Tax Liability

Tax Liability. Means any federal or state income tax liability. For purposes of this Agreement federal income tax liability shall be deemed to be (i) the highest applicable individual federal income tax rate, multiplied by (ii) a Stockholder's allocable portion of the Company's taxable income. For purposes of this Agreement, state income tax liability shall be deemed to be (i) the highest applicable individual state income tax rate of the applicable state, multiplied by (ii) a Stockholder's allocable portion... of the Company's taxable income in that state. Tax Liability shall also include any interest and penalties. View More

Tax Liability. Shall mean any Tax or Taxes owed by the Company or by any company acquired by the Company through merger prior to the date hereof and/or any Tax or Taxes owed as a result of the Company's acquisition of any of the aforementioned companies.

Tax Liability. Means the total of: (i) any PAYE income tax and primary class 1 (employee) national insurance contributions (or any similar liability to withhold amounts in respect of income tax or social security contribution in any jurisdiction) that the Company or any employer (or former employer) of the Grantee is liable to account for as a result of any Taxable Event; and (ii) if such amounts may be lawfully recovered from the Grantee, any secondary class 1 (employer) national... insurance contributions (or any similar liability for social security contribution in any jurisdiction) that the Company or any employer (or former employer) of the Grantee is liable to pay as a result of any Taxable Event. View More

Tax Liability. As to any Member as of the close of any fiscal year or other accounting period, (i) the amount of net taxable income and gain of the Company allocated with respect to such Member's interest in the Company (including to predecessor holders) pursuant to Section 6 for periods through and including the close of such fiscal year or other accounting period, multiplied by (ii) the highest combined federal and state rate (taking into account any federal deductibility of state taxes and vice versa, and... any applicable capital gain or other preferences) applicable to individual residents of Massachusetts, in the case of allocations to a Class B Member , or to corporations with principal places of business in Illinois, in the case of the Class A Member, for such fiscal year or other accounting period View More

Tax Liability. Means any amount of tax or social security contributions for which a Participant would or may be liable and for which any Group Member or former Group Member would or may be obliged to (or would or may suffer a disadvantage if it were not to) account to any relevant authority

Tax Liability. Any amount of U.S. or non-U.S. federal, state or local income tax, social security (or similar) contributions, payroll tax, fringe benefits tax, payment on account and/or other tax-related items related to the participation in the Plan and legally applicable to the Participant, which the Company and/or an Affiliate or Subsidiary may become liable to pay on the Participant's behalf to the relevant authorities in any jurisdiction.