Further Tax definition

Further Tax means any further income tax and/or employee National Insurance contributions and/or any interest, penalties, costs and fines incurred by reason of any act and/or omission and/or delay on your part (but excluding any interest, penalties, costs and fines incurred by reason of any act and/or omission and/or delay on the part of the Company) which the Company and any Associated Body Corporate may incur in respect of this Agreement or your Employment Agreement other than in relation to the sums deducted by the Company under your Employment Agreement.
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Examples of Further Tax in a sentence

  • You agree to indemnify and keep indemnified the Company and any Associated Body Corporate in respect of any Further Tax provided that the Company will make no payment of such Further Tax without particulars of any such demand being given to you and you being given the opportunity at your own expense to dispute any such payment.

  • Further, Tax Dividends made to enable holders to pay estimated income taxes shall not exceed those amounts which the Company reasonably determines in good faith to be necessary to enable the holders to avoid the imposition of penalties in interest for the underpayment of estimated income taxes with respect to Taxable Income of the Company.

  • Following the Closing, any payment made pursuant to this ARTICLE X or pursuant to Section 7.09 (Further Tax Matters) shall be treated by the Parties, for federal Income Tax and other applicable Tax purposes, as an adjustment to the cash proceeds received by the Seller in the transactions contemplated by this Agreement.

  • No payment of Further Tax will be made to HMRC without particulars of any proposed payment being given to you and the Company will provide reasonable assistance if you wish to challenge the payment of any Further Tax.

Related to Further Tax

  • Further Taxes means any and all present or future taxes, levies, assessments, imposts, duties, deductions, fees, withholdings or similar charges (including, without limitation, net income taxes and franchise taxes), and all liabilities with respect thereto, imposed by any jurisdiction on account of amounts payable or paid pursuant to Section 3.01.

  • Other Tax means any Federal Other Tax, State Other Tax, or Foreign Other Tax.

  • Other Taxes means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document.

  • Indemnified Tax means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of a Credit Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes.

  • State Other Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, other than any State Income Taxes, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.