Applicable Withholding Sample Clauses
The Applicable Withholding clause defines the obligation of one party to withhold certain amounts from payments made to another party, typically to comply with tax laws or regulatory requirements. In practice, this means that if a payment is subject to withholding tax, the paying party will deduct the required amount before remitting the balance to the recipient, and may also be responsible for remitting the withheld amount to the appropriate tax authority. This clause ensures that both parties are aware of and comply with legal withholding obligations, thereby reducing the risk of tax non-compliance and potential penalties.
Applicable Withholding. All salary, bonus, severance and other payments identified in this Agreement are subject to applicable withholding by the Company.
Applicable Withholding. All payments to the Executive shall be subject to all federal, state and local withholding obligations which shall be administered in accordance with the Company's customary payroll practices.
Applicable Withholding. All payments under this Agreement shall be subject to all applicable foreign, federal, state and local withholdings, as well as all authorized or required deductions.
Applicable Withholding. All payments under this Agreement shall be subject to all applicable foreign, federal, state and local withholdings, as well as all authorized or required deductions. The Company shall pay the Bermuda payroll tax (employer and employee portions), except for 1.7% allocated to the Executive in respect of the employ e portion. However, the Company reserves the right to review. amend and terminate this benefit at any time. Executive shall be responsible for amounts not paid by the Company, which amounts may be withheld by the Company from Executive’s compensation.
Applicable Withholding. The compensation and benefits contemplated by this Agreement shall be subject to withholding for applicable taxes and other customary withholding obligations.
Applicable Withholding. The Annual Payments shall be subject to and reduced by FBN’s withholding obligations required to satisfy applicable Federal, state, and local taxes, or any other applicable legal withholding requirements.
Applicable Withholding. All amounts payable hereunder shall be subject to the withholding of all applicable taxes and deductions required by any applicable law or company sponsored plan.
Applicable Withholding. In the event it is determined by any Taxing Authority that any payment or transfer of property under this Agreement is subject to withholding Tax or reduction under applicable Law, the Transferees shall indemnify the Transferors for the amount of any such withholding Tax or reduction determined by the Taxing Authority to be payable by the either of the Transferors. Such amounts shall be payable within five Business Days of the receipt of notice by the Transferees of such Taxing Authority's determination and (whether or not determined to be payable by the Transferors) shall not be subject to Section 8.2 or Section 8.3.
Applicable Withholding. Any payments or benefits to be provided to the Executive, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, or any person or entity claiming through the Executive, in accordance with this Agreement or otherwise shall be subject to any applicable withholding required under federal, state or local law and any additional withholding to which the Executive has agreed. No Releasee shall be responsible for any tax imposed upon the Executive, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, or other person or entity with respect to any such payment. 7.