Payroll Taxes and Reporting of Compensation. Parent and ▇▇▇▇ shall, and shall cause the other Parent Entities and the other ▇▇▇▇ Entities to, respectively, take such action as may be reasonably necessary or appropriate in order to minimize Liabilities related to payroll taxes after the A/L Split Date. Parent and ▇▇▇▇ shall, and shall cause the other Parent Entities and the other ▇▇▇▇ 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 A/L Split Date, including compensation related to the exercise, vesting, settlement or disposition of, or other taxable event relating to, Equity Awards.
Appears in 4 contracts
Sources: Employee Matters Agreement (Netgear, Inc), Employee Matters Agreement (Arlo Technologies, Inc.), Employee Matters Agreement (Arlo Technologies, Inc.)