Common use of Payroll Tax Clause in Contracts

Payroll Tax. The Seller agrees to make a clean cut‑off of payroll and payroll tax reporting with respect to the Affected Employees paying over to the federal, state and city governments those amounts respectively withheld or required to be withheld for periods ending on or prior to the Closing Date. The Seller also agrees to issue, by the date prescribed by IRS Regulations, Forms W‑2 for wages paid through the Closing Date. Except as set forth in this Agreement, Buyer shall be responsible for all payroll and payroll tax obligations after the Closing Date for Affected Employees.

Appears in 7 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Outback Steakhouse Inc), Asset Purchase Agreement (Outback Steakhouse Inc)

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Payroll Tax. The Seller agrees to make a clean cut‑off cut-off of payroll and payroll tax reporting with respect to the Affected Employees paying over to the federal, state and city governments those amounts respectively withheld or required to be withheld for periods ending on or prior to the Closing Date. The Seller also agrees to issue, by the date prescribed by IRS Regulations, Forms W‑2 W-2 for wages paid through the Closing Date. Except as set forth in this Agreement, Buyer shall be responsible for all payroll and payroll tax obligations after the Closing Date for Affected Employees.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Outback Steakhouse Inc), Asset Purchase Agreement (Outback Steakhouse Inc)

Payroll Tax. The Seller agrees to make a clean cut‑off cut-off of payroll and payroll tax reporting with respect to the Affected Employees paying over to the federal, state and city governments those amounts respectively withheld or required to be withheld for periods ending on or prior to the Closing Date. The Seller also agrees to issue, by the date prescribed by IRS Regulations, Forms W‑2 W-2 for wages paid through the Closing Date. Except as set forth in this Agreement, Buyer shall be responsible for all payroll and payroll tax obligations after the Closing Date for Affected Employees.

Appears in 1 contract

Samples: Asset Purchase Agreement (U S Laboratories Inc)

Payroll Tax. The Seller agrees to will make a clean cut‑off cut-off of payroll and payroll tax reporting with respect to the Affected Employees paying over to the federal, state state, and city governments those amounts respectively withheld or required to be withheld for periods ending on or prior to the Closing Date. The Seller also agrees to will issue, by the date prescribed by IRS Regulations, Forms W‑2 W-2 for wages paid through the Closing Date. Except as set forth in this Agreement, Buyer shall will be responsible for all payroll and payroll tax obligations after the Closing Date for Affected Employees.

Appears in 1 contract

Samples: Asset Purchase Agreement (U S Laboratories Inc)

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Payroll Tax. The Seller agrees to make a clean cut‑off cut-off of payroll and payroll tax reporting with respect to the Affected Employees paying over to the federal, state and city governments those amounts respectively withheld or required to be withheld for periods ending on or prior to the Closing Date. The Seller also agrees to issue, by the date prescribed by IRS Regulations, Forms W‑2 W-2 for wages paid through the Closing Date. Except as set forth in this Agreement, Buyer Purchaser shall be responsible for all payroll and payroll tax obligations after the Closing Date for Affected Employees.

Appears in 1 contract

Samples: Asset Purchase Agreement (Innovative Software Technologies Inc)

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