Common use of Employment Taxes and Withholding Clause in Contracts

Employment Taxes and Withholding. Executive recognizes that the compensation, benefits and other amounts provided by the Company under this Agreement may be subject to federal, state or local income taxes. It is expressly understood and agreed that all such taxes shall be the responsibility of the Executive. To the extent that federal, state or local law requires withholding of taxes on compensation, benefits or other amounts provided under this Agreement, the Company shall withhold the necessary amounts from the amounts payable to Executive under this Agreement.

Appears in 6 contracts

Samples: Agreement, Employment Agreement (Digi International Inc), Employment Agreement (Digi International Inc)

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Employment Taxes and Withholding. Executive recognizes that the compensation, benefits benefits, and other amounts provided by the Company under this Agreement may be subject to federal, state state, or local income taxes. It is expressly understood and agreed that all All such taxes shall be the responsibility of the Executive. To the extent that federal, state state, or local law requires withholding of taxes on compensation, benefits benefits, or other amounts provided under this Agreement, the Company shall withhold the necessary amounts from the amounts payable to Executive under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Trailer Bridge Inc), Employment Agreement (Musicland Stores Corp), Employment Agreement (Musicland Stores Corp)

Employment Taxes and Withholding. Executive recognizes that the compensation, benefits and other amounts provided by the Company under this Agreement may be subject to United States and/or Canadian federal, state state, provincial or local income taxes. It is expressly understood and agreed that all such taxes shall be the responsibility of the Executive. To the extent that United States and/or Canadian federal, state state, provincial or local law requires withholding of taxes on compensation, benefits or other amounts provided under this Agreement, the Company shall withhold the necessary amounts from the amounts payable to Executive under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Secure Computing Corp), Employment Agreement (Secure Computing Corp)

Employment Taxes and Withholding. Executive recognizes that the compensation, compensation and benefits and other amounts provided by the Company under this Agreement may be subject to federal, state state, or local income taxes. It is expressly understood and agreed that all All such taxes shall be the responsibility of the Executive. To the extent that federal, state state, or local law requires withholding of taxes on compensation, compensation and benefits or other amounts provided under this Agreement, the Company shall withhold the necessary amounts from the amounts payable to Executive under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Empi Inc)

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Employment Taxes and Withholding. Executive (i) recognizes that the compensation, benefits benefits, and other amounts provided by the Company under this Agreement may be subject to federal, state state, or local income taxes. It is expressly understood , and agreed that all (ii) authorizes the Company to withhold from any amounts payable under this Agreement such taxes shall be the responsibility of the Executive. To the extent that federal, state or and local law requires withholding of taxes on compensation, benefits or other amounts provided under this Agreement, the Company shall withhold the necessary amounts from the amounts payable as may be required to Executive under this Agreementbe withheld pursuant to applicable law.

Appears in 1 contract

Samples: Employment Agreement (Trailer Bridge Inc)

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