Employment Tax Reporting. With respect to Transferred Employees, Purchaser and Sellers shall use the standard procedure set forth in Revenue Procedure 2004-53, 2004-34 I.R.B. 320, for purposes of employment tax reporting.
Employment Tax Reporting. The Seller and the Purchaser agree that, pursuant to the “Alternative Procedures” provided in Section 5 of Revenue Procedure 2004-53, with respect to the filing and furnishing of Internal Revenue Service Forms W-2, W-3 and 941 for the full calendar year in which the Closing occurs, subject to applicable Law, (i) the Seller and the Purchaser shall report on a “predecessor-successor” basis, as set forth therein, (ii) the Seller shall be relieved from furnishing Forms W-2 to any Transferred Employees, and (iii) the Purchaser shall assume the obligations of the Seller to furnish Forms W-2 to such Transferred Employees and Forms W-2 and W-3 with respect to Transferred Employees to the Social Security Administration; provided, the Seller shall transfer to the Purchaser all Forms W-4 and W-5 with respect to the Transferred Employees, and such other data relating to Transferred Employees as shall be necessary for the Purchaser to assume and satisfy such obligations accurately and in accordance with the law.
Employment Tax Reporting. Seller and Purchaser agree to follow the Standard Procedure specified in Revenue Procedure 2004-53, 2004-34 I.R.B. 320, whereby, among other things, each will be responsible for the reporting duties with respect to its own payment of wages and compensation to the employees hired by Purchaser in connection with the operation or activities of the Purchased Assets.
Employment Tax Reporting. With respect to each Transferred Employee, Buyer and Sellers shall, and shall cause their respective Affiliates to, treat Buyer (or the applicable Affiliate of Buyer) as a “successor employer” and Sellers (or the applicable Affiliate of a Seller) as a “predecessor,” within the meaning of Sections 3121(a)(1) and 3306(b)(1) of the Code and the applicable Treasury Regulations thereunder for purposes of Taxes imposed under the United States Federal Insurance Contributions Act, as amended (“FICA”) and the United States Federal Unemployment Tax Act, as amended (“FUTA”). Pursuant to the standard procedure set forth in Revenue Procedure 2004-53, 2004-34 I.R.B. 320, if the Closing occurs (i) Buyer and Sellers shall report on a predecessor/successor basis as set forth therein, (ii) Sellers will not be relieved from filing a Form W-2 with respect to any Transferred Employees and (iii) Buyer will undertake to file (or cause to be filed) a Form W-2 for each such Transferred Employee only with respect to the portion of the year that includes the Closing Date during which such Transferred Employees are employed by Buyer or its Affiliate, excluding the portion of such year that such Transferred Employee was employed by a Seller or its Affiliate.
Employment Tax Reporting. With respect to Transferred Employees, Buyer and Sellers shall use the alternate procedure set forth in Revenue Procedure 2004-53, 2004-34 I.R.B. 320, provided that Sellers provide to Buyer all information necessary for Buyer to complete such alternate procedure and that third party payroll provider agrees it can accommodate utilization of the alternate procedure to properly report and remit federal and state payroll.
Employment Tax Reporting. Following the Closing, ------------------------ Purchaser, Company and Unified shall abide by the alternate procedure for employment tax reporting set forth in Section 5 of IRS Revenue Procedure 96-60 with respect to the filing of all applicable Form W-2s, 941s or other related employment tax filings for 2004.
Employment Tax Reporting. With respect to New Hires, Buyer and Sellers will use the standard procedure set forth in Revenue Procedure 2004-53, 2004-34 I.R.B. 320, for purposes of employment Tax reporting.
Employment Tax Reporting. With respect to employment Tax matters, provided that that the Seller reasonably cooperates with, and provides all required information to, the Buyer and the Company with respect to matters in this Section 9.4(k), (i) the Company shall assume the Seller’s entire obligation to prepare, file and furnish IRS Form W-2’s with respect to the employees of the Company for the year including the Closing, (ii) the Seller, the Buyer and the Company hereby agree to elect the “predecessor-successor” basis for filing IRS Form W-2’s with respect to the Company’s employees pursuant to the alternative procedure prescribed by Section 5 of the Revenue Procedure 2004-53, 34 I.R.B. 320, and (iii) the Seller and the Buyer shall work in good faith to adopt similar procedures under Applicable Laws regarding wage payment, reporting and withholding for all employees in all appropriate jurisdictions.
Employment Tax Reporting. Consistent with the Officer being employed by Alico during the Term, Alico shall respond to all questions and inquiries from Silver Nip, state and federal agencies, and other persons regarding payroll and employment data and history relating to the Officer for periods of employment during the Term. Alico and Silver Nip agree that, pursuant to the “Standard Procedure” provided in Section 4 of Revenue Procedure 96-60, 1996-53 I.R.B. 1 (dealing with the filing and furnishing of Internal Revenue Service Forms W-2, W-3 and 941 for transferred employees), each party shall be responsible for the tax withholding, paying over and reporting, associated with the compensation paid by such party to the Officer for his service as such party’s employee during the 2013 calendar year. Any year-end adjustments for time worked and reported relating to the portion of the 2013 calendar year will be paid by Silver Nip to Alico upon Alico’s notification and provision of written explanation to Silver Nip of such adjustments. The Officer consents to the sharing of information described in the foregoing paragraph.
Employment Tax Reporting. If the Closing Date occurs in 2024, Seller and Purchasers hereby agree to follow the alternate procedure for United States employment tax withholding as provided in Section 5 of Rev. Proc. 2004-53, I.R.B. 2004-34. Accordingly, Seller shall have no employment tax reporting responsibilities, and Purchasers shall have full employment tax reporting responsibilities, for Transferred Employees subject to United States employment tax following the Closing.
