Common use of Standard Procedure Clause in Contracts

Standard Procedure. Pursuant to the “Standard Procedure” provided in section 5 of Revenue Procedure 2004-53, 2004-34 I.R.B. 320, (i) Purchaser and Seller shall report on a predecessor/successor basis as set forth therein, (ii) Seller shall not be relieved from filing a Form W-2 with respect to any Transferred Employees, and (iii) Purchaser shall undertake to file (or cause to be filed) a Form W-2 for each such Transferred Employee only with respect to the portion of the year during which such Transferred Employees are employed by Purchaser that includes the Closing Date, excluding the portion of such year that such Transferred Employee was employed by Seller.

Standard Procedure. Pursuant With respect to Transferred Employees eligible to receive a Form W-2 and pursuant to the “Standard Procedure” provided in section 5 Section 4 of Revenue Procedure 2004-532004‑53, 2004-34 I.R.B. 2004‑2 C.B. 320, (ia) Purchaser Buyer and Seller shall report on a predecessor/successor basis as set forth therein, (iib) Seller shall will not be relieved from filing a Form W-2 W‑2 with respect to any Transferred Employees, Employees and (iiic) Purchaser shall Buyer will undertake to file (or cause to be filed) a Form W-2 W‑2 for each such Transferred Employee only with respect to the portion of the year during which such Transferred Employees are Employee is employed by Purchaser that includes the Closing DateBuyer, excluding the portion of such year that such Transferred Employee was employed by Seller.

Standard Procedure. Pursuant With respect to Transferred Employees eligible to receive a Form W-2 and pursuant to the “Standard Procedure” provided in section 5 Section 4 of Revenue Procedure 2004-53, 2004-34 I.R.B. 2 C.B. 320, (ia) Purchaser the Buyer and the Seller shall report report, or cause to be reported, on a predecessor/successor basis as set forth therein, ; (iib) the Seller shall will not be relieved from filing a Form W-2 with respect to any Transferred Employees, ; and (iiic) Purchaser shall the Buyer will undertake to file (or cause to be filed) a Form W-2 for each such Transferred Employee only with respect to the portion of the year during which such Transferred Employees are Employee is employed by Purchaser that includes the Closing DateBuyer or an Affiliate of the Buyer, excluding the portion of such year that such Transferred Employee was employed by the Seller.

Standard Procedure. Pursuant to the “Standard Procedure” provided in section 5 of Revenue Procedure 2004-53, 2004-34 I.R.B. 320, (i) Purchaser Buyer and Seller shall report on a predecessor/successor basis as set forth therein, (ii) Seller shall not be relieved from filing a Form W-2 with respect to any Transferred EmployeesEmployee employed by Seller prior to the Closing Date (but only with respect to sums earned prior to the Closing Date), and (iii) Purchaser shall Buyer will undertake to file (or cause to be filed) a Form W-2 for each such Transferred Employee only with respect to the portion of the year during which such Transferred Employees are Employee is employed by Purchaser Buyer that includes the Closing Date, excluding the portion of such year that such Transferred Employee was employed by Seller.