Withholdings; Deductions Clause Samples
The 'Withholdings; Deductions' clause defines the parties' obligations regarding the deduction of taxes or other required amounts from payments made under the agreement. Typically, it specifies that if a party is legally required to withhold taxes or other charges from payments, they must do so and may need to provide documentation or receipts to the other party. This clause ensures compliance with tax laws and clarifies how such deductions affect the net amounts received, thereby preventing disputes over payment shortfalls due to mandatory withholdings.
Withholdings; Deductions. The Company may withhold and deduct from any benefits and payments made or to be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling and (b) any deductions consented to in writing by Employee.
Withholdings; Deductions. All payments under the Agreement are subject to applicable tax withholdings and other legally required or authorized deductions.
Withholdings; Deductions. Employer is authorized to withhold and deduct from any benefits, amounts, or payments related to this Agreement or Employee’s employment (a) all federal, state, local and other taxes and (b) any applicable deductions or withholdings.
Withholdings; Deductions. The Company may withhold and deduct from any benefits and payments made or to be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling and (b) any deductions consented to by Executive.
Withholdings; Deductions. Employer may withhold and deduct from any benefits and payments made or to be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling and (b) any deductions consented to in writing by Executive.
Withholdings; Deductions. The Company and any other Company Party (including Union Pacific Railroad Company) may withhold and deduct from any payments or benefits made or to be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling and (b) any other deductions consented to in writing by Executive.
Withholdings; Deductions. All amounts payable under this Agreement are subject to applicable deductions and withholdings.
Withholdings; Deductions. The Corporation shall deduct and withhold from any compensation payable to Executive under this Agreement any and all applicable federal, state and local income and employment withholding taxes and any other amounts required to be deducted or withheld by the Corporation under applicable statutes, regulations, ordinances or orders. The Corporation shall deduct such additional amounts from Executive’s cash compensation as designated in writing by Executive to the extent permitted by applicable law.
Withholdings; Deductions. The Company and General Partner may withhold and deduct from any benefits and payments made or to be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling and (b) any deductions consented to in writing by Executive. The parties will work together to determine a mutually agreeable tax efficient arrangement for structuring of the Incentive Compensation detailed in Exhibit A. Additionally, the parties will work together to allow Executive to allocate any Incentive Compensation detailed in Exhibit A to an entity or trust that Executive controls.
Withholdings; Deductions. If, under applicable Laws, any Party is required to withhold or deduct any portion of the payments due to the other Party, then the sum payable to that Party would be grossed-up by the amount necessary to yield an amount equal to the sum it would have received had no withholdings or deductions been made.