PHCO definition
Examples of PHCO in a sentence
You acknowledge that, regardless of any action taken by PHCO and/or, any Subsidiary that employs you, the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), is and remains your responsibility and may exceed the amount actually withheld by PHCO or a Subsidiary.
These laws may be the same or different from any PHCO ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy.
It is understood that ▇▇▇▇▇▇▇ & Associates has a separate agreement with a specific Medex employer client for consulting services unrelated to PHCO business, and, at the request of the Company, and in a separate agreement by and between Consultant and Company, Company shall pass through payment for such services to Consultant on a monthly basis.
In order to comply with any applicable Tax-Related Item, PHCO may take such action as it deems appropriate to ensure that all applicable federal or state payroll, withholding, income or other taxes, which are your sole and absolute responsibility, are withheld or collected from you.
PH and PHCO agree that in the event there is any default or alleged default by MGM under the arrangements contemplated by this Agreement, or PH or any member of the PH Group has any claim arising from the arrangements contemplated by this Agreement, neither PH nor PHCO nor any other member of PHCO Group shall seek to impose any liability directly against K▇▇▇ ▇▇▇▇▇▇▇▇▇ or Tracinda Corporation.
PHCO is relying upon your representations and warranties contained herein in connection with this Agreement, this award of Restricted Stock and the issuance of the Shares of Restricted Stock.
The value of your Restricted Stock and the underlying Shares under this Agreement will not be taken into account in computing the amount of your salary or other compensation for purposes of determining any pension, retirement, death or other benefit under any employee benefit plan of PHCO or any Subsidiary, except to the extent such plan or another agreement between you and PHCO specifically provides otherwise.
Nothing in this Agreement or the Plan creates any fiduciary or other duty to you owed by PHCO, any Subsidiary, or any member of the Board except as expressly stated in this Agreement or the Plan.
PH and PHCO agree, to the extent that either of them has such information, to provide the same to the MGM Regulators and otherwise to use all reasonable endeavours to cause such PHCO Beneficiaries to supply such information.
You agree to consult with any tax advisors you think necessary in connection with your Restricted Stock and acknowledge that you are not relying, and will not rely, on PHCO or a Subsidiary for any tax advice.