Income Taxation. You understand that the Company has not provided any advice regarding the tax liability resulting from this Agreement and you shall not rely upon any representations or policies of the Company related to taxation. You are advised to seek the advice of your own personal tax advisor or counsel as to the taxability of the Separation Pay. ServiceMaster specifically disclaims that it has responsibility for the proper calculation or payment of any taxes which may be due other than for standard statutory withholding. For purposes of Section 2, the termination of employment and correlative phrases, mean a “separation from service” as defined in Treasury Regulation section 1.409A-1(h), other than a termination upon your death. The payments pursuant to this Agreement are intended to be exempt from Section 409A to the maximum extent possible, under either the separation pay exemption pursuant to Treasury Regulation section 1.409A-1(b)(9)(iii) or as short-term deferrals pursuant to Treasury Regulation section 1.409A-1(b)(4). If you are subject to section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), you shall be solely responsible for any such taxes which would result in the imposition of additional tax under Section 409A. All separation benefits will be payable in accordance with the payment schedule applicable to each payment or benefit. For these purposes, each installment payment and benefit payable under this Agreement is hereby designated as a separate payment and will not collectively be treated as a single payment.
Income Taxation. Executive understands that the Company has not provided any advice regarding the tax liability resulting from this Agreement and he shall not rely upon any representations or policies of the Company related to taxation. Executive is advised to seek the advice of his own personal tax advisor or counsel as to the taxability of the Severance Pay. The Company specifically disclaims that it has responsibility for the proper calculation or payment of any taxes which may be due other than for standard statutory withholding. For purposes of any payment under this Agreement that constitutes deferred compensation subject to Section 409A of the Code, “termination of employment” and correlative phrases, mean a “separation from service” as defined in Treasury Regulation section 1.409A-1(h), other than a termination upon Executive’s death. The payments pursuant to this Agreement are intended to be exempt from Section 409A to the maximum extent possible, under either the separation pay exemption pursuant to Treasury Regulation section 1.409A-1(b)(9)(iii) or as short-term deferrals pursuant to Treasury Regulation section 1.409A-1(b)(4). If Executive is subject to Section 409A, he shall be solely responsible for any such taxes which would result in the imposition of additional tax under Section 409A. All separation benefits will be payable in accordance with the payment schedule applicable to each payment or benefit, and any discretion as to the timing of such payment shall be exercised solely by the Company. For these purposes, each installment payment and benefit payable under this Agreement is hereby designated as a separate payment and will not collectively be treated as a single payment.
Income Taxation. You understand that the Company has not provided any advice regarding the tax liability resulting from this Agreement and you shall not rely upon any representations or policies of the Company related to taxation. You are advised to seek the advice of your own personal tax advisor or counsel as to the taxability of any payments or other compensation contemplated by this Agreement. ServiceMaster specifically disclaims that it has responsibility for the proper calculation or payment of any taxes which may be due other than for standard statutory withholding.
Income Taxation. Teacher acknowledges and understands that the payments made under this Program by the District shall be treated as loan proceeds and Teacher will be required to repay such amounts immediately upon Teacher’s failure to comply with any requirement set forth under Section 3 above. Teacher also acknowledges and understands that any forgiveness of the loan due to timely completion of all the requirements of Section 3 shall be treated as taxable compensation to Teacher in the calendar year such forgiveness occurs, and the District will include the amount of debt forgiveness on Teacher’s Form W-2.
Income Taxation. 24 Section 1. General; Applicability 24 Section 2. Computation of Taxable Income in Dollars 25 Section 3. Withholding tax on Certain Payments to Nonresidents and Residents 25 ARTICLE XXIII ROYALTY 25 Section 1. Royalty Rate 25 Section 2. Royalty Basis 26 Section 3. Royalty Payment 26
Income Taxation. The Contractor undertakes to faithfully pay all the amounts due to the Servicio Nacional Integrado de Administracion Aduanera y Tributaria (SENIAT), under the requirements of the Income Tax Law of the Bolivarian Republic of Venezuela.
Income Taxation. The Optionee acknowledges that he or she has been informed that the exercise of this option, in whole or in part, will result in the imposition of federal income taxation at the time of exercise based on the spread between the exercise price and the fair market value of the shares on the date of exercise. Additionally, at the time the Option Shares are sold the Optionee will recognize income or loss associated with gains or losses in an amount equal to the difference between the fair market value of the Option Shares at the time of exercise and the sale price of the shares.
Income Taxation. Payments provided for herein shall be reduced by any amounts required to be withheld by ServiceMaster from time to time under applicable Federal, state or local income or employment tax laws or similar statutes or other provisions of law then in effect. You understand that ServiceMaster has not provided any advice regarding the tax liability resulting from this Agreement and you shall not rely upon any representations or policies of ServiceMaster related to taxation. You are advised to seek the advice of your own personal tax advisor or counsel as to the taxability of the compensation provided under this Agreement.
Income Taxation. 39 Exhibit A - Special Provisions Exhibit B - Business and Collateral Locations Exhibit C - Letter of Credit (None) Exhibit D - Assignment and Acceptance Exhibit E - Officer's Certificate LOAN AND SECURITY AGREEMENT THIS LOAN AND SECURITY AGREEMENT (this "Agreement") made this 3rd day of October, 1997 by and among LASALLE BUSINESS CREDIT, INC., a Delaware corporation (in its individual capacity, ("LaSalle"), with an office at 000 Xxxxx XxXxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000, for itself, as a Lender, and as Agent for all Lenders that are now or hereafter parties to this Agreement, XXXXXX FINANCIAL, INC., a Delaware corporation (in its individual capacity, "Xxxxxx"), with an office at 000 Xxxx Xxxxxx Xxxxxx Xxxxxxx, Xxxxxxxx 00000, as a Lender, AMERICAN NATIONAL BANK & TRUST COMPANY OF CHICAGO, a national banking association (in its individual capacity, "ANB"), with an office at Xxx Xxxxx XxXxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000, as a Lender, X.X. XXXXX DRUG COMPANY, a Missouri corporation ("CDS"), with its chief executive offices and principal place of business at 0000 Xxxxx 00xx Xxxxxxx, Xx. Xxxxxx, Missouri 64503, as a Borrower, GENERAL DRUG COMPANY, an Illinois corporation ("GDC"), with an office at 000 Xxxxx Xxxxxxxxx, Xxxxxxx, Xxxxxxxx 00000, as a Borrower, SBS PHARMACEUTICALS, INC., a Delaware corporation ("SBS"), with an office at 000 Xxxxx Xxxxxxxxx, Xxxxxxx, Xxxxxxxx 00000, as a Borrower, and XXXXX XXXXXXXX COMPANY, INC., a Delaware corporation ("JBC"), with an office at 000 Xxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000, as a Borrower.
Income Taxation. (a) In the event that at any time (whether before or after payment of the ESOP Term Note of an Indemnitee) a Gross-Up Event shall occur with respect to such Indemnitee, CDS will pay to such Indemnitee in immediately available funds at the time or times specified in subparagraph (c) below:
