Applicable Income Taxes definition

Applicable Income Taxes means federal (including Federal Insurance Contributions Act ("FICA"), if applicable), state and local income taxes (using, in each case, the nominal tax rate in effect for the highest individual income tax bracket for the calendar year in which such taxes are determined, rather than the highest effective tax bracket rate after considering the phase- out of lower bracket rates, personal exemptions, deductions, tax preference items, etc.) that would have been payable by Employee if the Company paid the Employee the amount described in subparagraph 2(a)(i) above in the calendar year with respect to which the amount is deposited, provided, that federal income taxes shall be considered net of state and local income tax benefits.
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Applicable Income Taxes has the meaning set out in Section 6.9(a);
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Applicable Income Taxes for purposes of this Section 5.10(c), means, collectively, any U.S. Income Tax (including federal, state or local taxes) and/or non-U.S. income tax applicable to the Executive, but excludes any excise taxes, including without limitation, any excise tax payable pursuant to Section 280G.
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Examples of Applicable Income Taxes in a sentence

  • Applicable Income Taxes Income tax expense in 1999 was $39.4 million compared to $35.9 million in 1998 and $33.1 million in 1997.

  • RI-4, 5 Schedule RI-C -- Applicable Income Taxes by Taxing Authority ............

  • The Company agrees to reimburse you for the cost of any application to obtain a refund of Applicable Income Taxes and reasonable expenses in connection therewith, and additionally agrees to reimburse you for the cost of any audit arising in connection with the Discretionary Bonus or the Repayment Amount.

  • Schedule RI-C - Applicable Income Taxes by Taxing Authority I489 <- Schedule RI-C is to be reported with the December Report of Income.

  • RI-4, 5 Schedule RI-C -- Applicable Income Taxes by Taxing Authority.........

Related to Applicable Income Taxes

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

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

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

  • 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.

  • Available Income means the Up-MACRO Available Income or the Down-MACRO Available Income, as applicable.

  • 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.

  • 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.

  • 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.

  • 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.

  • Distributable Income means, for any period, the net income of Centurion Apartment REIT, including income earned from its proportionate interest under the Rollover Agreement and its applicable consolidated Subsidiaries for such period set out in its consolidated financial statements as determined in accordance with GAAP, subject to certain adjustments, including: (a) adding back the following items: depreciation, amortization (except for amortization of deferred financing costs, future income tax expense, losses on dispositions of assets and amortization of any net discount on long-term debt assumed from vendors of properties at rates of interest less than fair value); and (b) deducting the following items: future income tax credits, interest on convertible debentures to the extent not already deducted in computing net income, gains on dispositions of assets and amortization of any net premium on long- term debt assumed from vendors of properties at rates of interest greater than fair value and any other adjustments determined by the Trustees in their discretion.

  • Adjusted Nominal Amount means the Total Nominal Amount less the Nominal Amount of all Bonds owned by a Group Company or an Affiliate, irrespective of whether such person is directly registered as owner of such Bonds.

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.

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

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

  • Cash Taxes in respect of any fiscal period means amounts actually paid by the Companies in such fiscal period in respect of income and capital Taxes (whether relating to such fiscal period or any other fiscal period).

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.

  • Base Taxes means the Taxes payable for the Base Tax Year.

  • Consolidated Group Pro Rata Share means, with respect to any Investment Affiliate, the percentage of the total equity ownership interests held by the Consolidated Group in the aggregate, in such Investment Affiliate determined by calculating the greater of (i) the percentage of the issued and outstanding stock, partnership interests or membership interests in such Investment Affiliate held by the Consolidated Group in the aggregate and (ii) the percentage of the total book value of such Investment Affiliate that would be received by the Consolidated Group in the aggregate, upon liquidation of such Investment Affiliate, after repayment in full of all Indebtedness of such Investment Affiliate.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

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