Pay As You Earn Clause Samples
The "Pay As You Earn" clause establishes that payments are to be made incrementally as work is completed or as goods or services are delivered, rather than in a lump sum at the end of a contract. Typically, this means the payer will release funds in stages, such as after reaching specific milestones or upon submission of periodic invoices. This approach helps ensure that the payee receives timely compensation for ongoing work, while the payer can monitor progress and manage cash flow, ultimately reducing financial risk for both parties and encouraging steady project advancement.
Pay As You Earn. The Company has properly operated the PAYE system deducting Tax as required by law from all payments to or treated as made to or benefits provided for employees, ex-employees or independent contractors of the Company and duly accounted to the Inland Revenue for Tax so deducted and has complied with all its reporting obligations to the Inland Revenue in connection with any such payments made or benefits provided, and no PAYE audit in respect of the Company has been made by the Inland Revenue nor has the Company been notified that any such audit will be made.
Pay As You Earn. The Company has properly operated the PAYE system deducting Tax as required by law from all payments to or treated as made to or benefits provided for employees, ex-employees or independent contractors of each Company (including any such payments within section 134 of the ICTA or Chapter 7 of Part 2 of Income Tax (Earnings and Pensions) Act of 2003) and duly accounted to the Inland Revenue for Tax so deducted and has complied with all its reporting obligations to the Inland Revenue in connection with any such payments made or benefits provided, and no PAYE audit in respect of any Company has been made by the Inland Revenue nor has any Company been notified that any such audit will or may be made.
Pay As You Earn. The Company has in the last six years made all payments, deductions, withholdings or reductions as required by law from all payments to or amounts treated as paid to or benefits provided for or on behalf of any employees, ex-employees, officers, ex-officers, independent contractors or other workers in respect of Tax, national insurance, social security or like contributions and the Company has duly and punctually paid or accounted to (or will before Completion pay or account to) any Tax Authority for such amounts as have been required to be paid by the Company to any relevant Tax Authority on or before the date of this Agreement in respect of such deductions, withholdings or reductions. The Company has in the last six years complied with all its reporting obligations to any Tax Authority in connection with any such payments made or benefits provided and no audit or other enquiry has been made by any Tax Authority in respect of such payments made or benefits provided nor has the Company been notified that any such audit or other enquiry will be made. For the avoidance of doubt, the warranty in this paragraph 21.9.2 does not apply to any payment, deduction, withholding, reduction or reporting requirement arising on or around Completion in connection with the exercise of any Option or the sale or purchase of any Shares acquired pursuant to any Option.
Pay As You Earn. The Terra Company has properly operated the PAYE system deducting Tax as required by law from all payments to or treated as made to or benefits provided for employees, ex-employees or independent contractors of the Terra Company (including any such payments within sections 7, 44, 45, 46 and 47 of the ITEPA 2003) and duly accounted to HMRC for Tax so deducted, and has complied with all its reporting obligations to HMRC in connection with any such payments made or benefits provided.
Pay As You Earn. The Company has properly operated the PAYE system deducting Tax as required by law from all payments to or treated as made to or benefits provided for employees and ex-employees of the Company (including any payments within Chapter 7 of Part 2 of ITEPA 2003) and duly accounted to the relevant Tax Authority for Tax so deducted and has complied with all its reporting obligations to the relevant Tax Authority in connection with any such payments made or benefits provided, and no PAYE audit in respect of the Company has been made by the relevant Tax Authority nor has the Company been notified that any such audit will be made.
Pay As You Earn. (a) Each Group Company has properly operated the Pay As You Earn system or non-UK equivalent (“PAYE”) system, deducted Tax as required by law, duly accounted to the relevant Taxation Authority for Tax under PAYE, and complied with its reporting obligations to such Taxation Authority including in relation to payments made to contractors. No PAYE audit in respect of a Group Company has been made by a Taxation Authority nor has any Group Company been notified that any such audit will be made.
Pay As You Earn. Each Kemira Company has properly operated the PAYE system deducting Tax as required by law from all payments to or treated as made to or benefits provided for employees, ex- employees or independent contractors of such Kemira Company (including any such payments within sections 7, 44, 45, 46 and 47 of the ITEPA 2003) and duly accounted to HMRC for Tax so deducted, and has complied with all its reporting obligations to HMRC in connection with any such payments made or benefits provided.
Pay As You Earn. So far as the Warrantors are aware, the Group has properly operated the PAYE system (or any equivalent system in any other jurisdiction) deducting Tax as required by law from all payments to or treated as made to or benefits provided for employees, ex-employees or independent contractors of the Company (including any such payments within sections 7, 44, 45, 46 and 47 of the ITEPA 2003) and duly as required by law accounted to the Inland Revenue or any other Taxation Authority for Tax so deducted, and has complied with all its reporting obligations to the Inland Revenue or any other Taxation Authority in connection with any such payments made or benefits provided, and no PAYE audit in respect of a Group Company has been made by the Inland Revenue nor has the Group been notified that any such audit will be made.