Common use of Income and Employment Taxes Clause in Contracts

Income and Employment Taxes. Employees agrees that he/she shall be responsible for any applicable taxes of any nature (including any penalties or interest that may apply to such taxes) that the Company reasonably determines apply to any payment made hereunder, that his/her receipt of any benefit hereunder is conditioned on his/her satisfaction of any applicable withholding or similar obligations that apply to such benefit, and that any cash payment owed hereunder will be reduced to satisfy any such withholding or similar obligations that may apply.

Appears in 5 contracts

Samples: Control and Severance Agreement (Anacor Pharmaceuticals Inc), Change of Control and Severance Agreement (Anacor Pharmaceuticals Inc), Control and Severance Agreement (Anacor Pharmaceuticals Inc)

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Income and Employment Taxes. Employees Employee agrees that he/she Employee shall be responsible for any applicable taxes of any nature (including any penalties or interest that may apply to such taxes) that the Company reasonably determines apply to any payment made hereunder, that his/her Employee’s receipt of any benefit hereunder is conditioned on his/her Employee’s satisfaction of any applicable withholding or similar obligations that apply to such benefit, and that any cash payment owed hereunder will be reduced to satisfy any such withholding or similar obligations that may apply.

Appears in 4 contracts

Samples: Change of Control and Severance Agreement (World Heart Corp), Change of Control and Severance Agreement (World Heart Corp), Change of Control and Severance Agreement (World Heart Corp)

Income and Employment Taxes. Employees agrees that he/she he shall be responsible for any applicable taxes of any nature (including any penalties or interest that may apply to such taxes) that the Company reasonably determines apply to any payment made hereunder, that his/her his receipt of any benefit hereunder is conditioned on his/her his satisfaction of any applicable withholding or similar obligations that apply to such benefit, and that any cash payment owed hereunder will be reduced to satisfy any such withholding or similar obligations that may apply.

Appears in 2 contracts

Samples: Change of Control and Severance Agreement (Anacor Pharmaceuticals Inc), Anacor Pharmaceuticals Inc

Income and Employment Taxes. Employees agrees that he/she shall be responsible for any applicable taxes of any nature (including any penalties or interest that may apply to such taxes) that the Company reasonably determines apply to any payment made hereunder, that his/her receipt of any benefit hereunder is conditioned on his/her satisfaction of any applicable withholding or similar obligations that apply to such benefit, and that any cash payment owed hereunder will be reduced to satisfy any such withholding or similar obligations that may apply.

Appears in 2 contracts

Samples: Change of Control and Severance Agreement (Anacor Pharmaceuticals Inc), And Severance Agreement (Anacor Pharmaceuticals Inc)

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Income and Employment Taxes. Employees Employee agrees that he/she shall be responsible for any applicable taxes of any nature (including any penalties or interest that may apply to such taxes) that the Company reasonably determines apply to any payment made benefit provided hereunder, and that his/her receipt of any benefit hereunder is conditioned on his/her satisfaction of any applicable withholding or similar obligations that apply to such benefit, and that any cash payment owed hereunder will be reduced to satisfy any such withholding or similar obligations that may apply.

Appears in 1 contract

Samples: Change of Control Agreement (Netlogic Microsystems Inc)

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