Employment Taxes Withholding Reporting Responsibility. TimkenSteel and Timken hereby agree to follow the standard procedure for United States employment Tax withholding as provided in Section 4 of Rev. Proc. 2004-53, I.R.B. 2004-34. Timken will withhold and remit all employment taxes for the last payroll date preceding the Distribution Date with respect to all current and former employees of Timken and TimkenSteel who receive wages on such payroll date.
Appears in 5 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Timken Co), Employee Matters Agreement (TimkenSteel Corp)
