Common use of Taxes and Reported Income Clause in Contracts

Taxes and Reported Income. Payee acknowledges and agrees that Payee is obligated to report as income all consideration that Payee receives under this Agreement, and Payee acknowledges and agrees to pay all applicable taxes and employment deductions thereon. Payee further agrees to indemnify the Company and hold it harmless to the extent of any obligation imposed on the Company (a) to pay withholding taxes or similar items or (b) resulting from Payee being determined not to be a consultant.

Taxes and Reported Income. Payee acknowledges and agrees that Payee is obligated to report as income all consideration that Payee receives under this Agreement, and Payee acknowledges and agrees to pay all applicable taxes and employment deductions thereon. Payee further agrees to indemnify the Company and hold it harmless to the extent of any obligation imposed on the Company Company (a) to pay withholding taxes or similar items or (b) resulting from Payee being determined not to be a consultant.