Common use of Employee Withholding Clause in Contracts

Employee Withholding. Seller shall prepare and furnish to Continuing Employees a Form W-2 which shall reflect all wages and compensation paid to Continuing Employees for that portion of the calendar year in which the Closing Date occurs during which the Continuing Employees were employed by Seller. Seller shall furnish to Parent the Forms W-4 and W-5 of each Continuing Employee. Parent shall send to the appropriate Social Security Administration office a duly completed Form W-3 and accompanying copies of the duly completed Form W-2. It is the intent of the parties hereunder that the obligations of Parent and Seller under this Section 5.21 shall be carried out in accordance with Section 5 of Revenue Procedure 96-60.

Employee Withholding. Seller Buyer Parent shall prepare and furnish to the Continuing Employees a Form W-2 which shall reflect all wages and compensation paid to Continuing Employees for that portion of the calendar year in which the Closing Date occurs during which the Continuing Employees were employed by Seller. Seller shall furnish to Buyer Parent the Forms W-4 and W-5 of each Continuing Employee. Buyer Parent shall send to the appropriate Social Security Administration office a duly completed Form W-3 and accompanying copies of the duly completed Form Forms W-2. It is the intent of the parties hereunder that the obligations of Buyer Parent and Seller under this Section 5.21 5.18 shall be carried out in accordance with Section 5 of Revenue Procedure 96-60.

Employee Withholding. Seller shall prepare and furnish to Continuing -------------------- Employees a Form W-2 which shall reflect all wages and compensation paid to Continuing Employees for that portion of the calendar year in which the Closing Date occurs during which the Continuing Employees were employed by Seller. Seller shall furnish to Parent the Forms W-4 and W-5 of each Continuing Employee. Parent shall send to the appropriate Social Security Administration office a duly completed Form W-3 and accompanying copies of the duly completed Form Forms W-2. It is the intent of the parties hereunder that the obligations of Parent and Seller under this Section 5.21 7.21 shall be carried out in accordance with Section 5 of Revenue Procedure 96-60.

Employee Withholding. Seller shall prepare and furnish to Continuing Employees a Form W-2 W2 which shall reflect all wages and compensation paid to Continuing Employees for that portion of the calendar year in which the Closing Date occurs during which the Continuing Employees were employed by Seller. Seller shall furnish to Parent the Forms W-4 W4 and W-5 W5 of each Continuing Employee. Parent shall send to the appropriate Social Security Administration office a duly completed Form W-3 W3 and accompanying copies of the duly completed Form W-2Forms W2. It is the intent of the parties hereunder that the obligations of Parent and Seller under this Section 5.21 7.21 shall be carried out in accordance with Section 5 of Revenue Procedure 96-609660.

Employee Withholding. Seller shall prepare and furnish to Continuing Employees a Form W-2 which shall reflect all wages and compensation paid to Continuing Employees for that portion of the calendar year in which the Closing Date occurs during which the Continuing Employees were employed by Seller. Seller shall furnish to Parent the Forms W-4 and W-5 of each Continuing Employee. Parent shall send to the appropriate Social Security Administration office a duly completed Form W-3 and accompanying copies of the duly completed Form Forms W-2. It is the intent of the parties hereunder that the obligations of Parent and Seller under this Section 5.21 7.20 shall be carried out in accordance with Section 5 of Revenue Procedure 96-60.