Common use of Avoidance of Double Withholding Taxes Clause in Contracts

Avoidance of Double Withholding Taxes. The Purchasers and the Sellers hereby agree to adopt the alternative procedure described in Section 5 of the Revenue Procedure 2004-53, 34 I.R.B. 320 as promulgated by the IRS with respect to wage reporting, and F.I.C.A., withholding and similar tax and other collections applicable to the Sellers employees. Sellers shall indemnify and hold Purchasers harmless from any taxes Purchasers incur as a result of Sellers failure to comply with any employment tax matters.

Avoidance of Double Withholding Taxes. The Purchasers Purchaser and the Sellers Seller hereby agree to adopt acknowledge that the alternative standard procedure described in Section 5 4 of the Revenue Procedure 2004-53, 34 I.R.B. 320 53 as promulgated by the IRS with respect to wage reporting, and F.I.C.A., F.I.C.A. withholding and similar tax and other collections is applicable to the Sellers employees. Sellers shall indemnify and hold Purchasers harmless from any taxes Purchasers incur as a result Seller’s employees who become employees of Sellers failure to comply with any employment tax mattersPurchaser or its Affiliates.

Avoidance of Double Withholding Taxes. The Purchasers Purchaser and Seller hereby acknowledge that the Sellers hereby agree to adopt the alternative standard procedure described in Section 5 4 of the Revenue Procedure 2004-53, 34 I.R.B. 320 2004- 53 as promulgated by the IRS with respect to wage reporting, and F.I.C.A., F.I.C.A. withholding and similar tax and other collections is applicable to the Sellers employees. Sellers shall indemnify and hold Purchasers harmless from any taxes Purchasers incur as a result Seller’s employees who become employees of Sellers failure to comply with any employment tax mattersPurchaser or its Affiliates.

Avoidance of Double Withholding Taxes. The Purchasers Purchaser and Seller hereby acknowledge that the Sellers hereby agree to adopt the alternative standard procedure described in Section 5 4 of the Revenue Procedure 2004-53, 34 I.R.B. 320 53 as promulgated by the IRS with respect to wage reporting, and F.I.C.A., withholding and similar tax and other collections is applicable to the Sellers employees. Sellers shall indemnify and hold Purchasers harmless from any taxes Purchasers incur as a result Seller’s employees who become employees of Sellers failure to comply with any employment tax mattersPurchaser or its Affiliates.