Common use of Payment of Taxes and Withholding Clause in Contracts

Payment of Taxes and Withholding. The Officer or his affiliate will be required to pay his share of any Federal or state income, social security or other taxes that are required to be paid due to the bonuses specified in paragraphs 5 and 6 above and Sysco will withhold such taxes to the extent required by applicable law and regulations.

Appears in 4 contracts

Samples: Executive Compensation Adjustment Agreement (Sysco Corp), Executive Compensation Adjustment Agreement (Sysco Corp), Executive Compensation Adjustment Agreement (Sysco Corp)

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