Payment Authorization and Withholding Taxes Sample Clauses

Payment Authorization and Withholding Taxes. SMD shall secure all authorizations required for payment of all amounts due to Universal Display hereunder. The parties shall cooperate in good faith and use their reasonable best efforts to promptly obtain an exemption from the Korean government that would eliminate the requirement for SMD to withhold taxes from any amounts payable to Universal Display hereunder. If, however, the Korean government requires that income taxes on the payments by SMD under this Agreement be withheld and remitted directly to such tax authority on behalf of Universal Display, Universal Display authorizes SMD to do so. Promptly upon making each such tax payment, SMD shall obtain and forward to Universal Display the official tax receipt(s) issued by the Korean government to support Universal Display’s claim to applicable tax credits.
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Payment Authorization and Withholding Taxes. CMEL shall secure all authorizations required for payment of all amounts due to Universal Display hereunder and shall bear all transfer fees, taxes and other charges associated therewith. If necessary and applicable, the parties shall in good faith endeavor to file for and obtain an exemption from the withholding of any taxes on amounts payable to Universal Display hereunder.
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Payment Authorization and Withholding Taxes. Panasonic Idemitsu shall secure all authorizations required for payment to Universal Display hereunder, and shall bear any transfer fees, taxes and any other charges associated therewith. Both Parties shall cooperate to file such tax exemption forms and other documentation as is necessary to avoid any withholding from amounts payable to Universal Display hereunder.
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Payment Authorization and Withholding Taxes. AU Optronics shall secure all authorizations required for payment of all amounts due to Universal Display hereunder and shall bear all transfer fees, taxes and other charges associated therewith. If necessary, the parties shall in good faith endeavor to file for and obtain an exemption from the withholding of any taxes on amounts payable to Universal Display hereunder; provided, however, that if AU Optronics is required to withhold such taxes from any amount payable hereunder, Universal Display will be responsible to such amount, and further provided that AU Optronics will assist to obtain the certificate of payment for Universal Display.
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Payment Authorization and Withholding Taxes. SDC shall secure all authorizations required for payment of all amounts due to Universal Display hereunder. The parties shall cooperate in good faith and use their reasonable best efforts to promptly obtain an exemption from the Korean government that would eliminate the requirement for SDC to withhold taxes from any amounts payable to Universal Display hereunder. If, however, the Korean government requires that income taxes on the payments by SDC under this Agreement be withheld and remitted directly to such tax authority on behalf of Universal Display, Universal Display authorizes SDC to do so. Promptly upon making each such tax payment, SDC shall obtain and forward to Universal Display the official tax receipt(s) issued by the Korean government to support Universal Display’s claim to applicable tax credits.
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Payment Authorization and Withholding Taxes. LPL shall secure all authorizations required for payment of all amounts due to Universal Display hereunder and shall bear all transfer fees, taxes and other charges associated therewith. If necessary, the parties shall in good faith endeavor to file for and obtain an exemption from the withholding of any taxes on amounts payable to Universal Display hereunder.
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Payment Authorization and Withholding Taxes. Samsung SDI shall secure all authorizations required for payment of all amounts due to Universal Display hereunder. The parties shall cooperate in good faith and use their reasonable best efforts to promptly obtain an exemption from the Korean government that would eliminate the requirement for Samsung SDI to withhold taxes from any amounts payable to Universal Display hereunder. If, however, the Korean government requires that income taxes on the payments by Samsung SDI under this Agreement be withheld and remitted directly to such tax authority on behalf of Universal Display, [The confidential material contained herein has been omitted and has been separately filed with the Commission.]
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Payment Authorization and Withholding Taxes. Each party shall be responsible for its own taxes, fees, levies, or other charges, which may arise in connection with this Agreement. UDC shall provide all reasonably necessary documents to be eligible for non-deduction by SDC from the License Fee of any Korean withholding tax under the tax treaty between Ireland and South Korea and other applicable laws and regulations (“Withholding Tax”). Based upon the documents already provided (or to be provided until the Effective Date, only upon reasonable request by SDC), to SDC by UDC (the “Licensor Tax Documents”), SDC will pay the full amount of the License Fee without deducting any Withholding Tax. In the event that the Korean National Tax Service or local Korean tax authorities (collectively, the “Korean Authorities”), despite the Licensor Tax Documents, later determine that Withholding Tax should have been deducted from the License Fee made by SDC, then UDC shall be responsible for paying such Withholding Tax, [***] (“Imposed Tax”). [***] SDC will provide reasonable cooperation with UDC and support UDC’s efforts to obtain a refund, if UDC decides to appeal such Imposed Tax, including but not limited to cooperating with UDC’s counsel in its efforts and supporting UDC’s collection of statutory attorney fees from the Korean Authorities that may be due in connection with any refund.
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Payment Authorization and Withholding Taxes. SMD shall secure all authorizations required for payment of all amounts due to Novaled hereunder. In the event that the Korean government requires that income or other taxes on any payment by SMD under this Agreement be withheld, SMD shall withhold and remit such taxes, but only in the applicable amount provided for in the applicable tax treaty between Germany and the Republic of Korea, directly to the Korean tax authority on behalf of Novaled, which withholding and remittance is hereby authorized by Novaled. The Parties shall cooperate with each other to minimize any applicable withholding taxes. Promptly upon making such tax payment, SMD shall obtain and forward to Novaled the official tax receipt(s) issued by the Korean government, which receipt may be used by Novaled to apply for applicable tax credits.
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Related to Payment Authorization and Withholding Taxes

  • Payroll and Withholding Taxes All payments to be made or benefits to be provided hereunder by the Company shall be subject to applicable federal and state payroll or withholding taxes. Any Gross-Up Payment shall be made in the form of withholding taxes and shall not be paid to the Executive, but shall be sent to the IRS in the ordinary course of the Company's payroll withholding.

  • Withholding Taxes The Company may withhold from any amounts payable under this Agreement such Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation.

  • No withholding taxes All payments which each Borrower is liable to make under the Finance Documents to which it is a party may be made without deduction or withholding for or on account of any tax payable under any law of any Pertinent Jurisdiction.

  • Payment of Withholding Taxes Prior to any event in connection with the Award (e.g., vesting) that the Company determines may result in any tax withholding obligation, whether United States federal, state, local or non-U.S., including any social insurance, employment tax, payment on account or other tax-related obligation (the “Tax Withholding Obligation”), the Grantee must arrange for the satisfaction of the minimum amount of such Tax Withholding Obligation through:

  • Tax Consequences and Withholding No Shares will be delivered to you in settlement of vested Units unless you have made arrangements acceptable to the Company for payment of any federal, state, local or foreign withholding taxes that may be due as a result of the delivery of the Shares. You hereby authorize the Company (or any Affiliate) to withhold from payroll or other amounts payable to you any sums required to satisfy such withholding tax obligations, and otherwise agree to satisfy such obligations in accordance with the provisions of Section 14 of the Plan. You may elect to satisfy such withholding tax obligations by having the Company withhold a number of Shares that would otherwise be issued to you in settlement of the Units and that have a fair market value equal to the amount of such withholding tax obligations by notifying the Company of such election prior to the Vesting Date.

  • Tax Reporting and Withholding The Company (and any agent of the Company) shall report all income required to be reported, and withhold from any payment under the Agreement the amount of withholding taxes due, in the opinion of the Company in respect of such income or payment and shall take any other action as may be necessary, in the opinion of the Company, to satisfy all obligations for the reporting of such income and payment of such taxes. The Company, the Board, or any delegatee shall not be held liable for any taxes, penalties, interest, or other monetary amounts owed by Executive or other person as a result of the deferral or payment of any amounts under this Agreement or as a result of the Company’s administration of amounts subject to the Agreement, except as expressly provided herein.

  • Withholding; Tax Matters (a) The Participant acknowledges that the Corporation shall require the Participant to pay the Corporation in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Corporation to such authority for the account of the Participant, and the Participant agrees, as a condition to the grant of the Option and delivery of the Shares or any other benefit, to satisfy such obligations. Notwithstanding the foregoing, the Corporation may establish procedures to permit the Participant to satisfy such obligations in whole or in part, and any other local, state, federal, foreign or other income tax obligations relating to the Option, by electing (the “election”) to have the Corporation withhold shares of Common Stock from the Shares to which the Participant is entitled. The number of Shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator.

  • Tax Liability and Withholding Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains the Participant’s responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting, or exercise of the Option or the subsequent sale of any shares acquired on exercise; and (b) does not commit to structure the Option to reduce or eliminate the Participant’s liability for Tax-Related Items.

  • Deductions and Withholdings All amounts payable or which become payable hereunder shall be subject to all deductions and withholding required by law.

  • Withholding; Tax Payments (a) The General Partner may treat taxes paid by the Partnership on behalf of, all or less than all of the Partners, either as a distribution of cash to such Partners or as a general expense of the Partnership, as determined appropriate under the circumstances by the General Partner.

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