Payroll Withholdings Sample Clauses
The Payroll Withholdings clause establishes the obligation of an employer to deduct applicable taxes and other required amounts from an employee’s wages or compensation. In practice, this means the employer will withhold federal, state, and local taxes, as well as other deductions such as Social Security, Medicare, or court-ordered garnishments, before paying the employee their net salary. This clause ensures compliance with legal requirements and protects both parties by clarifying that the employer is responsible for making these mandatory deductions, thereby preventing potential disputes or liabilities related to unpaid taxes or withholdings.
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Payroll Withholdings. The Company may withhold from any compensation or benefits payable under this Agreement all federal, state, city, or other taxes or deductions as may be required pursuant to any law or governmental regulation or ruling.
Payroll Withholdings. From each payment to Executive of Base Salary and bonus, if any, the Company will report, withhold and pay to the proper governmental authorities any and all amounts required by law to be withheld for federal, state and local income and employment taxes, and any and all other amounts required by law to be reported and/or withheld from Executive’s wages. The Company will also deduct from Executive’s salary payments those sums authorized by Executive in writing and approved by the Company. The Company will make those payments and contributions, such as unemployment insurance premiums, workers’ compensation insurance premiums, the employer’s portion of state disability insurance premiums, and the employer’s portion of federal employment taxes, which are required by law to be made by the Company.
Payroll Withholdings. Employee authorizes the Company to deduct from any payment made pursuant to Section 4 hereof all amounts required to be withheld by federal, state and/or local taxing authorities.
Payroll Withholdings. From each payment to Executive of Base Salary and bonus, if any, the Company will report, withhold and pay to the proper governmental authorities any and all amounts required by law to be withheld for federal, state and local income and employment taxes, and any and all other amounts required by law to be reported and/or withheld from Executive’s wages. The Company will also deduct from Executive’s Base Salary payments for (i) federal, state and local income and employment taxes on equity and equity-based awards to Executive from the Company, and (ii) any additional sums authorized by Executive in writing and approved by the Company. The Company will make those withheld payments and the employer’s portion of federal employment taxes, which are required by law to be made by the Company.
Payroll Withholdings. Payroll withholdings shall be submitted to the bookkeeper by September 15. Subsequent changes shall be submitted to the bookkeeper fourteen (14) days prior to the first board meeting of any given month.
Payroll Withholdings. All payments of Base Salary, Cash Bonus, Deferred Compensation, and other compensation payable by Company pursuant to this Agreement shall be subject to the customary withholding of income taxes and shall be subject to other withholdings required with respect to compensation paid by a corporation to an employee.