Common use of Taxes and Indemnification Clause in Contracts

Taxes and Indemnification. Employee agrees to pay all taxes (other than payroll taxes) found to be owed based upon the consideration provided to or on behalf of Employee under this Agreement and to indemnify and hold the Company harmless for any federal, state and local tax liability (including taxes, interest, penalties or the like, and required withholdings), which may be asserted against or imposed upon the Released Parties by any taxing authority related to such consideration due to Employee’s non-payment of taxes for which Employee is legally responsible. Employee understands and agrees that the Company may file any necessary tax documentation regarding the consideration provided to or on behalf of Employee under this Agreement. Employee and the Company acknowledge that nothing herein constitutes tax advice to the other Party.

Appears in 1 contract

Samples: Separation Agreement and General Release (Kubient, Inc.)

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Taxes and Indemnification. Employee agrees to pay all taxes (other than payroll taxes) found to be owed based upon the consideration Consideration provided to or on behalf of Employee under this Agreement and to indemnify and hold the Company harmless for any federal, state and local tax liability (including taxes, interest, penalties or the like, and required withholdings), which may be asserted against or imposed upon the Released Parties by any taxing authority related to such consideration due to Employee’s non-payment of taxes for which Employee is legally responsible. Employee understands and agrees that the Company may file any necessary tax documentation regarding the consideration Consideration provided to or on behalf of Employee under this Agreement. Employee and the Company acknowledge that nothing herein constitutes tax advice to the other Party.

Appears in 1 contract

Samples: Separation Agreement and General Release (Kubient, Inc.)

Taxes and Indemnification. Employee agrees to pay all taxes (other than payroll taxes) found to be owed based upon the consideration provided to or on behalf of Employee under this Agreement and to indemnify and hold the Company harmless for any federal, state and local tax liability (including taxes, interest, penalties or the like, and required withholdings), which may be asserted against or imposed upon the Released Parties by any taxing authority related to such consideration due to Employee’s non-payment of taxes for which Employee is legally responsible. Employee understands and agrees that the Company may file any necessary tax documentation regarding the consideration provided to or on behalf of Employee payments made under this Agreement. Employee and the Company acknowledge that nothing herein constitutes tax advice to the other Party.

Appears in 1 contract

Samples: Separation Agreement and General Release (XPO, Inc.)

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Taxes and Indemnification. Employee agrees to pay all taxes (other than payroll taxes) found to be owed based upon the monetary consideration provided to or on behalf of Employee under this Agreement and to indemnify and hold the Company Employer harmless for any federal, state and local tax liability (including taxes, interest, penalties or the like, and required withholdings), which may be asserted against or imposed upon the Released Parties Employer by any taxing authority related to such consideration due to Employee’s non-payment of taxes for which Employee is legally responsible. Employee understands and agrees that the Company Employer may file any necessary tax documentation regarding the consideration provided to or on behalf of Employee under this Agreement. Employee and the Company The Parties acknowledge that nothing herein constitutes tax advice to the other Party.

Appears in 1 contract

Samples: Separation Agreement and General Release (Purple Innovation, Inc.)

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