Withholding Tax definition

Withholding Tax means any tax, deduction, levy or similar payment obligation that is required to be deducted or withheld from a payment under Applicable Law.

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Withholding Tax shall have the meaning set forth in Section 3.9.

Withholding Tax means the aggregate federal, state and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising under the Plan.

Examples of Withholding Tax in a sentence

• The General Partner shall not be obligated to apply for or obtain a reduction of or exemption from Withholding Tax on behalf of any Partner that may be eligible for such reduction or exemption, or to otherwise seek to mitigate any tax borne by any Partner under this Section 5.04(f) (Withholding and Other Taxes).

• Whenever the General Partner makes any such reduction of the proceeds payable to a Partner pursuant to the preceding sentence for repayment of a Withholding Tax by such Partner or a Withholding Tax is made by way of withholding on amounts otherwise distributable, for all other purposes of this Agreement such Partner shall be treated as having a Capital Account and as having received all distributions (whether before or upon withdrawal or liquidation) unreduced by the amount of such Withholding Tax.

• Unless otherwise agreed to by the General Partner in writing, each Partner shall indemnify and hold harmless the Partnership and the General Partner from and against any liability with respect to any Withholding Tax required to be paid on behalf of or otherwise paid with respect to such Partner, other than any such Withholding Tax that arises as a result of the gross negligence of the General Partner.

More Definitions of Withholding Tax

Withholding Tax means any present or future taxes, duties or governmental charges of any nature whatsoever imposed, levied or collected by or on behalf of any Relevant Jurisdiction or by or on behalf of any political subdivision or authority therein or thereof having the power to tax.

Withholding Tax means, any tax required to be deducted from the income of a person by the payer of that income in accordance with this Act.

Withholding Tax has the meaning specified in Section 9.01 hereof.

Withholding Tax means a tax on income required by any applicable tax law of a country and withheld or deducted at source by the payer from a payment made to a Person resident outside that country.

Withholding Tax means any tax, including any federal, state or local income tax, required by any governmental entity to be withheld or otherwise deducted and paid with respect to the transfer of shares of Common Stock as a result of the exercise of an option.

Withholding Tax means a tax collected by means of a deduction at source made by a person (for example, by the Issuer in respect of a Note of this series from time to time applicable under the Tax Jurisdiction's law) upon payment of taxable income. Save in certain limited circumstances, such tax is generally considered as final.]

Withholding Tax means any tax, including any federal, state or local income tax, required by any governmental entity to be withheld or otherwise deducted and paid with respect to the transfer of shares of Common Stock as a result of the exercise of a Nonqualified Stock Option or stock appreciation right, the payment of performance units or the award of Restricted Stock or stock grants.