Additional Tax Payment definition

Additional Tax Payment has the meaning set forth in Section 2.2(d).
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Additional Tax Payment has the meaning ascribed to such term in Clause 10(g).
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Additional Tax Payment means an amount, not less than zero, equal to the sum of (x) 85% of the increase in the Company’s Cumulative Realized Tax Benefit attributable to adjustments and other items described in Section 2.2(a) and (y) the Additional Interest Amount in respect of such adjustments and other items. Subject to Section 4.2(b), the “Additional Interest Amount” in respect of the adjustments and other items described in Section 2.2(a) shall equal the interest on 85% of the increase in the Cumulative Realized Tax Benefit, calculated at (x) the Agreed Rate for the Additional Tax Payment Interest Period I, compounded at the end of each calendar quarter, and (y) the Default Rate for the Additional Tax Payment Interest Period II, compounded at the end of each calendar quarter; provided, that the Agreed Rate shall be used for the Additional Tax Payment Interest Period II to the extent the Additional Tax Payment relates to a refund of Taxes resulting from a carryback of any Tax item. For any Determination or other item that applies just to a single year, the Subject Taxable Year for a related Additional Tax Payment shall be the year for which an adjustment or other item is made pursuant to the Determination or other item. For any Determination or other item that applies to multiple years, the Company shall determine, based on the adjustments made pursuant to the Determination or other item, an apportionment among Subject Taxable Years for such Additional Tax Payment.
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Examples of Additional Tax Payment in a sentence

  • However the Debtor is not obliged to increase the amounts to be paid to the Financing Parties up to a figure of the Additional Tax Payment if any Party of Financing has ceased to be the Acceptable Creditor by the date of any corresponding payment for any reason which has been not related to changes in the legislation.

  • For the convenience of Executive only, it is anticipated that such taxable reimbursements will be in an amount of approximately $55 per month (not including any Additional Tax Payment).

  • In the event a Member Tax Payment and Additional Tax Payment is required hereunder, the Company and each Member shall mutually agree upon an independent Certified Public Accountant to determine the amount of each Member Tax Payment and Additional Tax Payment.

  • The Additional Tax Payment under this Section 1.b. shall be made by the end of Executive’s taxable year following the year in which the related taxes are remitted to the taxing authorities in compliance with Section 409A of the Internal Revenue Code (the “Code”).

  • In the event payments made to Executive hereunder would constitute "excess parachute payments" under Section 280G of the Code and therefore be subject to the excise tax imposed pursuant to Section 4999 of the Code, the amount payable to Executive hereunder shall be increased to account for the application of such excise tax (the "Additional Tax Payments"), as well as for the impact of the imposition of such excise tax on the Additional Tax Payment.

  • Additionally, no later than the earlier of (i) three days prior to the due date or (ii) September 30, 2003, the Purchaser shall pay to the Seller the EME Additional Tax Payment.

  • The Additional Tax Payment shall also be reported as “wages” for federal income tax purposes at that time and the Company shall apply any applicable federal, state, and local income and employment tax withholdings.

  • In the event the Executive’s employment is terminated for any reason, the Taxable Benefits shall be reported as income and the Additional Tax Payment (as defined below) shall be made within 30 days following the end of the Employment Period.

  • The Additional Tax Payment and Additional Gross-Up Amount shall be paid to the Founders by the Company within 30 days following the date of this Agreement.

  • The Executive agrees to promptly provide the Company with such tax and other information as the Company may reasonably request to calculate the Additional Tax Payment.


More Definitions of Additional Tax Payment

Additional Tax Payment shall have the meaning ascribed thereto in Section 7(b) of this Agreement
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Additional Tax Payment. As defined in Section 4.2.1.
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Related to Additional Tax Payment

  • Additional Tax means in addition to Restaurant Tax. (C) “Additional Tax” means in addition to Commercial Lease. Review each City/Town for tax on Food for Home Consumption. (B) If you report under Hotel (Business code 044), this city has an Additional Hotel tax rate that must be applied and reported (Business Code 144). (D) Report amount due on materials purchased exempt from tax and incorporated into a Maintenance, Repair, Replacement or Alteration (MRRA) project. (E) When reporting for Short Term Motor Vehicle you must report Business Code 214 and 114 for this City.

  • 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).

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).