Tax Liability Issues Sample Clauses

Tax Liability Issues. ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ each owe taxes on stock issued to them in 2007 in lieu of cash compensation. EBI did not withhold any amount from such persons in connection with the issuance of share to them. If such persons fail or refuse to pay taxes on such compensation EBI is potentially responsible for such taxes. Notwithstanding the foregoing, or any other provision in this agreement to the contrary, Messrs ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ hereby agree to severally but not jointly indemnify and hold FNG and EBI harmless from the payment of such taxes. 4.