Common use of Payroll Taxes and Reporting Clause in Contracts

Payroll Taxes and Reporting. The Parties shall, to the extent practicable, (i) treat Veralto or a member of the Veralto Group as a “successor employer” and Xxxxxxx (or the appropriate member of the Xxxxxxx Group) as a “predecessor,” within the meaning of Sections 3121(a)(1) and 3306(b)(1) of the Code, with respect to Veralto Employees for purposes of Taxes imposed under the United States Federal Unemployment Tax Act or the United States Federal Insurance Contributions Act, and (ii) cooperate with each other to avoid, to the extent possible, the filing of more than one IRS Form W-2 with respect to each Veralto Employee for the calendar year in which the Distribution Date occurs.