Gross Amounts. The Annual Base Salary and Annual Bonus set forth in this Article III shall be the gross amounts of such Annual Base Salary and Annual Bonus. The Executive is responsible for paying any and all taxes due on any amounts received by him as Annual Base Salary or Annual Bonus, including, but not limited to, any income tax, social security tax, Medicare tax or capital gains tax.
Gross Amounts. All amounts referred to in this Agreement are gross amounts. The Company will deduct required and authorized withholdings.
Gross Amounts. All amounts referred to in this Agreement are gross amounts and will be subject to PAYE deductions. For the avoidance of doubt, “PAYE deduction” means deductions made to comply with or to meet any liability of the Company to account for tax pursuant to regulations made under Chapter 2 of Part 11 of the Income Tax (Earnings and Xxxxxxxx) Xxx 0000 and to comply with any obligations to make a deduction in respect of national insurance contributions. Executive will be responsible for the payment of any tax and employee’s national insurance and all other payments and the provision of benefits set out in this Agreement in excess of any PAYE deductions made by the Company. Executive hereby agrees to indemnify the Company on a continuing basis immediately on demand against all such liabilities, including any interest, penalties, reasonable costs and expenses incurred as a result of any default or delay by Executive which the Company may incur in respect of or by reason of such payments or the provision of such benefits, provided that Executive shall not be liable for any interest and/or penalties which arise out of delay, error or default on the part of the Company. The Company shall give the Executive reasonable notice of any demand for tax which may lead to liabilities on the Executive under this indemnity and shall provide him with reasonable access to any documentation he may reasonably require to dispute such a claim (provided that nothing in this Clause shall prevent the Company from complying with its legal obligations with regard to HM Revenue and Customs or other competent body).
Gross Amounts. All amounts stated in this CLA are gross amounts. Where possible, Fibrant B.V. takes advantage of tax exemptions.
Gross Amounts. The amounts stated in this CAO are gross amounts, unless stated otherwise.
Gross Amounts. The Annual Base Salary and Annual Bonus set forth in this Article III shall be the gross amounts of such Annual Base Salary and Annual Bonus. The Executive is responsible for paying any and all taxes due on any amounts received by him as Annual Base Salary or Annual Bonus, including, but not limited to, any income tax, social security tax, Medicare tax or capital gains tax. In the event that the Executive is required to relocate to the Netherlands: (a) the following sentence will apply ; and (b) the Company and the Executive will mutually agree on the form of ex-xxx package the Executive will receive for agreeing to live abroad. If any of the Executive's Annual Base Salary, Annual Bonus or other compensation under this Agreement for any calendar year is attributed to the Netherlands or another jurisdiction besides the United States, the Companies will pay to the Executive by the end of that calendar year a cash payment which will result in the Executive's total after-tax compensation under this Agreement for that year, after deduction of all applicable U.S. and foreign taxes that will be owed by or withheld from payments otherwise due to the Executive on account of his taxable compensation under this Agreement for that year, being at least as high as such total after-tax compensation income for that year would have been if the Executive's compensation for that year would be taxed 100% as taxable compensation under U.S. federal and state taxes and 0% as taxable compensation under the tax laws of other jurisdictions.
