Federal Income Tax Benefit definition

Federal Income Tax Benefit means any Tax Benefit with respect to any Federal Income Tax.
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Federal Income Tax Benefit means, with respect to any Carryback Period, the amount determined under Section 5.5(a) of this Agreement.
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Examples of Federal Income Tax Benefit in a sentence

  • In doing so, the amount of any Federal Income Tax Benefit or cost for the taxable period in which the payment is to be made will be based on the indemnified party's best estimate of such amount, which estimate shall be in writing (an "Adjustment Estimate Notice") and shall include an explanation, in reasonable detail, of the facts and assumptions underlying such estimate.

  • In certificates of deposit or passbook type accounts issued by a state or national bank, mutual savings bank or savings and loan association.

  • The Federal Income Tax Benefit of a carryback of a Tax Asset shall be considered equal to the greater of (1) the increase in the amount Hewlett-Packard would have paid Agilent or (2) the decrease in the amount Agilent would have paid Hewlett-Packard had the amount of such Tax Asset applied to the Carryback Period arisen in such Carryback Period and the provisions of Section 3 of this Agreement applied to such period.

  • The Federal Income Tax Benefit of a carryback of a Tax Asset shall be considered equal to the greater of (1) the increase in the amount Hewlett- Packard would have paid Agilent or (2) the decrease in the amount Agilent would have paid Hewlett-Packard had the amount of such Tax Asset applied to the Carryback Period arisen in such Carryback Period and the provisions of Sections 3 and 4 of this Agreement applied to such period.

  • National Academy of Sciences (2005) Getting up to Speed the Future of the Future of Supercomputing.

  • STATEMENT OF INCOME (IN THOUSANDS) From Inception, April 15, 1998 Year Ended Until September 30, September 30, ------------- ------------- 1999 1998 ---- ---- REVENUE Interest Income $ 423 $ 337 Equity in Earnings of Columbia Federal Savings Bank 878 334 ------ ------ Total Revenue 1,301 671 GENERAL AND ADMINISTRATIVE EXPENSES 644 373 ------ ------ Net Income Before Income Taxes 657 298 Federal Income Tax Benefit 138 46 ------ ------ NET INCOME $ 795 $ 344 ====== ====== COLUMBIA FINANCIAL OF KENTUCKY, INC.

  • Hewlett-Packard agrees to pay to Agilent the ---------- Federal Income Tax Benefit from the use in any Pre-Spinoff Period (the "Carryback Period") of a carryback of any Tax Asset of the Agilent Group from a Post-Distribution Period; provided, however, that if such carryback permanently -------- ------- prevents Hewlett-Packard from using a Tax Asset, Agilent shall reimburse Hewlett-Packard for such payment.

Related to Federal Income Tax Benefit

  • Federal Income Tax means any Tax imposed by Subtitle A of the Code, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Tax Benefit means any refund, credit, or other reduction in otherwise required Tax payments.

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • Tax Benefits means the net operating loss carryovers, capital loss carryovers, general business credit carryovers, alternative minimum tax credit carryovers, foreign tax credit carryovers, any loss or deduction attributable to a “net unrealized built-in loss” within the meaning of Section 382 of the Code, and the Treasury Regulations promulgated thereunder, of the Company or any of its Subsidiaries.