Actual Tax Return Balances. Upon receipt of the completed tax returns, the executive is expected to pay any balance due. Conversely, if the actual returns generate a refund, the executive will collect the refund. Both balances due and refunds owed will be included as part of the tax equalization settlement (see above). BKC may, at its discretion, make direct payments to the taxing authorities on behalf of the executive for taxes owed when the tax is BKC’s responsibility, as determined by the tax equalization settlement.
Appears in 9 contracts
Samples: Employment Covenants Agreement (Restaurant Brands International Inc.), Employment and Post Employment Covenants Agreement (Restaurant Brands International Inc.), Employment and Post Employment Covenants Agreement (Restaurant Brands International Inc.)
