Common use of Employment Taxes and Benefits Clause in Contracts

Employment Taxes and Benefits. You will report as self-employment income all compensation you received pursuant to this Agreement, including the fair market value of the Shares. You will indemnify Calypte and hold it harmless from and against all claims, damages, losses and expenses, relating to any obligation imposed by law on Calypte to pay any withholding taxes, social security (except for employer's share of social security, if any), unemployment or disability insurance, or similar items in connection with compensation received by you pursuant to this Agreement. You will not be entitled to receive any vacation or illness payments, or to participate in any plans, arrangements, or distributions by Calypte pertaining to any bonus, stock option, profit sharing, insurance or similar benefits for Calypte's employees, except as provided herein or as otherwise specifically approved by the Board.

Employment Taxes and Benefits. You will report as self-employment income all compensation you received pursuant to this Agreement, including the fair market value of the Shares. You will indemnify Calypte and hold it harmless from and against all claims, damages, losses and expenses, relating to any obligation imposed by law on Calypte to pay any withholding taxes, social security (except for employer's ’s share of social security, if any), unemployment or disability insurance, or similar items in connection with compensation received by you pursuant to this Agreement. You will not be entitled to receive any vacation or illness payments, or to participate in any plans, arrangements, or distributions by Calypte pertaining to any bonus, stock option, profit sharing, insurance or similar benefits for Calypte's ’s employees, except as provided herein or as otherwise specifically approved by the Board.