Definition of Income Tax Withholding Amount


Income Tax Withholding Amount means an amount equal to the amount of Tax that the Purchaser, any member of the Purchaser Group or a Group Company is required by Law to account for to a Tax Authority in respect of any payment, or the issuance of Purchaser Stock or Milestone Consideration Loan Notes, contemplated by Schedule 7 (Milestone Consideration) (including, for the avoidance of doubt, any such Tax collected pursuant to the PAYE regime);
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Examples of Income Tax Withholding Amount in a sentence

The Purchaser shall procure that any Income Tax Withholding Amount and/or Employers NICs Liability which is deducted by way of set off pursuant to this paragraph 8.1 shall be paid to the relevant Tax Authority.
The Purchaser shall allocate the Income Tax Withholding Amount or Employers NICs liability to the relevant Vendors and the Vendors Representative and the Vendors agree to reasonably cooperate, upon request by the Purchaser, in connection with such allocation.
The Purchaser shall allocate the Income Tax Withholding Amount or Employer's NICs liability to the relevant Vendors and the Vendors' Representative and the Vendors agree to reasonably cooperate, upon request by the Purchaser, in connection with such allocation.
The Purchaser shall procure that any Income Tax Withholding Amount and/or Employer's NICs Liability which is deducted by way of set off pursuant to this paragraph 8.1 shall be paid to the relevant Tax Authority.