Change in Tax Rates Sample Clauses

Change in Tax Rates. If the rate of sales, use, payroll, or other similar direct taxes on materials, equipment, or labor required for the performance of the Work shall increase above the rate in force on the date of the GMP Change Order, then the Cost of Work Component (but not the Fee or Construction Overhead Component) of the GMP Change Order shall be increased by the amount of additional taxes incurred by CM/GC as a result of such change in rate. A written claim shall be made promptly after CM/GC receives notice of such tax increase. If the tax rates decrease, the estimated amount of saved taxes due to the decrease as yet unexpended shall be moved into the Construction Contingency.
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Change in Tax Rates. No Seller shall be liable for any claim under the Warranties to the extent that the claim arises or is increased wholly or partly as a result of any increase or change in rates or incidence of Taxation since the date of this agreement, save to the extent of any change that was published but not brought into force prior to signing of this agreement.
Change in Tax Rates. In the event of an increase in payroll-based taxes including Social Security, Federal unemployment, State unemployment or premiums payable on behalf of Sodexho's Management and Productive Labor for Workers' Compensation, General Liability or fringe benefits then the Contract Price shall be increased by the projected increase in cost to Sodexho from the date of change in tax rates.

Related to Change in Tax Rates

  • Withholding; Tax Effect All payments made by the Company to the Executive under this Agreement shall be net of any tax or other amounts required to be withheld by the Company under applicable law. Nothing in this Agreement shall be construed to require the Company to make any payments to compensate the Executive for any adverse tax effect associated with any payments or benefits or for any deduction or withholding from any payment or benefit.

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