Employee Taxation definition

Employee Taxation means the amount of any income tax and/or employee social security contributions (or similar and/or equivalent) arising in any jurisdiction for which any Purchaser (or member of the Purchaser Group) becomes liable to account and/or pay to any Tax Authority, in connection with the acquisition, vesting, exercise, assignment or release of a Relevant Award and/or the payment of any benefit or the acquisition of shares in connection with a Relevant Award.

Employee Taxation means the amount for which any Group Company becomes liable to account to HM Revenue & Customs (or equivalent authority) under Pay As You Earn in respect of income tax and primary class 1 (employees’) national insurance contributions (or equivalent charges outside of the UK) together with any corresponding amount of interest or penalties.

Employee Taxation means all taxation (including without limitation pay-as-you-earn taxation or other deduction of tax at source and/or national insurance or other social security contributions (or equivalent)) payable by a Beneficiary by reason of any addition or contribution to the Trust Fund or the entitlement to or receipt of any benefit, distribution or transfer of assets under this Trust (but excluding capital gains or equivalent taxation), and which the relevant Group Company or the Trustee is obliged by applicable law to withhold;

Examples of Employee Taxation in a sentence

• Conforming Employee Taxation of Equity Compensation to GAAP Suppose a firm issues an option to an employee with grant date value of $1 million and that the option vests in four years.

• Employee Taxation Declarations vii Current Personal Injury andAccident Insurance Policyviii Maintains a current Public Liability Insurance Policyc.

• Student Employee Taxation: The Internal Revenue Service (IRS) excludes from Social Security and Medicare coverage services performed by students employed by a college or university provided the student is enrolled at least half-time and regularly attending classes.

• Employee Taxation on Contributions or Accruals U.S. citizens or resident aliens working in a foreign country for an employer not sponsoring a U.S. qualified plan, but covered by a U.S. affiliate’s qualified plan, will not be currently taxed in the United States on contributions under a defined contribution plan or on accruals under a defined benefit plan.

• Yours sincerelyA Smith Tax AdviserQUESTION 2Jack Johnson Powernut LtdUnit 2, Chains Road Trading Estate ChislehurstKent BR2 6YP Dear Jack, Employee Taxation John Smith Tax UnLtd2 Pound Street London SW1 3XJ6 May 2008Further to our meeting last week, I am now able to come back to you with advice on the various payroll related matters which we discussed.Company carThe provision of the company car will give rise to a taxable benefit of £3,315 chargeable on the managing director’s daughter.

More Definitions of Employee Taxation

Employee Taxation means the amount for which any member of the Group becomes liable to account to the UK Inland Revenue under Pay As You Earn ("PAYE") in respect of income tax chargeable under section 476 of ITEPA in respect of an Option Gain and primary Class 1 National Insurance contributions for which any member of the Group is so liable to account in respect of earnings or remuneration represented by an Option Gain;

Employee Taxation means the amount of income tax and primary Class 1 National Insurance contributions which an Employee is liable to pay and/or any member of the Group is liable to account for in respect of a Bonus;

Employee Taxation means the amount of income tax for which a Group Company becomes liable to account to HMRC under PAYE or equivalent overseas tax authorities under overseas payroll in respect of any Employment Income together with any Primary Class 1 Employee's National Insurance Contributions (or overseas equivalents, if applicable) for which any Group Company is liable to account to HMRC or equivalent overseas tax authorities in respect of that Employment Income;

Employee Taxation shall have the meaning set out in clause 18;

Employee Taxation means the amount of income tax and primary Class 1 National Insurance

Employee Taxation means the amount for which any Group Company becomes liable to account to a Tax Authority in respect of income tax and employees’ national insurance (including any payroll taxes incurred as a result of the steps contemplated by Clause 2) or other employee social security contributions or the equivalent in any relevant jurisdiction; “End Date” means the earlier of (i) the fifth anniversary of Closing; and (ii) the date falling one month after the date on which the SL Investor ceases to hold legal and/or beneficial interest in any Shares (directly or indirectly); “Escrow Agent” means the escrow agent pursuant to the Escrow Agreement; “Escrow Agreement” means the escrow agreement to be entered into between the Investor, the Company, the Managers and an escrow agent in connection with the escrow of the Shares held by the Managers; “Estimated Closing Statement” has the meaning given in the Merger Agreement; “Estimated Consideration” has the meaning given in the Merger Agreement; “Estimated FPAC Transaction Expenses” has the meaning given in the Merger Agreement; “Euro” or “€” means the lawful currency of certain participating member states of the European Union; “Euro Equity Value” means (a) the Consideration, less (b) an amount equal to all fees and expenses, advisory fees and other costs that are paid by or expected to be paid by the Seller Parties (as defined in the Merger Agreement) from Consideration received; “Exchange Rate” has the meaning given in the Merger Agreement;

Employee Taxation means any liability for Tax (as defined in the SPA) of or in respect of any Person which may arise in connection with the grant, vesting, exchange, surrender, disposal, transfer or sale of any Ordinary Shares including (without limitation) PAYE, income tax, National Insurance contributions or any other payroll tax or social security contributions and all withholdings of any nature as permitted by Law whatsoever charged, collected or administered by any Tax Authority (as defined in the SPA);