Common use of Income Tax Consequences Clause in Contracts

Income Tax Consequences. Payment and/or provision of the ----------------------- Relocation Allowance shall be subject to any Tax Withholdings and/or Employee Deductions as may be applicable. The Executive shall be responsible for all income taxes imposed on the Executive by reason of the Relocation Allowance.

Income Tax Consequences. Payment While payment and/or provision of the ----------------------- Relocation Allowance relocation expenses shall be subject to any Tax Withholdings and/or Employee Deductions federal or state withholding as may be applicable. The , such payments to the Executive shall be responsible for grossed up to cover the payment of any and all income taxes imposed on taxes, of any kind or nature, that are incurred by the Executive by reason as a result of his receipt of the Relocation Allowanceforegoing allowances.