Common use of Income Tax Treatment Clause in Contracts

Income Tax Treatment. Executive and the Company acknowledge that it is the intention of the Company to deduct all amounts paid by the Company to Executive pursuant to this Agreement, including under Sections 6 and 7 as ordinary and necessary business expenses for income tax purposes. Executive agrees and represents that he will treat all such amounts as ordinary income for income tax purposes, and should he report such amounts as other than ordinary income for income tax purposes, he will indemnify and hold the Company harmless from and against any and all taxes, penalties, interest, costs and expenses, including reasonable attorneys' and accounting fees and costs, which are incurred by Company directly or indirectly as a result thereof.

Income Tax Treatment. Executive and the Company acknowledge acknowl­edge that it is the intention of the Company to deduct all amounts paid by the Company to Executive pursuant to this Agreement, including under Sections 6 and 7 as ordinary and necessary business expenses for income tax purposes. Executive agrees and represents that he will treat all such amounts as ordinary income for income tax purposes, and should he report such amounts as other than ordinary income for income tax purposes, he will indemnify and hold the Company harmless from and against any and all taxes, penalties, interest, costs and expenses, including reasonable attorneys' ’ and accounting fees and costs, which are incurred by Company directly or indirectly as a result thereof.

Income Tax Treatment. The Executive and the Company acknowledge that it is the intention of the Company to deduct all amounts paid by the Company to the Executive pursuant to this Agreement, including under Sections 6 and 7 as ordinary and necessary business expenses for income tax purposes. The Executive agrees and represents that he the Executive will treat all such amounts as ordinary income for income tax purposes, and should he the Executive report such amounts as other than ordinary income for income tax purposes, he the Executive will indemnify and hold the Company harmless from and against any and all taxes, penalties, interest, costs and expenses, including reasonable attorneys' ’ and accounting fees and costs, which that are incurred by Company directly or indirectly as a result thereof.

Income Tax Treatment. The Executive and the Company acknowledge that it is the intention of the Company to deduct all amounts paid by the Company to Executive pursuant to this Agreement, including under Sections 6 2.1, 2.2 and 7 2.3(b) hereof as ordinary and necessary business expenses for income tax purposes. The Executive agrees and represents that he the Executive will treat all such amounts paid hereunder as ordinary income for income tax purposes, and should he the Executive report such amounts as other than ordinary income for income tax purposes, he the Executive will indemnify and hold the Company harmless from and against any and all taxes, penalties, interest, costs and expenses, including reasonable attorneys' ’ and accounting fees and costs, which are incurred by Company directly or indirectly as a result thereof.

Income Tax Treatment. Executive and the Company acknowledge acknowl­edge that it is the intention of the Company to deduct all amounts paid by the Company to Executive pursuant to this Agreement, including under Sections 6 and 7 as ordinary and necessary business expenses for income tax purposes. Executive agrees and represents that he will treat all such amounts as ordinary income for income tax purposes, and should he report such amounts as other than ordinary income for income tax purposes, he will indemnify willindemnify and hold the Company harmless from and against any and all taxes, penalties, interest, costs and expenses, including reasonable attorneys' ’ and accounting fees and costs, which are incurred by Company directly or indirectly as a result thereof.