Common use of Tax and Other Withholdings Clause in Contracts

Tax and Other Withholdings. The Company may withhold from any payment under the Agreement any federal, state, or local taxes required by law to be withheld with respect to such payment and such sum as the Company may reasonably estimate is necessary to cover any taxes for which the Company may be liable and which may be assessed with regard to such payment. The Company may also withhold sums to cover an employee’s share of any applicable group health insurance premiums. The Company may also withhold sums owed to the Company by an employee which have not been repaid in full before the time for payment of any benefits due under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Exa Corp), Employment Agreement (Exa Corp), Employment Agreement (Exa Corp)

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Tax and Other Withholdings. The Company may withhold from any payment amounts and benefits payable under the this Agreement any applicable federal, state, city or local other taxes as required by law or any under amounts required to be withheld with respect pursuant to such payment and such sum as any employee benefit plan of the Company may reasonably estimate is necessary to cover any taxes for which the Company may be liable and which may be assessed with regard to such payment. The Company may also withhold sums to cover an employee’s share of any applicable group health insurance premiums. The Company may also withhold sums owed to the Company by an employee which have not been repaid in full before the time for payment of any benefits due under this AgreementGroup.

Appears in 1 contract

Samples: Retention Agreement (Independence Contract Drilling, Inc.)

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Tax and Other Withholdings. The Company may withhold from any payment under the Agreement any federal, state, or local taxes required by law to be withheld with respect to such payment and such sum as the Company may reasonably estimate is necessary to cover any taxes for which the Company may be liable and which may be assessed with regard to such payment. The Company may also withhold sums to cover an employee’s 's share of any applicable group health insurance premiums. The Company may also withhold sums owed to the Company by an employee which have not been repaid in full before the time for payment of any benefits due under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Exa Corp)

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