Common use of Employee Discounts Clause in Contracts

Employee Discounts. Employees of Choice shall be granted discounts with Manor Care on the same terms and conditions as Manor Care employee discounts, and employees of Manor Care shall be granted discounts with Choice on the same terms and conditions as Choice employee discounts. Such discounts shall be intended to qualify as a fringe benefit excludible from the gross income of employees under Section 132(a) of the Code. This Agreement shall constitute a reciprocal agreement between the parties within the meaning of Section 132(h) of the Code, and the parties shall execute such further documentation as may be required for tax purposes or as otherwise necessary to effect such discounts. In accordance with Section 5.02, each party shall furnish the other with such information as is necessary for the administration of the aforesaid employee discount programs, including but not limited to information on the utilization of the discounts by the employees of such other party. Each party shall be solely responsible for any payroll taxes, excise taxes, corporate income taxes or penalties attributable to the availability of discounts to or utilization by its employees (whether or not such discounts qualify under Section 132(a) of the Code), and the other party shall have no liability or obligation with respect thereto.

Employee Discounts. Employees of Choice shall be granted ------------------ discounts with Manor Care Sunburst on the same terms and conditions as Manor Care Sunburst employee discounts, and employees of Manor Care Sunburst shall be granted discounts with Choice on the same terms and conditions as Choice employee discounts. Such discounts shall be intended to qualify as a fringe benefit excludible from the gross income of employees under Section 132(a) of the Code. This Agreement shall constitute a reciprocal agreement between the parties within the meaning of Section 132(h) of the Code, and the parties shall execute such further documentation as may be required for tax purposes or as otherwise necessary to effect such discounts. In accordance with Section 5.02, each party shall furnish the other with such information as is necessary for the administration of the aforesaid employee discount programs, including but not limited to information on the utilization of the discounts by the employees of such other party. Each party shall be solely responsible for any payroll taxes, excise taxes, corporate income taxes or penalties attributable to the availability of discounts to or utilization by its employees (whether or not such discounts qualify under Section 132(a) of the Code), and the other party shall have no liability or obligation with respect thereto.