Common use of Taxes and Indemnification Clause in Contracts

Taxes and Indemnification. Employee agrees to pay all taxes (other than Company’s share of payroll taxes) found to be owed based upon the Consideration provided to Employee under this Agreement and to indemnify and hold the Company harmless for any federal, state and local tax liability (including taxes, interest, penalties or the like, and required withholdings), which may be asserted against or imposed upon the Released Parties by any taxing authority related to such Consideration due to Employee’s non-payment of taxes for which Employee is legally responsible. Employee understands and agrees that the Company may file any necessary tax documentation regarding the Consideration provided to Employee under this Agreement. Employee and the Company acknowledge that nothing herein constitutes tax advice to the other Party.

Appears in 2 contracts

Samples: Separation Agreement and General Release (Kubient, Inc.), Separation Agreement and General Release (Kubient, Inc.)

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Taxes and Indemnification. Employee agrees to pay all taxes (other than Company’s share of payroll taxes) found to be owed based upon the Consideration monetary consideration provided to or on behalf of Employee under this Agreement and to indemnify and hold the Company Employer harmless for any federal, state and local tax liability (including taxes, interest, penalties or the like, and required withholdings), which may be asserted against or imposed upon the Released Parties Employer by any taxing authority related to such Consideration consideration due to Employee’s non-payment of taxes for which Employee is legally responsible. Employee understands and agrees that the Company Employer may file any necessary tax documentation regarding the Consideration consideration provided to or on behalf of Employee under this Agreement. Employee and the Company The Parties acknowledge that nothing herein constitutes tax advice to the other Party.

Appears in 1 contract

Samples: Separation Agreement and General Release (Purple Innovation, Inc.)

Taxes and Indemnification. Employee agrees to pay all taxes (other than Company’s share of payroll taxes) found to be owed based upon the Consideration consideration provided to or on behalf of Employee under this Agreement and to indemnify and hold the Company harmless for any federal, state and local tax liability (including taxes, interest, penalties or the like, and required withholdings), which may be asserted against or imposed upon the Released Parties by any taxing authority related to such Consideration consideration due to Employee’s non-payment of taxes for which Employee is legally responsible. Employee understands and agrees that the Company may file any necessary tax documentation regarding the Consideration consideration provided to or on behalf of Employee under this Agreement. Employee and the Company acknowledge that nothing herein constitutes tax advice to the other Party.

Appears in 1 contract

Samples: Separation Agreement and General Release (Kubient, Inc.)

Taxes and Indemnification. Employee agrees to pay any and all taxes (other than Company’s share of payroll taxes) found to be owed based upon the Consideration provided from Payment made pursuant to Employee under this Agreement and to indemnify and hold the Company harmless for any federal, state and local tax liability (liability, including taxes, interest, penalties or the like, and required withholdings), which may be or is asserted against or imposed upon the Released Parties Releasees by any taxing authority related based upon any amounts paid to such Consideration due to Employee as a result of Employee’s 's non-payment of taxes of such amounts for which Employee is legally responsible. Employee understands and agrees that the Company may file any necessary tax documentation regarding the Consideration provided documentation, such as W-2s, may be filed by Company with regard to Employee monies paid under this Agreement. Employee and the Company acknowledge that nothing herein constitutes shall constitute tax advice to the other Partyparty.

Appears in 1 contract

Samples: Confidential Separation and General Release Agreement (Greenlane Holdings, Inc.)

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Taxes and Indemnification. Employee agrees to pay all taxes (other than Company’s share of payroll taxes) found to be owed based upon the Consideration provided to Employee under this Agreement and to indemnify and hold the Company harmless for any federal, state and local tax liability (including taxes, interest, penalties or the like, and required withholdings), which may be asserted against or imposed upon the Released Parties by any taxing authority related to such Consideration consideration due to Employee’s non-payment of taxes for which Employee is legally responsible. Employee understands and agrees that the Company may file any necessary tax documentation regarding the Consideration provided to Employee under this Agreement. Employee and the Company acknowledge that nothing herein constitutes tax advice to the other Party.

Appears in 1 contract

Samples: Separation Agreement and General Release (Kubient, Inc.)

Taxes and Indemnification. Employee agrees to pay all taxes (other than Company’s share of payroll taxes) found to be owed based upon the Consideration consideration provided to Employee under this Agreement and to indemnify and hold the Company harmless for any federal, state and local tax liability (including taxes, interest, penalties or the like, and required withholdings), which may be asserted against or imposed upon the Released Parties by any taxing authority related to such Consideration consideration due to Employee’s non-payment of taxes for which Employee is legally responsible. Employee understands and agrees that the Company may file any necessary tax documentation regarding the Consideration provided to Employee payments made under this Agreement. Employee and the Company acknowledge that nothing herein constitutes tax advice to the other Party.

Appears in 1 contract

Samples: Separation Agreement and General Release (XPO, Inc.)

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