Common use of Avoidance of Double Withholding Taxes Clause in Contracts

Avoidance of Double Withholding Taxes. Purchaser and Seller hereby acknowledge that the standard procedure described in Section 4 of the Revenue Procedure 2004-53 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 Seller’s employees who become employees of Purchaser or its Affiliates.

Avoidance of Double Withholding Taxes. Purchaser The Purchasers and Seller the Sellers hereby acknowledge that agree to adopt the standard alternative procedure described in Section 4 5 of the Revenue Procedure 2004-53 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 is applicable to Seller’s employees who become employees the Sellers employees. Sellers shall indemnify and hold Purchasers harmless from any taxes Purchasers incur as a result of Purchaser or its AffiliatesSellers failure to comply with any employment tax matters.

Avoidance of Double Withholding Taxes. The Purchaser and the Seller hereby acknowledge that the standard procedure described in Section 4 of the Revenue Procedure 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 Seller’s employees who become employees of Purchaser or its Affiliates.

Avoidance of Double Withholding Taxes. Purchaser and Seller hereby acknowledge that the standard procedure described in Section 4 of the Revenue Procedure 2004-2004- 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 Seller’s employees who become employees of Purchaser or its Affiliates.