Tax Penalties. Any type of tax penalty;
Tax Penalties. TAB may report any and all payments and benefits made or received under this Agreement to any taxing authority(s) as appropriate under applicable law. Nothing contained in this Agreement shall be construed as requiring TAB to compensate Sponsor for any adverse tax effects associated with any payments or benefits made or received under this Agreement.
Tax Penalties. If a withdrawal or surrender occurs before the annuitant is age 59 1/2, the annuitant may be subject to tax penalties. These penalties are imposed under the Code. The annuitant may not be subject to tax penalties on amounts received before age 59 1/2 if:
Tax Penalties. In addition to normal income taxes payable on the spread in effect under each of an optionee’s options on the applicable tax measurement date, the optionee would also be subject to an additional tax penalty equal to 20% of that spread. Note: Certain states, including California, have adopted provisions similar to Section 409A under their tax laws, and for optionees subject to income taxation in such states, the total penalty tax could be up to 40% (a 20% federal penalty tax and up to a 20% state penalty tax).
Tax Penalties. Grantee shall protect, defend, indemnify and hold harmless Grantor from and against all liabilities imposed upon or incurred by Grantor by reason of Grantee's failure to timely pay any taxes identified in Section 3.l above; however, Grantee's obligations herein shall arise only after Grantee receives a written request from Grantor and the document that evidences the tax imposed or the increased liability prior to the applicable due date.
Tax Penalties. 6.3.8 costs associated with the operation of the business of the entity that constitutes Landlord (as the same are distinguished from the costs of operation of the Project) and costs incurred in connection with disputes between Landlord and its employees, between Landlord and Project management or between Landlord and other Occupants, including Tenant (except as otherwise provided in this Lease);
Tax Penalties. Taxes in the form of interest, penalties, additions to Tax or other additional amounts that relate to Taxes (“Tax Penalties”) for any period shall be treated as occurring in the same period as the Taxes to which the Tax Penalties relate, without regard to when a Tax Penalty is incurred, accrued, assessed, or otherwise charged; provided, however, that no Tax Penalty shall be apportioned to a Pre-Closing Tax Period or Pre-Closing Straddle Period to the extent that the liability for such Tax Penalty is incurred solely because of the failure of Purchaser or Words+ to comply with any requirement or provision of law or this Agreement after the Closing Date but provided further that the foregoing proviso shall not apply to the extent that Purchaser or Words+ did not comply with any requirement or provision of law or this Agreement after the Closing Date in reliance on a warranty or representation set forth in Section 2.9 hereof.
Tax Penalties. The Company will provide complete tax and compensation data on a timely basis to the Executive and to an accounting firm designated by the Executive to enable the Executive to determine the extent, if any, to which the Executive's compensation under this Agreement and all other compensation agreements, plans and programs of the Company may be considered to be a parachute payment or excess parachute payment under section 280G of the Internal Revenue Code of 1986, as amended (the "Code"). In the event that any such compensation is deemed to constitute an excess parachute payment that is subject to tax under Section 4999 of the Code or any successor provision thereto (the "Excise Tax"), the Company shall pay to the Executive an additional amount (the "Gross-Up Amount") that, after payment of all Federal and state income taxes thereof (assuming the Executive is at the highest marginal federal and applicable state income tax rate in effect on the date of payment of the Gross-Up Amount) and payment of the Excise Tax on the Gross-Up Amount, is equal to the Excise Tax payable by the Executive on such excess parachute payment. The Gross-Up Amount payable with respect to each excess parachute payment shall be paid by the Company coincident with payment of such excess parachute payment.
Tax Penalties. The Company's independent accountants (the ------------- "Accountants") shall advise the Executive as to the extent to which the Executive's compensation under the Employment Agreement (including, without limitation, this Supplement E) and all other compensation agreements, plans and programs of the Company and its subsidiaries may constitute parachute payments or excess parachute payments under section 280G of the Code. In the event that any such compensation constitutes an excess parachute payment which is subject to tax under section 4999 of the Code or any successor provision thereto (the "Excise Tax"), the Company shall pay to the Executive an additional amount (the "Gross-Up Amount") which, after payment of all federal and state income taxes thereon (assuming the Executive is at the highest marginal federal and applicable state income tax rate in effect on the date of payment of the Gross-Up Amount) and payment of the Excise Tax on the Gross-Up Amount, is equal to the Excise Tax payable by the Executive on such excess parachute payment. The Gross-Up Amount payable with respect to each excess parachute payment shall be paid by the Company coincident with payment of such excess parachute payment; provided, however, that if the Gross-Up Amount cannot be finally determined on or before the payment date, the Company shall pay to the Executive on such date an estimate, as determined in good faith by the Accountants, of the minimum amount of such payments and shall pay the remainder of such payment (together with interest at the rate provided under section 1274(b)(2)(B) of the Code) as soon as the amount can be determined but no later than the 30th day after the date Executive becomes subject to the payment of Excise Tax. In the event that the Excise Tax is subsequently determined to be less than the amount taken into account hereunder at the time of payment by the Company, the Executive shall repay to the Company at the time that the amount of such reduction in Excise Tax is finally determined the portion of the Gross-Up Amount attributable to such reduction (plus the portion of the Gross-Up Amount attributable to the Excise Tax and federal and state income taxes imposed on the Gross-Up Amount being repaid by Executive if such repayment results in a reduction in Excise Tax and/or a federal tax deduction) plus interest on the amount of such repayment at the rate provided in section 1274(b)(2)(B) of the Code. In the event that the Excise Tax is determined to...
Tax Penalties. If any amount payable to the Executive by the Company, whether under this Agreement or otherwise (a "Payment"), is subject to any tax under section 4999 of the Internal Revenue Code of 1986, as amended (the "Code"), or any similar federal or state law (an "Excise Tax"), the Company shall pay to the Executive an additional amount (the "Make-Whole Amount") which is equal to (i) the amount of the Excise Tax,
