Common use of Employment Tax Reporting Responsibility Clause in Contracts

Employment Tax Reporting Responsibility. Purchaser and Seller hereby agree to follow the alternate procedure for United States Employment Tax withholding as provided in Section 5 of Rev. Proc. 2004-53, 2004-34 I.R.B. 320. Accordingly, Seller shall have no United States Employment Tax reporting responsibilities, and Purchaser shall have full United States Employment Tax reporting responsibilities, for Transferred Employees subject to United States Employment Taxes following the close of business on the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Weyerhaeuser Co)

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Employment Tax Reporting Responsibility. Purchaser and Seller hereby agree to follow the alternate standard procedure for United States Employment Tax withholding employment tax reporting as provided in Section 5 4 of 61 Rev. Proc. 2004-53, 2004-34 I.R.B. 2 C.B. 320. Accordingly, Seller shall have no United States Employment Tax employment tax reporting responsibilities, responsibilities up to and including the Closing Date for Transferred Employees; and Purchaser shall have full United States Employment Tax employment tax reporting responsibilities, responsibilities for Transferred Employees subject to United States Employment Taxes effective following the close of business on the Closing Date.

Appears in 1 contract

Samples: Purchase Agreement (International Paper Co /New/)

Employment Tax Reporting Responsibility. Seller and Purchaser and Seller hereby agree to follow the alternate standard procedure for United States Employment Tax employment tax withholding as provided in Section 5 of Rev. Proc. 2004-53, I.R.B. 2004-34 I.R.B. 320. Accordingly, Seller shall have no United States Employment Tax reporting responsibilities, and Purchaser shall have full United States Employment Tax reporting responsibilities, for Transferred Employees subject to United States Employment Taxes following the close of business on the Closing Date34.

Appears in 1 contract

Samples: Asset Purchase Agreement (PHC Inc /Ma/)

Employment Tax Reporting Responsibility. Purchaser and Seller hereby agree to follow the alternate standard procedure for United States Employment Tax withholding employment tax reporting as provided in Section 5 4 of Rev. Proc. 2004-53, 2004-34 I.R.B. 2 C.B. 320. Accordingly, Seller shall have no United States Employment Tax employment tax reporting responsibilities, responsibilities up to and including the Closing Date for Transferred Employees; and Purchaser shall have full United States Employment Tax employment tax reporting responsibilities, responsibilities for Transferred Employees subject to United States Employment Taxes effective following the close of business on the Closing Date.

Appears in 1 contract

Samples: Purchase Agreement (Weyerhaeuser Co)

Employment Tax Reporting Responsibility. Purchaser and Seller hereby agree to follow the alternate standard procedure for United States Employment Tax employment tax withholding as provided in Section 5 of Rev. Proc. 2004-53, 2004-34 I.R.B. 320. Accordingly, Seller shall have no United States Employment Tax reporting responsibilities, and Purchaser shall have full United States Employment Tax reporting responsibilities, for Transferred Employees subject to United States Employment Taxes following the close of business on the Closing Date.1996

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Potlatchdeltic Corp)

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Employment Tax Reporting Responsibility. Purchaser and Seller hereby agree to follow the alternate procedure for United States Employment Tax employment tax withholding as provided in Section 5 of Rev. Proc. 2004-53, I.R.B. 2004-34 I.R.B. 32035. Accordingly, Seller shall have no United States Employment Tax employment tax reporting responsibilities, and Purchaser shall have full United States Employment Tax employment tax reporting responsibilities, for Transferred Employees subject to United States Employment Taxes following the close of business on the applicable Closing Date.

Appears in 1 contract

Samples: Acquisition Agreement (Alcoa Inc)

Employment Tax Reporting Responsibility. Purchaser and Seller hereby agree to follow the alternate procedure for United States Employment Tax employment tax withholding as provided in Section 5 of Rev. Proc. 2004-53, I.R.B. 2004-34 I.R.B. 32034. Accordingly, Seller shall have no United States Employment Tax employment tax reporting responsibilities, and Purchaser shall have full United States Employment Tax employment tax reporting responsibilities, for Transferred Employees subject to United States Employment Taxes employment taxes following the close of business on the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (KMG Chemicals Inc)

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