Define: Tax Obligations

How is Tax Obligations defined in a legal contract?

• Tax Obligations means taxes, withholding, certification and reporting requirements, claims for exemptions or refund, interest, penalties, additions to tax and other related expenses. Seen in 208 SEC filings.
• Tax Obligations means tax and social insurance liability obligations and requirements in connection with the Awards, including all federal, state, and local taxes that are required to be withheld by [organization], the Participant's Federal Insurance Contribution Act (FICA) obligation, the Participant's and, to the extent required by [organization], the [organization]'s fringe benefit tax liability, if any, associated with the grant, vesting, or exercise of an award or sale of shares, and any other [organization] taxes the responsibility for which the Participant has agreed to bear with respect to such Award. Seen in 122 SEC filings.
• Tax Obligations means taxes, withholding, certification and reporting requirements, claims for exemptions or refund, interest, penalties, additions to tax and other related expenses. Seen in 88 SEC filings.
• Tax Obligations means all income tax, social insurance, payroll tax, fringe benefits tax, or other tax-related liabilities related to a Grantee's participation in the Plan and the receipt of any benefits under the Plan, as determined under [applicable laws]. Seen in 33 SEC filings.
• Tax Obligations means the responsibility for payment of taxes, withholding, certification and reporting requirements, claims for exemptions or refund, interest, penalties and other related expenses of [the fund]. Seen in 22 SEC filings.
• Tax Obligations means the amount of all withholding required under any governing tax law with respect to the payment of any amount with respect to the redemption of a Restricted Share Unit or Deferred Share Unit, including amounts funded by [organization] on behalf of previous withholding tax payments and owed by the Participant to [organization] or with respect to the exercise of an Option, as applicable.
  Seen in 21 SEC filings.
• Tax Obligations means any and all federal, state or municipal taxes, contributions, government fees, government charges, tariffs or withholding taxes of any kind, together with any and all incidental taxes, surcharges, updates and fines. Seen in 15 SEC filings.
• Tax Obligations means any taxes which are attributable or related to the assets or the business for any time on or before the [closing date] or which may be applicable because of the transactions. Seen in 8 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of tax obligations' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Tax Obligations means all taxes, penalties, and related expenses linked to a Grantee's participation in [the Plan], based on [applicable laws].

Relevant Contract Type

• Employment Agreement
• Consultant Agreement
• Executive Compensation Agreement

Relevant Circumstances

• During the formation of compensation plans for employees and executives.
• As part of remuneration negotiations and policies.
• When establishing contract terms for consultants and contractors.

Relevant Sectors

• Human Resources
• Business Consulting
• Corporate Law

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Genie Definition 2

• Tax Obligations means all withholding required under [governing law] for any payment related to [financial transactions], funded by [organization].

Relevant Contract Type

• Sales Agreement
• Licensing Agreement
• Mergers & Acquisitions Agreement

Relevant Circumstances

• During the process of buying, selling, or licensing of a product or service.
• During mergers and acquisitions negotiations.
• When payments are made in the course of a business transaction.

Relevant Sectors

• Sales and Retail
• Licensing
• Mergers & Acquisitions

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