Tax overpayment definition

Tax overpayment means the amount of Virginia income tax paid by a claimant with respect to
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Tax overpayment means an amount of tax paid by a taxpayer in excess of the established amount of tax” (Paragraph 11 (wording of 22 December 2011) of Article 2);
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Examples of Tax overpayment in a sentence

  • In the event that your actual Parachute Tax liability is determined by a Final Determination to be less than the Parachute Tax liability taken into account for purposes of the Tax Gross-Up paid to you pursuant to this Section, then you will refund to the Company, promptly upon receipt, any federal or state tax refund attributable to the Parachute Tax overpayment.

  • In the event that Executive's actual Excise Tax liability is determined by a Final Determination to be less than the Excise Tax liability previously taken into account for purposes of the Tax Gross-Up paid to Executive pursuant to this Section 6, then Executive shall refund to the Company, promptly upon receipt, any federal or state tax refund attributable to the Excise Tax overpayment.

  • In the event that Executive's actual Excise Tax liability is determined by a Final Determination to be less than the Excise Tax liability previously taken into account for purposes of the Tax Gross-Up paid to Executive pursuant to this Section 10(e), then Executive shall refund to the Company, promptly upon receipt, any federal or state tax refund attributable to the Excise Tax overpayment.

  • In the event that the Executive’s actual Excise Tax liability is determined by the Internal Revenue Service to be less than the Excise Tax liability taken into account for purposes of the Tax Gross-Up paid to the Executive pursuant to the preceding provisions of this Paragraph 4.6, then the Executive shall refund to the Company, promptly upon receipt, any federal or state tax refund attributable to the Excise Tax overpayment.

  • In the event that ▇▇▇▇▇'▇ actual Parachute Tax liability ------ is determined by a Final Determination to be less than the Parachute Tax liability taken into account for purposes of the payments made to her pursuant to Sections 7.1.1 and 7.1.2, then ▇▇▇▇▇ shall refund to THC, promptly upon receipt, any federal or state tax refund attributable to the Parachute Tax overpayment.

  • In the event that the Executive’s actual Excise Tax liability is determined by a Final Determination to be less than the Excise Tax liability taken into account for purposes of any Gross-Up Payment initially made to the Executive pursuant to the provisions of Section 4.4(a), then the Executive shall refund to the Company, promptly upon receipt (but in no event later than ten (10) business days after such receipt), any federal or state tax refund attributable to the Excise Tax overpayment.

  • Speaker is a shareholder of 20/20 Laser Centers, Inc., a Maryland corporation ("20/20") as well as a holder of certain options to purchase stock in 20/20 (the "Options"), pursuant to that certain Stock Option Agreement between 20/20 and Speaker dated as of August 1, 1996 (the "Option Agreement").

  • In the event that Executive's actual Excise Tax liability is determined by a Final Determination to be less than the Excise Tax liability previously taken into account for purposes of the Tax Gross- Up paid to Executive pursuant to this Section 6, then Executive shall refund to the Company, promptly upon receipt, any federal or state tax refund attributable to the Excise Tax overpayment.

  • In the event that your actual Parachute Tax liability is determined by a Final IRS Determination to be less than the Parachute Tax liability taken into account for purposes of the Tax Gross-Up paid to you pursuant to this Section, then you shall refund to the Company, promptly upon receipt, any federal or state tax refund attributable to the Parachute Tax overpayment.

  • Any payments otherwise required to be made under this Section 12.1(d)(v) shall be reduced by the amount any Tax payable by the Buyer or its Affiliates with respect to the receipt of crediting of such Tax overpayment or interest thereon, and all costs reasonably incurred by the Buyer or its Affiliates in securing the refund or credit of such overpayment.

Related to Tax overpayment

  • Overpayment means payment in excess of the required fee. Overpayment of less than $10 received by the board shall not be refunded.

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Grant Agreement, including any unapproved expenditures. ▇▇▇▇▇▇▇ understands and agrees that it shall be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Grant Agreement. ▇▇▇▇▇▇▇ further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Grant Agreement.

  • Underpayment means any payment or portion of a payment not made to a provider for services delivered to eligible members according to the laws and rules applicable to the Medicaid program and to which the provider is entitled.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).