Common use of Employment Tax Reporting Responsibility Clause in Contracts

Employment Tax Reporting Responsibility. Seller and Purchaser hereby agree to follow the standard procedure for employment Tax withholding as provided in Section 4 of Rev. Proc. 2004-53, I.R.B. 2004-35. Accordingly, Seller shall have employment Tax reporting responsibilities for the wages and other compensation it pays to Employees and Purchaser shall have employment Tax reporting responsibilities for the wages and other compensation it pays or causes to be paid to Transferred Employees.

Appears in 1 contract

Samples: Asset Purchase Agreement (BuzzFeed, Inc.)

AutoNDA by SimpleDocs

Employment Tax Reporting Responsibility. Seller Sellers and Purchaser Xxxxx hereby agree to follow the standard procedure for employment Tax tax withholding as provided in Section 4 of Rev. Proc. 2004-53, I.R.B. 2004-35. Accordingly, Seller shall have employment Tax reporting responsibilities for the wages and other compensation it pays to Employees and Purchaser shall have employment Tax reporting responsibilities for the wages and other compensation it pays or causes to be paid to Transferred Employees.I.R.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Knowles Corp)

Employment Tax Reporting Responsibility. Purchaser and Seller and Purchaser hereby agree to follow the standard alternate procedure for United States employment Tax tax withholding as provided in Section 4 5 of Rev. Proc. 2004-53, I.R.B. 2004-35. Accordingly, Seller shall have no United States employment Tax tax reporting responsibilities for the wages and other compensation it pays to Employees responsibilities, and Purchaser shall have full United States employment Tax tax reporting responsibilities responsibilities, for Transferred Employees following the wages and other compensation it pays or causes to be paid to Transferred Employeesclose of business on the applicable Closing Date.

Appears in 1 contract

Samples: Acquisition Agreement (Alcoa Inc)

Employment Tax Reporting Responsibility. Purchaser and Seller and Purchaser hereby agree to follow the standard alternate procedure for United States employment Tax tax withholding as provided in Section 4 5 of Rev. Proc. 2004-53, I.R.B. 2004-3534. Accordingly, Seller shall have no United States employment Tax tax reporting responsibilities for the wages and other compensation it pays to Employees responsibilities, and Purchaser shall have full United States employment Tax tax reporting responsibilities responsibilities, for Transferred Employees subject to United States employment taxes following the wages and other compensation it pays or causes to be paid to Transferred Employeesclose of business on the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (KMG Chemicals Inc)

AutoNDA by SimpleDocs

Employment Tax Reporting Responsibility. Seller and Purchaser hereby agree to follow the standard procedure for United States employment Tax tax withholding as provided in Section 4 5 of Rev. Proc. 2004-53, I.R.B. 2004-35. Accordingly, Seller shall have employment Tax reporting responsibilities for the wages and other compensation it pays to Employees and Purchaser shall have employment Tax reporting responsibilities for the wages and other compensation it pays or causes to be paid to Transferred Employees34.

Appears in 1 contract

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!