Sentences with phrase «credit in separation agreements»

Not exact matches

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

«One of the biggest items that is often overlooked in separation and divorce agreements is tax deductions, such as child - care expenses, and credits that may apply to separated and divorced parents,» says Numerow.

The tax repercussions of separation and divorce are normally contemplated in a separation agreement; these include support, child care expenses, claims for dependants and other tax credits.

If a payment is made voluntarily or in accordance with the provisions of a separation agreement but is never in fact incurred, then the funds should be returned or credit given to the paying spouse for future, legitimate expenses.

If either you or your ex-spouse plans to claim this tax credit, make sure that the issue is resolved in the Separation Agreement or in court.