Definition of Tax Threshold


Tax Threshold means $25,000.
Sample 1

Examples of Tax Threshold in a sentence

On a quarterly basis or as otherwise agreed by the Parties, (i) Tyco shall prepare and deliver to ADT NA a schedule documenting the sum of all payments, Refunds or other amounts included in the most current determination of the Non-Income Tax Threshold Base Amount, and (ii) ADT NA shall prepare and deliver to Tyco a schedule documenting the sum of all payments, Refunds or other amounts included in the most current determination of the ADT Canada Non-Income Tax Threshold Base Amount.
A Club with a final Actual Club Payroll at or below the Tax Threshold shall incur no Compet- itive Balance Tax for that Contract Year.
Determination of Competitive Balance Tax (1) Calculation of Tax Except as specifically provided in Section B(3) below, a Club with a final Actual Club Payroll that exceeds the Tax Threshold applicable in that Contract Year ('Tax Threshold") shall be assessed a Competitive Balance Tax on the difference between its final Actu- al Club Payroll and the Tax Threshold.
For the avoidance of doubt, indemnification claims under Section 14.2 are subject to the Tax Threshold Amount as set forth in Section 12.7, but shall not be subject to the Threshold Amount, Maximum Amount or de minimis Amount.
During the 1997, 1998 and 1999 Contract Years, a Club with a final Actual Club Payroll that exceeds the Tax Threshold applicable in that Contract Year ("Applicable Tax Threshold") shall be assessed a Luxury Tax on the difference between its final Actual Club Payroll and the Applicable Tax Threshold.