Common use of Independent Contractor; Withholding Clause in Contracts

Independent Contractor; Withholding. The Advisor will at all times be an independent contractor, and as such will not have authority to bind the Company. The Advisor will not act as an agent nor shall he be deemed to be an employee of the Company for the purposes of any employee benefit program, unemployment benefits, or otherwise. Other than as set forth in the Plan, no amount will be withheld from the Fees for payment of any federal, state, or local taxes the Advisor having sole responsibility to pay such taxes, if any, and file such returns as shall be required by applicable laws and regulations. The Advisor agrees to defend, indemnify and hold the Company harmless from any and all claims by a third party on account of a failure or alleged failure to pay such taxes or file such returns. Advisor shall not enter into any agreements or incur any obligations on behalf of the Company.

Independent Contractor; Withholding. The Advisor will at all times be an independent contractor, and as such will not have authority to bind the Company. The Advisor will not act as an agent nor shall he be deemed to be an employee of the Company for the purposes of any employee benefit program, unemployment benefits, or otherwise. Other than as set forth in the Plan, The Advisor recognizes that no amount will be withheld from the Fees his compensation for payment of any federal, state, or local taxes and that the Advisor having has sole responsibility to pay such taxes, if any, and file such returns as shall be required by applicable laws and regulations. The Advisor agrees to defend, indemnify and hold the Company harmless from any and all claims by a third party on account of a failure or alleged failure to pay such taxes or file such returns. Advisor shall not enter into any agreements or incur any obligations on behalf of the Company.