Common use of Employee Withholding Clause in Contracts

Employee Withholding. The parties agree that, pursuant to the "Alternative Procedure" provided in Section 5 of Revenue Procedure 96-60, 1996-2 C.B. 399, with respect to filing and furnishing IRS Forms W-2, W-3, and 941, (a) Seller shall report on a "predecessor-successor" basis, as set forth therein, (b) Seller shall be relieved from furnishing Forms W-2 to any of the employees of Seller who become employees of Buyer, and (c) Buyer shall assume the obligations of Seller to furnish such Forms W-2 to such employees for the year in which the Closing occurs.

Employee Withholding. The parties Sellers agree that, pursuant to the "Alternative Procedure" provided in Section 5 of Revenue Procedure 9684-6077, 19961984-2 C.B. 399753, with respect to filing and furnishing IRS Forms W-2, W-3, and 941, (a) Seller each of the Sellers shall report on a "predecessor-successor" basis, as set forth therein, (b) Seller each of the Sellers shall be relieved from furnishing Forms W-2 to any of the employees of Seller the Sellers who become employees of Buyerthe Purchasers, and (c) Buyer the Purchasers shall assume the obligations of Seller the Sellers to furnish such Forms W-2 to such employees for the year in which the Closing occurs.

Employee Withholding. The parties Sellers agree that, pursuant to the "Alternative Procedure" provided in Section 5 of Revenue Procedure 9684-6077, 19961984-2 C.B. 399753, with respect to filing and furnishing IRS Forms W-2, W-3, and 941, (a) Seller Sellers shall report on a "predecessor-predecessor- successor" basis, as set forth therein, (b) Seller Sellers shall be relieved from furnishing Forms W-2 to any of the employees of Seller Sellers who become employees of BuyerPurchaser, and (c) Buyer Purchaser shall assume the obligations of Seller Sellers to furnish such Forms W-2 to such employees for the year in which the Closing occurs.. Section 6.5

Employee Withholding. The parties Sellers agree that, pursuant to the "Alternative Procedure" provided in Section 5 of Revenue Procedure 9684-6077, 19961984-2 C.B. 399753, with respect to filing and furnishing IRS Forms W-2, W-3, and 941, (a) Seller Sellers shall report on a "predecessor-successor" basis, as set forth therein, (b) Seller Sellers shall be relieved from furnishing Forms W-2 to any of the employees of Seller Sellers who become employees of BuyerPurchaser, and (c) Buyer Purchaser shall assume the obligations of Seller Sellers to furnish such Forms W-2 to such employees for the year in which the Closing occurs.