Definition of Taxable Event

  1. Taxable Event means an event relating to an Option granted under this Plan which requires federal, state or local tax to be withheld by the Company or a subsidiary.

Examples of Taxable Event in a sentence

  1. At such times as a Grantee recognizes taxable income in connection with the rights to acquire Common Units granted hereunder (a Taxable Event), the Grantee shall pay to the Partnership an amount equal to the federal, state and local income taxes and other amounts as may be required by law to be withheld by the Partnership in connection with the Taxable Event (the Withholding Taxes) prior to the issuance of such units.

Definition of Taxable Event in Compensation Plan

Taxable Event means an event relating to an Option granted under this Plan which requires federal, state or local tax to be withheld by the Company or a subsidiary.


Definition of Taxable Event in Incentive Plan

Taxable Event means, in relation to the Options:(i)the acquisition of securities pursuant to the Options (within section 477(3)(a) of ITEPA); and/or(ii)the assignment or release of the Options in return for consideration (within section 477(3)(b) of ITEPA); and/or(iii)the receipt of a benefit in connection with the Options, other than a benefit within (i) or (ii) above (within section 477(3)(c) of ITEPA); and/or(iv)post-acquisition charges relating to the Options and/or the shares acquired pursuant to the Options (within section 427 of ITEPA); and/or(v)post-acquisition charges relating to the Options and/or shares acquired pursuant to the Options (within section 439 of ITEPA).


Definition of Taxable Event in Stock Option Agreement

Taxable Event means any occasion on which an Option Tax Liability or Secondary NIC Liability arises in connection with an Option or any award of Common Shares under it.