Common use of Employee Pay Clause in Contracts

Employee Pay. Immediately after execution of this Agreement, the Seller will advise all employees of the Business that they will be paid entirely as employees and not as independent contractors, with all required employer payroll taxes withheld. The Seller will furnish the Buyer a letter from Paychex, Inc. indicating that all pay to employees of the Business will be shown on forms W-2 with all payroll taxes withheld. The Seller will promptly advise the Buyer of any communication made by any employee of the Business regarding the Seller’s compliance with this covenant and furnish copies of any written communication (including electronic mail) and written summaries of any oral communication made by such employees.