Common use of Tax Allocation of Individual Class Payments Clause in Contracts

Tax Allocation of Individual Class Payments. 33% of each Individual Class Payment will be allocated to . The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. The 67% Individual Class Payment will be allocated to settlement of claims for interest and penalties -Wage The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 2 contracts

Samples: Class Action and Paga Settlement Agreement and Class Notice, Class Action and Paga Settlement Agreement

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Tax Allocation of Individual Class Payments. 3320% of each Individual Class Payment will be allocated to . The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. The 6780% of each Participatin Individual Class Payment will be allocated to settlement of claims for interest and penalties - -Wage The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Samples: Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 33100% of each Individual Participating Class Payment will be allocated to . The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. The 67% Member’s Individual Class Payment will be allocated to settlement of non-PAGA claims for and shall be allocated 20% to wages which will be reported on IRS W-2 forms, and 80% to interest and penalties -Wage The Non-Wage Portions which are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Samples: Agreement and Class Notice

Tax Allocation of Individual Class Payments. 33100% of each Individual Participating Class Payment will be allocated to . The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. The 67% Member’s Individual Class Payment will be allocated to settlement of claims for reimbursement payments and interest and penalties -Wage The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Samples: Class Action and Paga Settlement Agreement

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Tax Allocation of Individual Class Payments. 3315% of each Individual Class Payment will be allocated to . The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. The 6775% Individual Class Payment will be allocated to of each settlement of claims for interest and penalties -Wage and 10% to reimbursements (the - The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Samples: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 33% of each Individual Class Payment will be allocated to . The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. The 67% Individual of each Participating Class Payment will be allocated to settlement of claims for interest and penalties -Wage The (the -Wa Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Samples: Class Action and Paga Settlement Agreement and Class Notice

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