Definition of Tax Liability


Tax Liability means any Liability in respect of Taxes.


Tax Liability means the total of any income tax and primary class 1 (employee) NICs (or their equivalents in any jurisdiction) that any employer (or former employer) of Participant is liable to account for (or reasonably believes it is liable to account for) as a result of any Taxable Event; and any Employer NICs (or the equivalent in any jurisdiction) that any employer (or former employer) of Participant is liable to pay (or reasonably believes it is liable to pay) as a result of any Taxable Event and that can be recovered lawfully from Participant.

Tax Liability means the total of:

Examples of Tax Liability in a sentence

Optionee shall indemnify and keep indemnified the Company and any of its Subsidiaries from and against any Tax Liability.
The Company shall have the right at the time of exercise of any Stock Option, the grant of an Award, or the lapse of restrictions on Award Shares, to make adequate provision for any federal, state, local or foreign taxes which it believes are or may be required by law to be withheld with respect to such exercise (the "Tax Liability"), to ensure the payment of any such Tax Liability.
Participant shall indemnify and keep indemnified the Company and any of its Affiliates from and against any Tax Liability.
Optionee shall, if required by the Administrator, enter into an election with the Company or a Subsidiary (in a form approved by the Company) under which any liability to the Companys (or a Subsidiarys) Tax Liability, including, but not limited to, National Insurance Contributions (NICs) and the Fringe Benefit Tax (FBT), is transferred to and met by Optionee.
Regardless of the Company or Subsidiaries' actions in this regard, the Participant hereby acknowledges and agrees that the Tax Liability shall be the Participant's sole responsibility and liability.



More definitions of Tax Liability

Tax Liability means, in respect of any Senior Finance Party: