Pediment definition
Examples of Pediment in a sentence
It is understood and agreed that this is an agreement for the performance of services and the Consultant will not be, nor be deemed to be an employee, partner or agent of Pediment for any purpose, and that the relationship of the Consultant to Pediment is that of an independent contractor.
The Consultant will indemnify and hold Pediment harmless from all claims, demands, suits, interest, penalties, and costs (including, without limitation, reasonable legal fees) relating to income tax, unemployment insurance and government pension plan contributions, and workers compensation assessments in respect of provision of the Services.
The Consultant will be solely responsible for the payment of all income taxes, government or private pension plan contributions, government or private health care premiums, employment insurance contributions and such other statutory payment, deductions or withholdings levied on the Consultant by the federal government of Canada or the United States or of any province of Canada or US state in respect of any and all amounts of compensation paid by Pediment to the Consultant.
Pediment may assign its rights and obligations hereunder to an affiliate.
The Consultant will invoice Pediment for Fees within 10 days after the end of each calendar month in which the Services were rendered and such invoices will be due and payable by Pediment within 21 days after receipt.
In consideration of Austin NV’s performance of its initial Earn-In Obligation, Pediment grants to Austin NV, and Austin NV shall have, the option and right, exercisable in Austin NV’s sole and exclusive discretion, to earn and vest an undivided fifty-one percent (51%) interest in the Property and to form a joint venture (the “Joint Venture”) for the management and ownership of the Property.
The provisions of this paragraph will not apply to any information which, through no act or omission of the Consultant, becomes generally known or, is furnished to others by Pediment without restriction or disclosure or is provided to the Consultant by a third party.
In addition, the Consultant will comply with all applicable statutes, laws, ordinances and regulations governing the performance of the Services and will make all required payments with respect to income taxes, unemployment insurance and government pension plans and will pay all assessments in connection with workers’ compensation legislation and will on request provide satisfactory evidence thereof to Pediment.
Austin NV quarterly shall provide to Pediment a description of the Expenditures made by Austin NV, and Pediment shall have the right to audit and inspect Austin NV’s records relating to such Expenditures.
Should the CRA or a US tax authority require that Pediment pay any such taxes on behalf of the Consultant, then the Consultant will promptly reimburse Pediment for such payments and Pediment will be allowed to deduct such payments from any and all amounts owing to the Consultant by Pediment or any of its subsidiaries.