Aggregate Tax Liability definition

Aggregate Tax Liability means the aggregate fair market value of the Initial Shares, as determined by the Company pursuant to Section 9.3, multiplied by the CEO’s actual federal and state income tax rates effective as of the Award Date as such rates shall be provided by the CEO and confirmed by the Company.
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Aggregate Tax Liability has the meaning set forth in Section 6.07(b).
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Aggregate Tax Liability as of any date, shall mean the product of (x) the sum of all Net Profits allocated to the CIM Member pursuant to Section 6.01 hereof on or prior to such date less the sum of all Net Losses allocated to the CIM Member pursuant to Section 6.01 hereof on or prior to such date multiplied by (y) the Tax Rate. Prior to any date on which the CIM Member is required to make payments of estimated federal, state or local income tax, the CIM Member may timely submit to the Company an estimate made in good faith of any such excess of the Aggregate Tax Liability over the aggregate distributions and be entitled promptly to receive the distribution to which the CIM Member is entitled pursuant to this Section 6.07(b). Each year, within thirty (30) days following the date on which the CIM Member files its annual tax returns, the CIM Member shall calculate its Aggregate Tax Liability for all periods ending on or before the period covered by such tax returns. In the event that the sum of (I) all Tax Distributions received by the CIM Member on or prior to the last day of the period covered by such tax returns that have not previously been repaid by the CIM Member or offset against amounts that would otherwise have been distributed to the CIM Member plus (II) all other distributions received by the CIM Member pursuant to Section 6.07(a) hereof on or prior to the last day of the period covered by such tax returns exceeds the amount of the CIM Member’s Aggregate Tax Liability for all such prior periods, the CIM Member shall promptly recontribute to the Company, in repayment of Tax Distributions, up to the amount of such excess.
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Examples of Aggregate Tax Liability in a sentence

  • Each year, within thirty (30) days following the date on which the CIM Member files its annual tax returns, the CIM Member shall calculate its Aggregate Tax Liability for all periods ending on or before the period covered by such tax returns.

  • For avoidance of doubt, the calculations of the Aggregate Tax Liability Amount and the Aggregate Liability Accrual Amount shall in each case include the effect of any amounts paid by Sellers or the relevant Company or Subsidiary, or any of their respective Affiliates, prior to the Closing in respect of the relevant Taxes (including, but not limited to, payments of estimated Taxes) to the extent reflected on a Return or taken into account in the calculation of Final Working Capital.

  • Prior to any date on which the General Partner is required to make payments of estimated federal, state or local income tax, the General Partner may timely submit an estimate made in good faith of any such excess of the Aggregate Tax Liability over the aggregate distributions and be entitled promptly to receive the distribution to which the General Partner is entitled pursuant to this Section 5.02(d).

  • Prior to any date on which the CIM Member is required to make payments of estimated federal, state or local income tax, the CIM Member may timely submit to the Company an estimate made in good faith of any such excess of the Aggregate Tax Liability over the aggregate distributions and be entitled promptly to receive the distribution to which the CIM Member is entitled pursuant to this Section 6.07(b).

  • Following the Company’s receipt of Executive’s accounting of the Annual Aggregate Tax Liability for any and all applicable calendar year tax years, the Tax Reimbursement Payment related to any Annual Aggregate Tax Liability for each applicable tax year (less any applicable withholding) shall be paid to Executive in a lump sum in calendar year 2025.

  • Each year, within thirty (30) days following the date on which the General Partner files its annual tax returns, the General Partner shall calculate its Aggregate Tax Liability for all periods ending on or before the period covered by such tax returns.