Tax Gross-Up Amount definition

Tax Gross-Up Amount means the sum of (x) an amount equal to all taxes imposed upon Executive under Section 4999(a) of the Internal Revenue Code of 1986, as amended (the “Code”), resulting from payments or other benefits (including, without limitation, accelerated vesting or exercisability of stock rights or options) to Executive under this Agreement being deemed “excess parachute payments, as such term is defined in Section 280(G)(b) of the Code (the “Subject Taxes”), and (y) an amount which will as closely as reasonably practicable approximate any additional income or excise taxes payable by Executive as a result of the payment of the Subject Taxes on behalf of the Executive pursuant to this Agreement.

Tax Gross-Up Amount means the amount necessary to cause the after-Tax net proceeds to the applicable Sellers from the sale of the Equity Interests pursuant to this Agreement to be equal to the after-Tax net proceeds each of Sellers would have received had the Section 338(h)(10) Elections not been made and had each such Seller instead sold stock in Structors, Inc. to Purchaser.

Tax Gross-Up Amount means the amount equal to (i) the Incremental Tax Amount plus (ii) the amount of Taxes that would be payable by Seller and its Affiliates with respect to receipt of the Incremental Tax Amount assuming the Incremental Tax Amount were taxed at the highest applicable marginal corporate income Tax rates.

Examples of Tax Gross-Up Amount in a sentence

• In the Final Rule LGIA: Article 5.17.4) – Proposed LGIA Article 5.14.4 described how the Parties would calculate the Tax Gross-Up Amount.

• The tax liability will be calculated using the methodology described in Article 5.17.4 (Tax Gross-Up Amount) of the LGIA and in accordance with IRS Notice 2016-36.

• Buyer shall have access to all relevant information of Sellers used in connection with the determination of the Actual Tax Gross-Up Amount.

• Regarding the first issue, in all of the documents project name is Kocatepe WPP and for the time being it is not possible to change it.Although it is not given in a written format, stakeholders asked questions about the employment.During the meeting, head of the Örmekuyu Village expressed their support for renewable energy project of Kocatepe WPP.

• Students are not allowed in their classrooms until 8:40A.M. We will be eating breakfast in classrooms when they arrive.Student AbsencesIf your child will be tardy or kept home due to illness or for any other reason, please notify our school attendance number 558-2079 as early as possible.

More Definitions of Tax Gross-Up Amount

Tax Gross-Up Amount means an amount to compensate a Participant's Beneficiary for federal, state and local income and employment taxes attributable to the Participant's Death Benefit. A Participant's Tax-Gross Up Amount shall be 45 percent of the Participant's Pre-Commencement Death Benefit or Post-Commencement Death Benefit, as the case may be.

Tax Gross-Up Amount means the sum of the Federal Tax Gross-Up Amount plus the Ordinary Income Gross-Up Amount. Attached hereto as Exhibit A is an example to demonstrate how the Tax Gross-Up would apply.

Tax Gross-Up Amount has the meaning set forth in Section 12.2(g).

Tax Gross-Up Amount with respect thereto as provided for in Sections 2(a)(ii) and 2(b) hereof. For purposes of this Section 2(d)(ii), the "Applicable Percentage" shall be: 20% if Executive terminates his employment with the Company without Good Reason on or before November 2, 2000; 40% if he terminates such employment without Good Reason on or after November 3, 2000, but on or before November 2, 2001; 60% if he terminates such employment without Good Reason on or after November 3, 2001, but on or before November 2, 2002; and 80% if he terminates such employment without Good Reason on or after November 3, 2002, but on or before November 2, 2003.

Tax Gross-Up Amount has the meaning set forth in Section 2.6(a).

Tax Gross-Up Amount means such additional amount as is necessary to ensure that the net amount actually received by the Noteholders following the occurrence of a Tax Gross Up Event will equal the full amount that the Noteholders would have received had no such Tax Gross Up Event occurred.

Tax Gross-Up Amount means an amount calculated as follows for each Stockholder: (i) the number of shares of Buyer Common Stock received by such Stockholder on the Closing Date shall be multiplied times twenty-five percent (25%) (the 'Share Amount'); (ii) a 'Tax Make Whole Amount' shall be determined by subtracting (a) the amount determined by multiplying the Share Amount times the Closing Price on the trading day immediately preceding the Tax Settlement Day from (b) the amount determined by multiplying the Share Amount times the Closing Price on the Closing Date; (iii) the amount that would be charged as income tax on the Tax Make Whole Amount, assuming the highest individual rate of state and federal income taxes, shall be added to the Tax Make Whole Amount, and the resulting sum shall be the Tax Gross Up Amount.