Tax Ownership and Benefits Sample Clauses

Tax Ownership and Benefits. As between Landlord and Tenant, Landlord is the sole owner of the Premises, including any item of equipment, machinery or Personal Property included within the definition of the Premises, and has sole title thereto. Landlord and Tenant agree that Landlord is entitled to all federal, state, and local tax benefits available to the owner of the Premises, including any items of equipment, machinery or Personal Property included within the definition of the Premises, and Tenant agrees that it shall take no position inconsistent with the assumption that Landlord is the owner of the Premises, including any items of equipment, machinery or Personal Property included within the definition of the Premises, for federal, state and local tax purposes. Provided that the Tenant complies with its agreements in this Paragraph 10.6, Tenant shall not be responsible to Landlord under this Paragraph 10.6, under Paragraph 4.1 or otherwise for any loss of tax benefits that Landlord suffers if any applicable federal, state or local tax authority contests any position taken by Landlord or Tenant on any tax return that is consistent with the intention of the parties as reflected in this Paragraph 10.6 and prevails in connection with such contest, provided that, in connection with such contest, Tenant undertakes commercially reasonable efforts to defend the characterization of this Lease consistent with the intention of the parties as reflected in this Paragraph 10.6.
Sample 1
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Related to Tax Ownership and Benefits

  • Separation Pay and Benefits Specifically in consideration of your signing this Agreement and subject to the limitations, obligations, and other provisions contained in this Agreement, the Company agrees as follows:

  • Severance Pay and Benefits Upon Termination by the Company without Cause or by the Executive for

  • Compensation and Benefits As compensation for all services performed by the Executive under and during the term hereof and subject to performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise:

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Severance Payments and Benefits For purposes of this Agreement, the term "Severance Payments and Benefits" shall mean:

  • Burden and Benefit This Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and permitted assigns.

  • Compensation and Benefits Upon Termination (a) If Executive’s employment is terminated by reason of death or Disability, the Company shall pay Executive’s Base Salary, at the rate then in effect, in accordance with the payroll policies of the Company, through the date of such termination (in the event of Executive’s death, the payments will be made to Executive’s beneficiaries or legal representatives) and Executive shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in Sections 5(d) or (e) below or an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • Other Compensation and Benefits Except as may be provided under this Agreement,

  • Vacation and Benefits The Executive is entitled to four (4) weeks of vacation, which will accrue on a pro-rata basis during the employment year, in addition to all public holidays when the office is closed. Executive will be eligible to participate in all employee benefit plans established by the Company for its employees from time to time, subject to general eligibility and participation provisions set forth in such plans. In accordance with Company policies from time to time and subject to proper documentation, the Company will reimburse you for all reasonable and proper travel and business expenses incurred by you in the performance of your duties.

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