Employment Tax Sample Clauses

Employment Tax. The Purchasers and the Sellers agree that they will follow the standard procedure of Rev. Proc. 2004-53, 2004-53 I.R.B. 320, whereby each shall be solely responsible for employment tax reporting for employees who may be employed by any of them in the calendar year that includes the Closing Date or Transition Period, as applicable. The Sellers shall provide the Purchasers with such employment tax information as the Purchasers shall reasonably request in connection with each Purchaser’s employment tax reporting obligations for the portion of the calendar year following the Closing, and the Purchasers shall provide the Sellers with such employment tax information as the Sellers shall reasonably request in connection with the Sellers’ employment tax reporting obligations for the portion of the calendar year prior to the Closing. (f)
Sample 1
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Employment Tax. The Company shall pay on behalf of the Executive any Federal Insurance Contribution Act taxes (“Employment Taxes”) that are payable by the Executive with respect to a tax year as a result of (i) the Executive’s receipt of the Restricted Shares, (ii) the lapse of any Forfeiture Restrictions, or (iii) the Executive’s receipt of any amounts paid by the Company pursuant to this Section 7 (each an “Employment Tax Event”). Notwithstanding the provisions of the preceding sentence, the Executive agrees that if the Company is required to make a payment of Employment Taxes for a tax year with respect to the Executive under the first sentence of this Section 7(a) the Company may recompute from time to time during such year the Employment Taxes payable by the Executive for such year by treating all Employment Tax Events that have then occurred during such year as occurring after the payment by the Company of all other compensation then paid or payable by the Company to the Executive for such year and the Executive shall reimburse the Company for, and the Company is authorized to withhold from the compensation payable by the Company to the Executive for such year, the amount of any Employment Taxes paid by the Company with respect to the Executive in excess of the amount the Company is required to pay as indicated by such recomputation.
Sample 1
Employment Tax. Purchaser and Sellers agree that they will follow the standard procedure of Rev. Proc. 2004-53, 2004-2, C.B. 320, whereby each shall be solely responsible for employment tax reporting for employees who may be employed by each of them in the calendar year that includes the Closing Date. Sellers shall provide Purchaser with such employment tax information as Purchaser shall reasonably request in connection with Purchaser’s employment tax reporting obligations for the portion of the calendar year following the Closing.
Sample 1
Employment Tax. The Company shall reimburse to Executive in cash (i) the amount of employment taxes due and payable by him on that portion of the Delta which vests on each vesting date as set forth in Section 2 hereof, and (ii) the amount of taxes payable by Executive on such reimbursed amount (including, without limitation, any income tax, employment tax or excise tax), assuming that Executive is liable to pay such applicable taxes based on the highest marginal rate for each such tax, up to a maximum of $15,000 in the aggregate. The parties intend as a result of the application of this Section 7, that Executive shall not be responsible for bearing up to $15,000 of the costs in employment taxes on the value of the Delta which he is entitled to receive. The amount of reimbursement due Executive hereunder shall be remitted by the Company to the relevant tax authorities for the benefit of Executive at such times required by applicable law governing the Company’s withholding obligations, and any remaining amount shall be paid to Executive no later than ten business days thereafter.
Sample 1
Employment Tax. The Seller and the Buyer shall adopt the “alternative procedure” for preparing and filing IRS Forms W-2 (Wage and Tax Statements), as described in Revenue Procedure 2004-53. Under this procedure the Buyer as the successor employer shall provide all required Forms W-2 to all Hired Employees reflecting all wages paid and Taxes withheld by the Seller as the predecessor and the Buyer as the successor employer for the entire year during which the Closing occurs. The Seller and the Buyer shall adopt the alternative procedure of Rev. Proc. 2004-53 for purposes of filing IRS Forms W-4 (Employee’s Withholding Allowance Certificate) and W-5 (Earned Income Credit Advance Payment Certificate). Under this procedure the Seller shall provide to Buyer all IRS Forms W-4 and W-5 on file with respect to each Hired Employee, and the Buyer will honor these forms until such time, if any, that such Hired Employee submits a revised form.
Sample 1

Related to Employment Tax

  • Employment Taxes All payments made pursuant to this Agreement will be subject to withholding of applicable income and employment taxes.

  • Re-Employment If a Participant who incurs a Separation from Service is subsequently re-employed, he or she may, at the sole and absolute discretion of the Plan Administrator, become a Participant in accordance with the provisions of the Plan.

  • Employment Benefits In addition to the Salary payable to the Executive hereunder, the Executive shall be entitled to the following benefits:

  • Other Employment Benefits During the Employment Term, the Executive shall be entitled to the following employment benefits:

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

  • Employment Company hereby employs Executive, and Executive hereby accepts such employment, upon the terms and conditions set forth herein.

  • OUTSIDE EMPLOYMENT Employee shall devote his full time and attention to the performance of the duties incident to his position with the Company, and shall not have any other employment with any other enterprise or substantial responsibility for any enterprise which would be inconsistent with Employee’s duty to devote his full time and attention to Company matters without the prior consent of the Board of Directors.

  • Post-Employment Benefits A. If Employee's employment is terminated by ARAMARK for any reason other than Cause, Employee shall be entitled to the following post-employment benefits:

  • Grantee Employment Nothing contained in this Agreement, and no action of the Company or the Committee with respect hereto, shall confer or be construed to confer on the Grantee any right to continue in the employ of the Company or any of its Subsidiaries or interfere in any way with the right of the Company or any employing Subsidiary to terminate the Grantee's employment at any time, with or without cause; subject, however, to the provisions of any employment agreement between the Grantee and the Company or any Subsidiary.

  • Employment Position The parties agree that the employment of Executive by Employer shall continue for the term referred to in Section 2. Employer agrees to continue the employment of Executive in a senior officer position for both Employer and Bank with the same titles referenced above. Executive shall devote his full time during business hours to the performance of his duties hereunder and shall at all times use his best efforts to promote the best interests of Employer. Executive shall report to the Chief Executive Officer, or such other senior executive officer of Employer or Bank, as the Chief Executive Officer of Employer, the Chairman of the Board, or the Board of Directors (“Board”) shall direct.

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