Payroll Taxes and Reporting of Compensation. Parent and Xxxxx Xxxxxxx shall, and shall cause the other Parent Entities and the other Xxxxx Xxxxxxx Entities to, respectively, take such action as may be reasonably necessary or appropriate in order to minimize Liabilities related to payroll taxes after the Distribution Date. Parent and Xxxxx Xxxxxxx shall, and shall cause the other Parent Entities and the other Xxxxx Xxxxxxx Entities to, respectively, each bear its responsibility for payroll tax obligations and for the proper reporting to the appropriate governmental authorities of compensation earned by their respective employees after the Close of the Distribution Date, including compensation related to the exercise of Options.
Appears in 5 contracts
Samples: Employee Benefits Agreement (Piper Jaffray Companies), Employee Benefits Agreement (Piper Jaffray Companies), Employee Benefits Agreement (Piper Jaffray Companies)
