Social Taxes. Social taxes may exist in Canada as well as the USA. In order to avoid double taxation, many countries have signed “totalization agreements” (social security treaties). If the USA and Canada have entered into a totalization agreement, then the executive will not be subject to social taxes in both countries but will pay into one only, usually the USA. However, no matter what the actual social security liabilities are, the executive will only be responsible for hypothetical USA social taxes on “stay-at-home” BKC income (and that of its Affiliates), and BKC will pay all actual social taxes on such income.
Appears in 15 contracts
Samples: Employment and Post Employment Covenants Agreement (Restaurant Brands International Inc.), Employment and Post Employment Covenants Agreement (Restaurant Brands International Inc.), Employment and Post Employment Covenants Agreement (Restaurant Brands International Inc.)
Social Taxes. Social taxes may exist in Canada as well as the USAUnited States. In order to avoid double taxation, many countries have signed “totalization agreements” (social security treaties). If the USA United States and Canada have entered into a totalization agreement, then the executive will not be subject to social taxes in both countries but will pay into one only, usually the USAUnited States. However, no matter what the actual social security liabilities are, the executive will only be responsible for hypothetical USA U.S. social taxes on “stay-at-home” BKC Company income (and that of its Affiliates), and BKC the Company will pay all actual social taxes on such income.
Appears in 2 contracts
Samples: Employment Covenants Agreement (Restaurant Brands International Inc.), Employment Covenants Agreement (Restaurant Brands International Inc.)
