FICA Tax Withholding. The Company shall withhold from the Executive's other compensation and/or from the first payments to be made under this Agreement, the Executive's share of FICA and other employment taxes imposed on the value of the benefits payable from this Agreement when such taxes, in the sole judgment of the Company, are required to be withheld under applicable law. If any law provides the Company discretion as to the timing of tax withholding, the Company shall have the sole right determine when taxes shall be withheld.
Appears in 3 contracts
Samples: Retention Participation Agreement (First Northern Community Bancorp), Retirement/Retention Participation Agreement (First Northern Community Bancorp), Retention Participation Agreement (First Northern Community Bancorp)
FICA Tax Withholding. The Company shall withhold from the Executive's ’s other compensation and/or from the first payments to be made under this Agreement, the Executive's ’s share of FICA and other employment taxes imposed on the value of the benefits payable from this Agreement when such taxes, in the sole judgment of the Company, are required to be withheld under applicable law. If any law provides the Company discretion as to the timing of tax withholding, the Company shall have the sole right determine when taxes shall be withheld.
Appears in 1 contract
Samples: Retention Participation Agreement (First Northern Community Bancorp)
