Temple-Inland to Guaranty/Forestar Sample Clauses

Temple-Inland to Guaranty/Forestar. In the case of an individual who transfers employment at the Relevant Time from Temple-Inland to either Guaranty or Forestar, Guaranty and Forestar, as the case may be, shall be responsible for paying the entire payroll amount due such individual for the first payroll cycle ending after the Relevant Time and for satisfying all applicable tax reporting and withholding requirements in respect of such payment; provided, that, Temple-Inland shall reimburse Guaranty and Forestar for the gross amount of the payroll payment (i.e., including any applicable deductions) and for all tax withholdings remitted in respect of such portion of the payroll period ending before the Relevant Time. Temple-Inland shall be entitled to the benefit of any tax deduction in respect of its payment for the portion of the payroll period ending before the Relevant Time.
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