Excise Tax definition

Excise Tax means the excise tax imposed by Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.

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Excise Tax means any excise tax imposed under Section 4999 of the Code.

Excise Tax has the meaning assigned thereto in Section 8(a) hereof.

Examples of Excise Tax in a sentence

All determinations regarding the application of this Section 9 shall be made by an independent accounting firm or consulting group with nationally recognized standing and substantial expertise and experience in performing calculations regarding the applicability of Section 280G of the Code and the Excise Tax retained by the Company prior to the date of the applicable change in ownership or control (the “280G Firm”).
If the amount calculated under (i) above is less than the amount calculated under (ii) above, then the Payments shall be limited to the extent necessary to avoid being subject to the Excise Tax (the “Reduced Amount”).
If the amount calculated under (i) above is less than the amount calculated under (ii) above, then the Payment shall be limited to the extent necessary to avoid being subject to the Excise Tax (the “Reduced Amount”).
As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Determination Firm hereunder, it is possible that Payments which the Executive was entitled to, but did not receive pursuant to Section 9(a), could have been made without the imposition of the Excise Tax (“Underpayment”), consistent with the calculations required to be made hereunder.
The determination of whether an Excise Tax would be imposed, the amount of such Excise Tax, and the calculation of the amounts referred to in Section 7(a)(i) and (ii) above shall be made by an independent, nationally recognized accounting firm or other nationally recognized entity that regularly performs such calculations for large publicly traded companies (the “Accounting Firm”) which shall provide detailed supporting calculations.

More Definitions of Excise Tax

Excise Tax shall have the meaning set forth in Paragraph 6(g)(i) hereof.

Excise Tax shall have the meaning set forth in Section 7.

Excise Tax means the excise tax on excess parachute payments under Section 4999 of the Code (or any successor or similar provision thereof), including any interest or penalties with respect to such excise tax.

Excise Tax has the meaning assigned to that term in Section 11.

Excise Tax shall have the meaning set forth in Section 13(b) hereof.

Excise Tax means the excise tax imposed by Section 4999 of the Code, together with any interest or penalties imposed with respect to such tax.

Excise Tax means the excise tax imposed by Section 4999 of the Code.