Secondary NIC Liability

Example Definitions of "Secondary NIC Liability"
Secondary NIC Liability. Shall mean any liability to employer's Class 1 National Insurance Contributions to the extent arising from the grant, exercise, release or cancellation of the Option or arising out of the acquisition, retention and disposal of the Shares acquired pursuant to the Option.
Found in Oxford Immunotec Global PLC contract
Secondary NIC Liability. Shall mean Means any liability to employer's Class 1 National Insurance Contributions NIC to the extent arising from the grant, exercise, release or cancellation of the an Option or arising out of the acquisition, retention and disposal of the Shares acquired pursuant to the an Option.
Found in RUBICON PROJECT, INC. contract
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