AUTHORIZED WITHHOLDING. Upon request of the Assistant Superintendent, the Board may withhold from the Assistant Superintendent’s salary such sums for transmittal to insurance plans for other purposes as the Assistant Superintendent may require and the District can legally provide.
AUTHORIZED WITHHOLDING. Upon the request of the General Counsel, District shall cause to be withheld from General Counsel’s salary, such sums for transmittal to retirement plans, insurance plans, or other purposes as General Counsel may request.
AUTHORIZED WITHHOLDING. Each Member authorizes the Company to withhold from or pay on behalf of or with respect to the Member any amount of federal, state, local, or foreign taxes that the Managers determine the Company may be required to withhold or pay to any Governmental Authority with respect to any amount distributable or allocable to the Member pursuant to this Agreement. Except as otherwise provided in this Agreement to the contrary, any amount withheld from any distribution otherwise payable to a Member will be deemed to have been distributed to the Member for purposes of this Agreement and paid by such Member to the relevant taxing authority. Any amount paid on behalf of or with respect to a Member other than amounts withheld from distributions otherwise payable to a Member shall constitute a loan by the Company to the Member, which loan shall be due within 15 days after repayment is demanded of the Member in question by either Manager. Any amounts payable by a Member hereunder shall bear interest at 18% per annum, such interest to accrue from the date such amount is due (i.e., 15 days after demand by the Managers) until such amount is paid in full. If there is an amount of withholding for federal, state, local or foreign taxes required to be paid by the Company to any Governmental Authority as a result of an allocation to a Member hereunder (the "Subject Member") and the Company does not have sufficient cash available to make any such payment, then the Subject Member shall, within 10 days of demand from the Managers, pay to the Company any amount of such payment required to be paid to the Governmental Authority. Any such payment to the Company by the Subject Member shall not constitute a Capital Contribution.
AUTHORIZED WITHHOLDING. Each Member authorizes the Company to withhold from or pay on behalf of or with respect to the Member any amount of federal, state, local, or foreign taxes that the Board of Managers determines the Company may be required to withhold or pay to any Governmental Authority with respect to any amount distributable or allocable to the Member pursuant to this Agreement. Except as otherwise provided in this Agreement to the contrary, any amount withheld from any distribution otherwise payable to a Member will be deemed to have been distributed to the Member for purposes of this Agreement and paid by such Member to the relevant taxing authority. Any amount paid on behalf of or with respect to a Member other than amounts withheld from distributions otherwise payable to a Member shall constitute a loan by the Company to the Member, which loan shall be due within fifteen (15) days after repayment is demanded of the Member in question by the Board of Managers. Any amounts payable by a Member hereunder shall bear interest at 18% per annum, such interest to accrue from the date such amount is due (i.e., fifteen (15) days after demand by the Board of Managers) until such amount is paid in full.
