Tax and Estate Planning Sample Clauses

Tax and Estate Planning. The tax and estate planning services to be provided during the Continuation Period in accordance with Paragraphs 4(c), 8 and 9 of Section B of the Employment Agreement shall be provided by a third party not affiliated with the Company selected by the Executive in his sole discretion. It is understood and acknowledged by both parties that the initial costs for providing such tax and estate planning services may be significant and all such costs during the Continuation Period shall be paid by the Company.
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Tax and Estate Planning. During the term of this Agreement, the Employee shall be reimbursed, on an annual basis, for all out-of-pocket expenses reasonably incurred by him for financial, tax and estate planning, provided that the total amount of such reimbursement for any year shall not exceed two percent (2%) of his Base Salary in such year. The Employee shall retain the right to determine the provider for any such services.
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Tax and Estate Planning. The Company shall provide the Executive with annual personal tax and estate planning services.
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Tax and Estate Planning. The Company agrees to reimburse Executive for the cost of financial, tax and estate planning for each 365 day period in which this Agreement is in effect in amount not to exceed US$3,000 (net of any tax required to be paid by Executive on such reimbursement) for each 365 day period. In the event that Executive is required to pay any tax on such reimbursement, the amount to be reimbursed to Executive shall be grossed up by such amount as shall ensure that Executive receives the same amount as he would have received had no such tax been payable.
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Tax and Estate Planning. The Company shall provide Executive with comprehensive annual personal tax and estate planning services including tax planning for Executive's gross income. In addition, the Company shall provide the services of an accountant to keep Executive's financial records and to assist in tax reporting. Tax planning and accounting services shall be provided in-house by the Company, or at Executive's option, by the firm of Xxxxxx Xxxxxxxx or such other accounting firm as Executive may select, in his sole discretion. Further, the estate planning services shall be provided by Xxxxx Bisingano or such other professional as Executive shall select, in his sole discretion. The Company shall pay for the full cost of such services at the customary commercial rates charged by such service providers.
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Tax and Estate Planning. During the Term, the Company shall reimburse ----------------------- Executive for, or pay on behalf of Executive, reasonable expenses for Executive's estate planning, taxation and tax planning services, including reasonable legal and accounting fees and expenses not to exceed $15,000 per year in the aggregate. 7.
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Related to Tax and Estate Planning

  • Certain Tax Considerations .... 4 Originally Anticipated Term of the Partnership; General Policy Regarding Sales and Refinancings of Partnership Properties; Alternatives........................................... 4 Conditions..................................................................................................

  • Residual Interest and Transfer of Interests 6 Section 3.1. The Residual Interest. 6

  • Sales and Transfer Taxes Seller and Purchaser shall be equally responsible for the payment of all transfer, recording, documentary, stamp, sales, use (including all bulk sales Taxes) and other similar Taxes and fees (collectively, the “Transfer Taxes”), that are payable or that arise as a result of the P&A Transaction, when due. Seller shall file any Tax Return that is required to be filed in respect of Transfer Taxes described in this Section 8.3 when due, and Purchaser shall cooperate with respect thereto as necessary.

  • Tax and Accounting Consequences (a) It is intended by the parties hereto that the Merger shall constitute a reorganization within the meaning of Section 368 of the Code. The parties hereto adopt this Agreement as a "plan of reorganization" within the meaning of Sections 1.368-2(g) and 1.368-3(a) of the United States Income Tax Regulations.

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

  • Profits Interests (a) Class B Units are intended to qualify as a “profits interest” in the Partnership issued to a new or existing Partner in a partner capacity for services performed or to be performed to or for the benefit of the Partnership within the meaning of Rev. Proc. 93-27, 1993-2 C.B. 343, and Rev. Proc. 2001-43, 2001-2 C.B. 191, the Code, the Regulations, and other future guidance provided by the IRS with respect thereto, and the allocations under subparagraph 1(c)(ii) of Exhibit B shall be interpreted in a manner that is consistent therewith.

  • Tax and Accounting Treatment Each party to this Agreement acknowledges that it is its intent for purposes of U.S. federal, state and local income and franchise taxes, and for accounting purposes, to treat each Transaction as indebtedness of Seller that is secured by the Purchased Mortgage Loans and that the Purchased Mortgage Loans are owned by Seller in the absence of a Default by Seller. All parties to this Agreement agree to such treatment and agree to take no action inconsistent with this treatment, unless required by applicable Requirements of Law or GAAP.

  • Certain Tax Consequences In the event that the Executive becomes entitled to the payments and benefits described in this Section 5 (the "Severance Benefits"), if any of the Severance Benefits will be subject to any excise tax (the "Excise Tax") imposed under Section 4999 of the Internal Revenue Code of 1986, as amended (the "Code"), the Company shall pay to the Executive an additional amount (the "Gross-Up Payment") such that the net amount retained by the Executive, after deduction of an Excise Tax on the Severance Benefits and any federal, state and local income and employment tax and Excise Tax upon the payment provided for by this Section 5, shall be equal to the Severance Benefits. For purposes of determining whether any of the Severance Benefits will be subject to the Excise Tax and the amount of such Excise Tax,

  • Certain Tax Matters The undersigned expressly acknowledges the following:

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