Net Amount Payable definition
Net Amount Payable. ’ shall mean amount eligible to the contractor after deducting all applicable statutory recoveries like Income tax, cess etc. and all other recoveries applicable under ambit of the contract as the case may be.
Net Amount Payable means the gross amount payable to a Participant by the Company or other Employer absent a deferral election under this Plan minus all amounts to be deducted from the gross amount other than income tax withholding, amounts deferred under a cash or deferred arrangement subject to Section 401(k) of the Internal Revenue Code and deferrals under this Plan.
Net Amount Payable is defined in Section 3.2 of the Purchase Agreement.
Examples of Net Amount Payable in a sentence
On the Delivery Date, subject to receipt of the payment of the Net Amount Payable and executed Purchaser’s Acceptance Certificate substantially in the form of Exhibit C (the “Purchaser’s Acceptance Certificate”) from the Purchaser by LATAM, LATAM shall procure that Seller delivers to Purchaser the ▇▇▇▇ of Sale substantially in the form of Exhibit A to this Purchase Agreement (the “▇▇▇▇ of Sale”) whereby title to the Aircraft shall be conveyed to the Purchaser.
More Definitions of Net Amount Payable
Net Amount Payable means the amount that otherwise would be payable in cash to a Participant absent a deferral election under Section 3.2.