Income Tax Obligations. Any tax obligations relating to Borrower’s and/or Eligible Driver’s use of the Loaned Vehicle shall be Borrower’s sole responsibility.
Income Tax Obligations. The Parties make no representation herein regarding the taxability of any portion of the payments made under this Agreement. Settlement Beneficiaries will be solely responsible for their own tax filing and payment obligations arising from such payments. Nothing in this paragraph is intended to alter the duties of the Settlement Administrator set forth in this Agreement.
Income Tax Obligations. No representation has been made to the Plaintiffs, Class Members or Sub-Class Members, or their attorneys by FXG regarding the taxability of any portion of the payments under this Agreement. Plaintiffs, Class Members, Sub-Class Members, and Class Counsel are solely responsible for their own tax filing and payment obligations arising from this Agreement, except that the Settlement Administrator will provide Plaintiffs, Class Members, Sub-Class Members, and Class Counsel with copies of IRS Forms 1099 and/or W-2 as applicable for any payments the Class Settlement Fund makes to them under this Agreement.
Income Tax Obligations. It is hereby expressly understood that Company shall be liable for any and all taxes imposed on Trust income or assets. All such taxes are to be paid by Company from sources other than the assets or income of this Trust, and, except to the extent otherwise authorized by Section 4 hereof, Trustee shall, under no circumstances, transfer any portion of such income or assets to Company for the payment of same.
Income Tax Obligations. In accordance with current IRS regulations, the grant of Phantom Restricted Stock Rights and subsequent exchange thereof for Phantom Restricted Common Stock will not result in taxable income to you until the lapsing of all restrictions. At that time, GATX will have the right to withhold from any transfer or payment, all federal, state and FICA taxes. You agree to pay GATX in cash or shares, any amount required to be withheld for any applicable employment or withholding taxes. You also agree that GATX may condition delivery of vested and non-restricted Common Stock certificates upon receipt of your payment. Alternatively, you may elect to recognize taxable income under the Internal Revenue Code Section 83(b) upon receipt of the Phantom Restricted Common Stock. The amount of taxable income to be recognized is the fair market value of the Phantom Restricted Common Stock on the date of receipt. You are encouraged to consult with your tax advisor regarding the federal and state income tax implications of the grant of Phantom Rights and Phantom Restricted Common Stock.
Income Tax Obligations. The Settlement Payment is allocated by the Parties to compensate for the reimbursement of expenses (whether deducted from contractual payments to Settlement Collective Members or paid separately by Settlement Collective Members), statutory penalties and interest. No representation has been made to the Named Plaintiffs, Settlement Collective Members, or their attorneys by Kinray and/or Cardinal regarding the taxability of any portion of the payments under this Agreement. Named Plaintiffs, Settlement Collective Members, and Collective Counsel are solely responsible for their own tax filing and payment obligations arising from this Agreement, except that the Settlement Administrator will provide Named Plaintiffs, Claiming Collective Members, and Collective Counsel with copies of IRS Forms 1099 for any payments the Settlement Fund makes to them under this Agreement. If any taxing authority imposes employment taxes because any portion of the Settlement Payment is determined to be taxable wages, Defendants agree that they will be responsible for the employer share of such taxes rather than Named Plaintiffs or Claiming Collective Members and that such tax liability will be administered by the Settlement Administrator. The Named Plaintiffs and Claiming Collective Members shall be responsible for the employee share of such taxes. Nothing in this Paragraph is intended to alter the duties of the Settlement Administrator set forth in this Agreement.
Income Tax Obligations. The Settlement Payment is allocated by the Parties to compensate for the reimbursement of expenses (whether deducted from contractual payments to Plaintiffs or paid separately by Plaintiffs) and interest. No representation has been made to the Plaintiffs, Class Members, or their attorneys by FXG regarding the taxability of any portion of the payments under this Agreement. Plaintiffs, Class Members, and Class Counsel are solely responsible for their own tax filing and payment obligations arising from this Agreement, except that the Settlement Administrator will provide Plaintiff, Class Members, and Class Counsel with copies of IRS Forms 1099 for any payments the Class Settlement Fund makes to them under this Agreement. If any taxing authority imposes employment taxes because any portion of the Settlement Payment is determined to be taxable wages, the Settlement Administrator shall be responsible for the employer share of such taxes. However, as between the Parties, FXG agrees that it is responsible for the employer share of such taxes rather than Plaintiffs or Class Members. Nothing in this paragraph is intended to alter the duties of the Settlement Administrator set forth in this Agreement.
Income Tax Obligations. No representation has been made to the Plaintiffs, Class Members, or their attorneys by the City regarding the taxability of any portion of the payments under this Agreement. Plaintiffs, Class Members, and Class Counsel are solely responsible for their own tax filing and payment obligations arising from this Agreement.
