Employer’s NICs Sample Clauses

Employer’s NICs. As a condition to participation in the Plan and the exercise of this Option, Optionee hereby agrees to accept all liability for and pay all secondary Class 1 National Insurance Contributions which would otherwise be payable by the Company (or any successor or any Parent or Subsidiary employing or previously employing Optionee) with respect to the exercise of the Option or any other event giving rise to taxation under the Option (the “Employer NIC”). Optionee agrees that Optionee will execute, within the time period specified by the Company, a joint election (the “Joint Election?) provided by the Company as approved by HM Revenue and Customs and any other consent or elections required to effect the transfer of the Employer NIC. Optionee further agrees to execute such other joint elections as may be required between Optionee and any successor to the Company and/or Optionee’s employer. Optionee further agrees that the Company and/or Optionee’s employer may collect the Employer NIC by any of the means set forth in the Joint Election.
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Employer’s NICs. As consideration of the grant of an Option under the Plan the Participant has joined with the Company, or if and to the extent that there is a change in the law, any other company or person who is or becomes a secondary contributor for NIC purposes in respect of this Option (the “Secondary Contributor”) in making an election (in such terms and such form as provided in paragraphs 3A and 3B of Schedule 1 to the Social Security Contributions and Benefits Act 1992) which has been approved by HM Revenue & Customs (the “Joint Election”), for the transfer of the whole or any liability of the Secondary Contributor to Employer’s Class 1 NICs to be transferred to the Participant.
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Employer’s NICs. The Employee may not exercise, assign, release or cancel the Options in any circumstances unless and until he has entered into a binding election (in a form acceptable to the Company and approved by the Inland Revenue) pursuant to which the Employee agrees to pay or assumes liability for any secondary (employer’s) Class 1 National Insurance contributions that may arise in respect of the Options.
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Employer’s NICs. If the Company, and other Group Company or any other person is liable to account for Secondary Class 1 NICs (or such equivalent social security contributions in any other jurisdiction, as may be applicable) (Employers’ NICs) by virtue of the exercise of the Option the Directors may make it a condition of the exercise of the Option that the Optionholder either:
Sample 1
Employer’s NICs. Participant is required to enter into a joint election with the Employer pursuant to which the whole of the liability of the Employer to secondary (class 1) NICs arising in relation to the Option (the NIC Liability) is transferred to Participant, as provided in paragraph 3B of Schedule 1 to the Social Security Contributions and Benefits Act 1992, in such form as the Company may reasonably require (the Joint Election). The Option may not be exercised before a Joint Election has been entered into by Participant in relation to it, and if Participant has not entered into such a Joint Election by the date reasonably required by the Company the Company may upon giving notice to Participant to that effect cause the Option to lapse. Participant shall pay the amount of the NIC Liability to the Company or the Employer to enable the Employer to account for the NIC Liability in accordance with the terms of Paragraph 7 and the Joint Election. AMECURRENT 731377676.2 15-Feb-19 10:35
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Employer’s NICs. (a) The Optionee agrees that, and undertakes to the Company and his Employer that:-
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Related to Employer’s NICs

  • Employers Liability It is expressly agreed and understood that the Employer does not accept, nor is the Employer to be charged hereby with, any responsibility in any manner connected with the determination of liability to any employee claiming under any of the benefits extended by the Health and Welfare Fund. The Employer's liability shall be limited to the contributions indicated under Section 2 above.

  • Employer’s Property The Employee acknowledges that all items of any and every nature or kind created or used by the Employee pursuant to the Employee’s employment under this Agreement, or furnished by the Employer to the Employee, and all equipment, automobiles, credit cards, books, records, reports, files, manuals, literature, confidential information or other materials shall remain and be considered the exclusive property of the Employer at all times and shall be surrendered to the Employer, in good condition, promptly on the cessation or termination of the Employee’s employment irrespective of the time, manner or cause of the termination.

  • RELATED EMPLOYERS If any member of the Employer's related group (as defined in Section 1.30 of the Plan) executes a Participation Agreement to this Adoption Agreement, such member's Employees are eligible to participate in this Plan, unless excluded by reason of an exclusion classification elected under this Adoption Agreement Section 1.07. In addition: (Choose (j) or (k))

  • ’ Compensation and Employer’s Liability Insurance a. Statutory California Workers' Compensation coverage including broad form all-states coverage.

  • Former Employers 5.1 You represent and warrant that your employment by the Company will not conflict with and will not be constrained by any prior or current employment, consulting agreement or relationship whether oral or written. You represent and warrant that you do not possess confidential information arising out of any such employment, consulting agreement or relationship which, in your best judgment, would be utilized in connection with your employment by the Company in the absence of Section 5.2.

  • Employer The term “Employer” means the Company and/or any subsidiary of the Company that employed the Executive immediately prior to the Effective Date.

  • Employer’s Liability Insurance The Contractor shall also maintain Employer's Liability Insurance Coverage with limits of at least:

  • Return of Employer's Property After Employee has received notice of termination or at the end of the term hereof, whichever first occurs, Employee shall promptly return to Employer all documents and other property in his possession belonging to Employer.

  • Compensation and Employers Liability The policy is required only if Contractor has employees. The policy must include workers’ compensation to meet minimum requirements of the California Labor Code, and it must provide coverage for employer’s liability bodily injury at minimum limits of $1,000,000 per accident or disease.

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