Common use of Tax Effect Clause in Contracts

Tax Effect. All payments or benefits provided hereunder shall be subject to deduction for applicable withholding. Executive acknowledges that he is responsible for payment of all income taxes in connection with any payment or benefit owed to Executive under this Agreement, and that either withholding from Executive’s compensation or payment to the Operating Subsidiary of such tax shall be due at such time as income is recognized.

Tax Effect. All payments or benefits provided hereunder shall be subject to deduction for applicable withholding. Executive acknowledges that he is responsible for payment of all income taxes in connection with any payment or benefit owed to Executive under this Agreement, and that either withholding from Executive’s 's compensation or payment to the Operating Subsidiary of such tax shall be due at such time as income is recognized.

Tax Effect. All payments or benefits provided hereunder shall be subject to deduction for applicable withholding. Executive acknowledges that he is responsible for payment of all income taxes in connection with any payment or benefit owed to Executive under this Agreementthe restricted stock award, and that either withholding from Executive’s compensation salary or payment to the Operating Subsidiary of such tax shall be due at such time as income is recognized.

Tax Effect. All payments or benefits provided hereunder shall be subject to deduction for applicable withholding. Executive acknowledges that he is responsible for payment of all income taxes in connection with any payment or benefit owed to Executive under this Agreementthe stock award, and that either withholding from Executive’s compensation salary or payment to the Operating Subsidiary of such tax shall be due at such time as income is recognized.

Tax Effect. All payments or benefits provided hereunder shall be subject to deduction for applicable withholding. Executive acknowledges that he is responsible for payment of all income taxes in connection with any payment or benefit owed to Executive under this Agreementthe exercise of his stock option, and that either withholding from Executive’s compensation salary or payment to the Operating Subsidiary of such tax shall be due at a condition of such time as income is recognizedexercise.