3402(a) of the Code, may require the optionee to pay additional withholding taxes in respect of the amount that is considered compensation includible in such person's gross income.

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  • ARTICLE XVI Withholding of Additional Income Taxes Upon the exercise of a Non-Qualified Option or the making of a Disqualifying Disposition (as defined in Article XVII) the Corporation, in accordance with Section 3402(a) of the Code, may require the optionee to pay additional withholding taxes in respect of the amount that is considered compensation includible in such person's gross income.

  • If Seller does not object within fifteen (15) days to the calculations, Purchaser’s calculations of the Additional Income Taxes and the Additional Purchase Price Amount shall be final and binding on the parties.

  • Appendix 1 for the full cites and complete names for abbreviations.Comment 8: Whether Additional Income Taxes Paid by Marmen during the POI on the Previous Year’s GASPÉTC Should Be Deducted from Marmen’s POI GASPÉTC BenefitComment 9: Tax credit for On-The-Job Training II.

  • Within thirty (30) days of the final determination of the Purchase Price Allocation Schedule, Seller shall provide to Purchaser, for Purchaser’s review and comment, a schedule setting forth the computation of the Additional Income Taxes and the Additional Purchase Price Amount, including sufficient supporting information to allow Purchaser to confirm such calculation.

  • ARTICLE XV Withholding of Additional Income Taxes Upon the exercise of a Non-Qualified Option the Corporation, in accordance with Section 3402(a) of the Code, may require the optionee to pay additional withholding taxes in respect of the amount that is considered compensation includible in such person's gross income.

  • Pro Forma Provision for Additional Income Taxes There was no pro forma provision for additional income taxes in 1997.

  • If the Additional Income Taxes and the Additional Purchase Price Amount are finalized pursuant to Section 5.10(f)(vi) prior to March 15, 2015, Purchaser shall pay to Seller the amount of the Additional Income Taxes and the Additional Purchase Price Amount within (10) ten days of such finalization.

  • If Seller timely disputes Purchaser’s calculations, the parties shall use reasonableefforts to resolve such dispute; provided, however, that if they are unable to do so within thirty (30) days following Seller’s notice to Purchaser that it disagrees with Purchaser’s calculations of Additional Income Taxes and the Additional Purchase Price Amount, then the parties shall retain the Arbitration Firm to resolve their dispute in accordance with S ection 1.6(b) hereof.

Related to Additional Income Taxes

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Incremental Income Taxes is defined in Section 6.9.

  • Applicable Withholding Taxes means the minimum aggregate amount of federal, state and local income and payroll taxes that the Company is required by applicable law to withhold in connection with any Incentive Award.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  • Unpaid income tax means income tax due but not paid by the date the income tax is required to be paid under applicable law.

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Additional Taxes means taxes, duties or other governmental charges imposed on the Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities).

  • Federal Income Tax means any Tax imposed by Subtitle A of the Code, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Payroll Taxes means State Unemployment Insurance (“SUI”), Federal Unemployment Insurance (“FUI”) and payments pursuant to the Federal Insurance Contributions Act (“FICA”).

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • U.S. Taxes means any present or future tax, assessment or other charge or levy imposed by or on behalf of the United States of America or any taxing authority thereof or therein.

  • Incremental income tax means the total amount withheld

  • Sales Taxes means any sales, use, consumption, goods and services, value added or similar tax, duty or charge imposed pursuant to Applicable Law.

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • Tax Costs which shall mean any and all real estate taxes and other similar charges on real property or improvements, assessments, water and sewer charges, and all other charges assessed, reassessed or levied upon the Project and appurtenances thereto and the parking or other facilities thereof, or the real property thereunder (collectively the "Real Property") or attributable thereto or on the rents, issues, profits or income received or derived therefrom which are assessed, reassessed or levied by the United States, the State of California or any local government authority or agency or any political subdivision thereof, and shall include Landlord's reasonable legal fees, costs and disbursements incurred in connection with proceedings for reduction of Tax Costs or any part thereof; provided, however, if at any time after the date of this Lease the methods of taxation now prevailing shall be altered so that in lieu of or as a supplement to or a substitute for the whole or any part of any Tax Costs, there shall be assessed, reassessed or levied (a) a tax, assessment, reassessment, levy, imposition or charge wholly or partially as a net income, capital or franchise levy or otherwise on the rents, issues, profits or income derived therefrom, or (b) a tax, assessment, reassessment, levy (including but not limited to any municipal, state or federal levy), imposition or charge measured by or based in whole or in part upon the Real Property and imposed upon Landlord, then except to the extent such items are payable by Tenant under Article 6 below, such taxes, assessments, reassessments or levies or the part thereof so measured or based, shall be deemed to be included in the term "Direct Costs." In no event shall Tax Costs included in Direct Costs for any year subsequent to the Base Year be less than the amount of Tax Costs included in Direct Costs for the Base Year. In addition, when calculating Tax Costs for the Base Year, special assessments shall only be deemed included in Tax Costs for the Base Year to the extent that such special assessments are included in Tax Costs for the applicable subsequent calendar year during the Term.

  • Withholding Taxes means any taxes, including, but not limited to, social security and Medicare taxes and federal, state and local income taxes, required to be withheld under any applicable law.

  • Transaction Tax Deductions means any Tax deductions relating to (i) the Company Transaction Expenses, and (ii) repayment of the Indebtedness, including any unamortized deferred financing fees in connection with the Indebtedness.

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

  • Indirect Taxes means value added taxes, sales taxes, consumption taxes and other similar taxes.

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