Common use of Indemnification and Reimbursement of Payments on Behalf of Executive Clause in Contracts

Indemnification and Reimbursement of Payments on Behalf of Executive. Acadia and the Subsidiaries shall be entitled to deduct or withhold from any amounts owing from Acadia or any of the Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from Acadia or any of the Subsidiaries or Executive’s ownership interest in Acadia or any of the Subsidiaries (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity), as may be required to be deducted or withheld by any applicable law or regulation. In the event Acadia or any of the Subsidiaries does not make such deductions or withholdings, Executive shall indemnify Acadia and the Subsidiaries for any amounts paid with respect to any such Taxes, together (if such failure to withhold was at the written direction of Executive or if Executive was informed in writing by Acadia or such Subsidiary that such deductions or withholdings were not made) with any interest, penalties and related expenses thereto.

Appears in 8 contracts

Samples: Employment Agreement (Acadia Healthcare Company, Inc.), Employment Agreement (Acadia Healthcare Company, Inc.), Employment Agreement (Acadia Healthcare Company, Inc.)

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Indemnification and Reimbursement of Payments on Behalf of Executive. Acadia Holdings and the its Subsidiaries shall be entitled to deduct or withhold from any amounts owing from Acadia Holdings or any of the its Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from Acadia Holdings, the Company or any of the their respective Subsidiaries or Executive’s ownership interest in Acadia Holdings, the Company or any of the their respective Subsidiaries (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity), as may be required to be deducted or withheld by any applicable law or regulation. In the event Acadia Holdings or any of the its Subsidiaries does not make such deductions or withholdings, Executive shall indemnify Acadia Holdings and the its Subsidiaries for any amounts paid with respect to any such Taxes, together (if such failure to withhold was at the written direction of Executive or if Executive was informed in writing by Acadia or such Subsidiary the Company that such deductions or withholdings were not made) with any interest, penalties and related expenses thereto.

Appears in 3 contracts

Samples: Employment Agreement (A.K.A. Brands Holding Corp.), Employment Agreement (A.K.A. Brands Holding Corp.), Employment Agreement (A.K.A. Brands Holding Corp.)

Indemnification and Reimbursement of Payments on Behalf of Executive. Acadia The Company and the Subsidiaries shall be entitled to deduct or withhold from any amounts owing from Acadia the Company or any of the Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from Acadia the Company or any of the Subsidiaries or Executive’s ownership interest in Acadia the Company or any of the Subsidiaries (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity), as may be required to be deducted or withheld by any applicable law or regulation. In the event Acadia the Company or any of the Subsidiaries does not make such deductions or withholdings, Executive shall indemnify Acadia the Company and the Subsidiaries for any amounts paid with respect to any such Taxes, together (if such failure to withhold was at the written direction of Executive Executive, or, if prior to the date when such withholding or if deduction is required, Executive was informed in writing by Acadia the Company or such Subsidiary that such deductions or withholdings were will not mademade and Executive failed to instruct the Company or such Subsidiary to make such withholding or deduction) with any interest, penalties and related expenses thereto.

Appears in 2 contracts

Samples: Employment Agreement (Acadia Healthcare Company, Inc.), Employment Agreement (Acadia Healthcare Company, Inc.)

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Indemnification and Reimbursement of Payments on Behalf of Executive. Acadia Holdings and the Subsidiaries shall be entitled to deduct or withhold from any amounts owing from Acadia Holdings or any of the Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (Taxes”) imposed with respect to Executive’s compensation or other payments from Acadia Holdings or any of the Subsidiaries or Executive’s ownership interest in Acadia Holdings or any of the Subsidiaries (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity), as may be required to be deducted or withheld by any applicable law or regulation. In the event Acadia Holdings or any of the Subsidiaries does not make such deductions or withholdings, Executive shall indemnify Acadia indemnity Holdings and the Subsidiaries for any amounts paid with respect to any such Taxes, together (if such failure to withhold was at the written direction of Executive or if Executive was informed in writing by Acadia Holdings or such Subsidiary that such deductions or withholdings were not made) with any interest, penalties and related expenses thereto.

Appears in 1 contract

Samples: Employment Agreement (Acadia Healthcare Company, Inc.)

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