MAXIMUM WITHHOLDING AMOUNT

Example Definitions of "MAXIMUM WITHHOLDING AMOUNT"
MAXIMUM WITHHOLDING AMOUNT. Shall mean the total amount that Penton would be required to remit to all Taxing Authorities under applicable tax laws (applying the minimum applicable withholding rate required by law) if an amount equal to the remaining outstanding balance due under the Note, reduced by an amount equal to the Aggregate Value of the Pledged Securities were paid to Mr. Kemp, and such payment was treated as compensation paid to an ... employee. View More Arrow
Found in PENTON MEDIA INC contract
MAXIMUM WITHHOLDING AMOUNT. Shall mean the total amount that Penton would be required to remit to all Taxing Authorities taxing authorities under applicable tax laws (applying the minimum applicable withholding rate required by law) if an amount equal to the remaining outstanding balance due under the Note, reduced by an amount equal to Note on the Aggregate Value of the Pledged Securities Effective Date were paid to Mr. Kemp, Ramella, and such payment was treated as compensation paid to an employee.
Found in PENTON MEDIA INC contract
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