Payroll Taxes and Reporting of Compensation. Each of IAC, TM, Interval, HSN and Tree shall, and shall cause each of its respective Subsidiaries to, take such action as may be reasonably necessary or appropriate in order to minimize Liabilities related to payroll taxes after the Distribution Date. Each of IAC, TM, Interval, HSN and Tree shall, and shall cause each if its respective Subsidiaries to, respectively, 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 and the vesting and/or settlement of Restricted Stock Units.
Appears in 4 contracts
Samples: Employee Matters Agreement (Tree.com, Inc.), Employee Matters Agreement (Ticketmaster), Employee Matters Agreement (Interval Leisure Group, Inc.)
