Common use of Compensatory Payments Clause in Contracts

Compensatory Payments. Notwithstanding anything in this Agreement to the contrary, any payments that are compensatory in nature (including, for the avoidance of doubt, any Transaction Expenses) required to be made hereunder to an employee of the Company or the Subsidiaries shall in the first instance be made to the Company (or the Subsidiaries, successor or assignee, as applicable), so that the Company (or the Subsidiaries, successor or assignee, as applicable) may make such payment through the appropriate payroll account or process and net of any applicable Tax withholdings.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Staffing 360 Solutions, Inc.), Stock Purchase Agreement (Blucora, Inc.), Stock Purchase Agreement (Blucora, Inc.)

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Compensatory Payments. Notwithstanding anything in this Agreement to the contrary, any payments that are compensatory in nature (including, for the avoidance of doubt, any Transaction Selling Expenses) required to be made hereunder to an employee or individual service provider of any of Seller, the Company Group Companies, or the Subsidiaries any of their respective Affiliates shall in the first instance be made to the Company (applicable Affiliate of Seller or the Subsidiaries, successor its successors or assigneeassignees, as applicable), so that the Company (such Affiliate of Seller or the Subsidiaries, successor its successors or assigneeassignees, as applicable) applicable may make such payment through the appropriate payroll account or process and net of any applicable Tax withholdingswithholding.

Appears in 1 contract

Samples: Stock Purchase Agreement (Blucora, Inc.)

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Compensatory Payments. Notwithstanding anything in this Agreement to the contrary, any payments that are compensatory in nature (including, for the avoidance of doubt, the Company Bonus Payments and any Transaction applicable Selling Expenses) required to be made hereunder to an a current or former employee of the Company or the Subsidiaries shall in the first instance be made to the Company (or the Subsidiaries, successor its successors or assigneeassignees, as applicable), so that the Company (or the Subsidiaries, successor its successors or assigneeassignees, as applicable) may make such payment through the appropriate payroll account or process and net of any applicable Tax withholdingswithholding.

Appears in 1 contract

Samples: Purchase Agreement (Loar Holdings Inc.)

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