Tax and Social Security. (a) So far as the Seller is aware, each Company has:
Tax and Social Security. (a) The Companies: (i) have duly and timely complied with all requirements in the matter of Tax; (ii) have duly and timely filed all compulsory Tax returns with the competent Tax authorities and institutes and the information provided thereby are correct, complete and not misleading; (iii) have fully and timely made all payments, assessments, withholdings as well as fully and timely paid any penalties and interest with respect to Taxes as resulting from the filed returns and any notice, assessment or injunction received from any relevant Tax authority or institute; (iv) have made adequate and full provisions in the Accounts for all Tax obligations and liabilities; and (v) have not received any assessment, injunction, request for payment which remain outstanding and unpaid, or other communication from any Tax authority or institute over the last six years and there are no circumstances that may give raise to any such assessment, injunction or request for payment.
Tax and Social Security. (a) The Group Companies: (i) have filed on a timely basis subject to applicable extensions that avoid interest and penalties all compulsory Tax and social security returns (and other statutory filings) with the competent tax and social security authorities and all such returns (and other statutory filings) were complete in all material respect and correct as to the amount of Taxes due; (ii) have made all payments and withholdings with respect to taxes and social security matters as resulting from the filed returns and any assessment or injunction received from any relevant Tax and social security authority within the legally prescribed time limits; and (iii) have not received any assessment, injunction, request for payment or other written communication from any Tax or social security authority over the last three years, other than for negligible amounts, that are still pending.
Tax and Social Security. 6.1 The Executive and the Company wish to make use of the so-called 30%-ruling, as laid down in the relevant provisions of the 0000 Xxxxx Xxxx Tax Act and the 0000 Xxxxx Xxxx Tax Implementation Decree. The Company and Executive will therefore file an application for the 30%-ruling. Only if and when the facility is granted, the following is applicable:
Tax and Social Security. 10.1 The Manager will diligently comply with all legal and contractual provisions to which he is subject and will be exclusively responsible for compliance with all his obligations under the income tax and / or social security legislation or any other legislation such as, amongst others, the Manager’s obligation to affiliate himself to the Belgian social security regime as a self employed remunerated director. The Company will provide the assistance of a tax advisor in order to complete his annual income tax statement and Belgium Social Security obligations. The Manager will indemnify the Company and the Group Companies for all claims that would be made against the Company or Group Companies by any third party or administration because of intentional non-compliance by the Manager with any of its legal obligations and for any claim that would be made against the Company or Group Companies on the basis of or in relation to this Agreement and the Services carried out under this Agreement.
Tax and Social Security. 13.1 All applicable Tax, social security and compulsory insurance laws and regulations in force from time to time have been complied with by the Company and the Seller in respect of the Business.
Tax and Social Security. Compliance The Seller has duly performed all its obligations of a tax and Social Security nature. The Seller has not received notice of assessments for taxes due nor are there pending before any judicial or administrative authority actions or proceedings relating to its tax or social security obligations.
Tax and Social Security. Contributions The Seller assures that all taxes and social security contributions up to the Effective Date with respect to the transferred employees listed in Schedule 7.1 will be duly and thoroughly paid.
Tax and Social Security. EQUALIZATION For the duration of his secondment to the United States, it is agreed that the employee should bear income tax and social security charges on his Professional Income (i.e., annual gross reference salary and performance bonus as defined in (i) and (ii) in article 8, but excluding any professional income relating to any equity-based compensation) which are no higher and no lower than the income tax and social security that he would have paid had he remained in France. Consequently, for the duration of the secondment, the Company will bear the United States Federal and California State income taxes due on his Professional Income as well as on the Benefits. The Company will also bear any French social security contributions due on such Benefits. For the 3/7
Tax and Social Security. Each of the Yelmo Group Companies (i) is current with payment of all its tax and social security obligations, including those related to salary, and does not have any liabilities apart from those expressly appearing in the Yelmo Financial Statements; (ii) has presented in due time and form all required declarations concerning all types of tributes, including for those purposes social security quotes; (iii) has established sufficient reserves in the Yelmo Financial Statements for all those tributes or payments to social security that having come due have not been paid yet; (iv) has not carried out any operation that may be qualified as fictitious, irregular or unusual: (v) except as listed in Schedule A.12, is not involved in, nor has there been threatened, any litigation, administrative, judicial or other types of procedures, tax or labor inspection in relation to all tax and social security matters, nor does it have reasons or motives to believe that it may be in the future.
