Equalization State definition

Equalization State means, at your election, either Massachusetts or Rhode Island or in the absence of an election by you within 30 days of the Commencement Date, Novelion Services may choose which of those two states will be your Equalization State.
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Examples of Equalization State in a sentence

  • Where your annual tax and social security obligation yields a higher total obligation than if your employment duties were solely performed in your Equalization State, Novelion Services will reimburse you for the difference.

  • Novelion Services intends that the income taxes and social security levies payable by you on all taxable employment income and related benefits, as prescribed by the applicable tax and social security laws, should be no better or worse than the personal taxes and social security levies you would have been required to pay on such amounts if your employment duties had been performed solely in your Equalization State.

  • Where your annual tax and social security obligations yields a lower total tax and social security impact than if your employment duties were solely performed in your Equalization State, you will reimburse Novelion Services for the difference.