Definition of Taxable Consideration

  1. Taxable Consideration means, in relation to the individual in question, the individual's proportionate share of the Estimated Adjusted Consideration plus their proportionate share of the Escrow Amount plus, in the case of the Option Sellers only, the Company's best estimate (which shall be reasonably satisfactory to the Buyer) of the market value, as at Completion, of the Option Seller's right to share in the Earn-Out Amount);

Examples of Taxable Consideration in a sentence

  1. To the extent any portion of the consideration is taxable, such amount (the Taxable Consideration) shall be allocated among the Assets in accordance with Section 1060 of the Code and the Treasury regulations promulgated thereunder (and any similar provision of state, local or foreign law, as appropriate) (the Allocation).

Definition of Taxable Consideration in Agreement

Taxable Consideration means, in relation to the individual in question, the individual's proportionate share of the Estimated Adjusted Consideration plus their proportionate share of the Escrow Amount plus, in the case of the Option Sellers only, the Company's best estimate (which shall be reasonably satisfactory to the Buyer) of the market value, as at Completion, of the Option Seller's right to share in the Earn-Out Amount);