Common use of Tax Treatment for Individual Settlement Shares Clause in Contracts

Tax Treatment for Individual Settlement Shares. Each Participating Class Member’s Individual Settlement Share will be apportioned as follows: ten percent (10%) wages and ninety percent (90%) interest, penalties, and reimbursements. The portion paid as wages shall be subject to all tax withholdings customarily made from an employee’s wages and all other authorized and required withholdings and shall be reported by W- 2 forms. The amounts paid as penalties and interest shall be subject to all authorized and required withholdings other than the tax withholdings customarily made from employees’ wages and shall be reported by IRS 1099 forms. The employees’ shares of payroll tax withholdings shall be withheld from each person’s Individual Settlement Share. Participating Class Members will be responsible for the payment of any taxes and penalties assessed on the Individual Settlement Shares and will be solely responsible for any penalties or other obligations resulting from their personal tax reporting of Individual Settlement Shares.

Tax Treatment for Individual Settlement Shares. Each Participating Class Member’s Individual Settlement Share will be apportioned as follows: ten percent (10%) wages and ninety percent (90%) interest, penalties, and reimbursements. The portion paid as wages shall be subject to all tax withholdings customarily made from an employee’s wages and all other authorized and required withholdings and shall be reported by W- 2 forms. The amounts paid as penalties and interest shall be subject to all authorized and required withholdings other than the tax withholdings customarily made from employees’ wages and shall be reported by IRS 1099 forms. The employees’ shares share of payroll tax withholdings shall be withheld from each person’s persons’ Individual Settlement Share. Participating Class Members will be responsible for the payment of any taxes and penalties assessed on the Individual Settlement Shares and will be solely responsible for any penalties or other obligations resulting from their personal tax reporting of Individual Settlement Shares.

Tax Treatment for Individual Settlement Shares. Each Participating Class Member’s Individual Settlement Share will be apportioned as follows: ten twenty percent (1020%) wages and ninety eighty percent (9080%) interest, penalties, penalties and reimbursementsinterests. The portion paid as wages shall be subject to all tax withholdings customarily made from an employee’s wages and all other authorized and required withholdings and shall be reported by W- 2 W-2 forms. The amounts paid as penalties and interest shall be subject to all authorized and required withholdings other than the tax withholdings customarily made from employees’ wages and shall be reported by IRS 1099 forms. The employees’ shares share of payroll tax withholdings shall be withheld from each person’s persons’ Individual Settlement Share. Participating Class Members will be responsible for the payment of any taxes and penalties assessed on the Individual Settlement Shares and will be solely responsible for any penalties or other obligations resulting from their personal tax reporting of Individual Settlement Shares.

Tax Treatment for Individual Settlement Shares. Each Participating Class Member’s Individual Settlement Share will be apportioned as follows: ten twenty percent (1020%) wages and ninety eighty percent (9080%) interest, penalties, and reimbursements. The portion paid as wages shall be subject to all tax withholdings customarily made from an employee’s wages and all other authorized and required withholdings and shall be reported by W- 2 forms. The amounts paid as penalties and interest shall be subject to all authorized and required withholdings other than the tax withholdings customarily made from employees’ wages and shall be reported by IRS 1099 forms. The employees’ shares share of payroll tax withholdings shall be withheld from each person’s persons’ Individual Settlement Share. Participating Class Members will be responsible for the payment of any taxes and penalties assessed on the Individual Settlement Shares and will be solely responsible for any penalties or other obligations resulting from their personal tax reporting of Individual Settlement Shares.