PAYMENTS FOR TAXES. The Settlement Administrator is responsible for filing tax returns and related forms, if necessary, for income earned on the Settlement Amount. Any required federal or state taxes will be paid from the Settlement Amount without further order or approval of the Court. Releasees shall not have any liability or responsibility for tax expenses or filing of tax returns.
PAYMENTS FOR TAXES. In accordance with Section 409A and the regulations issued thereunder, this Agreement shall permit the payment of amounts necessary to (a) satisfy the employment tax withholding obligations that arise under this Agreement prior to the date that payment may otherwise be made under this Agreement and/or (b) satisfy the excise tax or underpayment penalties owed under Section 409A in the event of a violation of Section 409A under this Agreement.
PAYMENTS FOR TAXES. During the Contract Period, any payments that are made on behalf of Xxxxxxxxxx by the Trust, other than for salary (including deferred compensation), cash bonuses, and restricted shares, that are required by the independent auditors of the Trust to be included in his income, for federal, state, and local income tax will be paid to him on a “grossed-up” basis equal to his federal, state, and local tax liabilities resulting therefrom.
PAYMENTS FOR TAXES. During the Contract Period, any payments that are made on behalf of Dee by the Trust, other than for salary (including deferred compensation), cash bonuses, and restricted shares, that are required by the independent auditors of the Trust to be included in his income, for federal, state, and local income tax will be paid to him on a “grossed-up” basis equal to his federal, state, and local tax liabilities resulting therefrom.
PAYMENTS FOR TAXES. Notwithstanding anything to the contrary herein, within five days following each Quarterly Payment Date, the Authority shall make a cash payment to L/C Provider with respect to this Note in an amount equal to the excess of (A) the Minimum Tax Payment Amount over (B) the sum of (x) the cumulative amount of cash payments with respect to Fixed Interest or Contingent Interest pursuant to Section 2 hereof, for this Note and (y) the cumulative amount of cash payments previously made pursuant to this Section 3.02. Any payments made pursuant to this Section 3.02, shall be treated as payments of accrued Interest with respect to this Note and shall reduce, as applicable, the accrued Fixed Interest and Contingent Interest with respect to this Note.
PAYMENTS FOR TAXES. During the Contract Period, any payments that are made on behalf of Edelman by the Trust, other than for salary (including deferred compensation), cash bonuses, and restricted shares, that are required by the independent auditors of the Trust to be included in his income, for federal, state, and local income tax will be paid to him on a “grossed-up” basis equal to his federal, state, and local tax liabilities resulting therefrom.
PAYMENTS FOR TAXES. Notwithstanding anything to the contrary herein, within five days following each Quarterly Payment Date, the Authority shall make a cash payment to Manager with respect to this Note in an amount equal to the excess of (A) the Minimum Tax Payment Amount over (B) the sum of (x) the cumulative amount of cash payments with respect to Interest pursuant to Section 2 hereof, and (y) the cumulative amount of cash payments previously made pursuant to this Section 3.02. Any payments made pursuant to this Section 3.02, shall be treated as payments of accrued Interest with respect to this Note and shall reduce, as applicable, the accrued Interest with respect to this Note.
PAYMENTS FOR TAXES. During the Contract Period, any payments that are made on behalf of Kuhn by the Trust, other than for salary (including deferred compensaxxxx), cash bonuses, and restricted shares, that are required by the independent auditors of the Trust to be included in his income, for federal, state, and local income tax will be paid to him on a "grossed-up" basis equal to his federal, state, and local tax liabilities resulting therefrom.
