Taxable Benefit definition

Taxable Benefit. , in relation to an employee, means any benefit provided or made available, other than in the form of a payment of money, to the employee or to a person who is a member of the employee’s family or household.
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Taxable Benefit means participation in certain health or welfare programs provided or sponsored by the County, insured or uninsured, now existing or hereafter adopted, described in the Materials, the cost of which will be treated by the County as includible in the gross income of the Participant pursuant to the Code as the same may be amended.
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Taxable Benefit. , in relation to an employee, means any amount
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Examples of Taxable Benefit in a sentence

  • With respect to any amount includible in the Executive's gross income for federal income tax purposes (the "Taxable Benefit"), an amount in cash equal to (i) the product of the Highest Marginal Income Tax Rate and the Taxable Benefit, (ii) divided by one minus the Highest Marginal Income Tax Rate.

  • The Gross Up Payment shall be paid within ten (10) days of the payment or realization for federal income tax purposes of the Taxable Benefit.

  • Coverage Employee Share of Monthly Premium FUCCMS Share of Monthly Premium Taxable Benefit $0.00 $3.86 Loss of Spouse: $20,000 Loss of Child: $10,000 Premiums: This plan is provided through GroupHEALTH and the premiums are fully paid by the employer, however, a non-taxable benefit to the employee.

  • Premiums: Coverage Employee Share of Monthly Premium FUCCMS Share of Monthly Premium Taxable Benefit $0.00 Rate based on annual earnings The premiums for the Short-Term Disability Benefit are fully paid for by the employer.

  • Employees participating in the program shall receive the following eligible equipment: • NEW Home office furniture package (Taxable Benefit) which may include items such as a desk, chair and monitor arm through a designated ▇▇▇▇▇▇▇▇▇ Electric Canada Store with a maximum coupon value of one-thousand dollars ($1000.00).

  • To the extent that any payment pursuant to this Section 3(b) is deemed to be taxable compensation to Executive (“Taxable Benefit”), then the Company shall pay to Executive an amount (the “Gross Up”) to compensate Executive for the economic cost with respect to federal, state and local income and payroll taxes payable with respect to the Taxable Benefit.

  • Premiums: Coverage Employee Share of Monthly Premium FUCCMS Share of Monthly Premium Taxable Benefit $0.00 Rate based on annual earnings This plan is provided through GroupHEALTH and the premiums are fully paid by the employer, however, a taxable benefit to the employee.

  • The premium paid on behalf of the employee will be reported on the employee’s T4A as a Taxable Benefit.

  • This home office furniture package is deemed to be a Taxable Benefit (TB), applicable statutory deductions will be processed through payroll within three (3) months of the equipment being delivered to an employee’s home.


More Definitions of Taxable Benefit

Taxable Benefit. , in relation to an employee, means any benefit provided or made available, otherwise than in the form of a payment of money, to the employee or to a person who is, for the purposes of Chapter II of this Part, a member of his family or household;
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Taxable Benefit means cash.
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Taxable Benefit means the amount by which the Market Price on the Purchase Date
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Taxable Benefit. The Fair Market Value of a Share, on the date on which the Option is exercised by the Participant as reduced by the amount actually paid by, or recovered from the Participant in respect of such Share.”
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Taxable Benefit means the employment income included in the calculation of an Eligible Canadian Optionee as a result of the exercise or disposition of an option. Generally, the Taxable Benefit resulting from the exercise of an option is equal to the amount by which (i) the fair market value of the Quest Software shares on the date of exercise exceeds (ii) the exercise price of such option, and the Taxable Benefit resulting from the disposition (other than the exercise) of an option is equal to the value of consideration received for the disposition.
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Related to Taxable Benefit

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Taxable Bonds means Bonds of a Series which are not Tax Exempt Bonds.

  • Taxable value shall have the meaning assigned to such term in Section 1.04(10) of the TEXAS TAX CODE.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.