Common use of Timing of Tax Payment Clause in Contracts

Timing of Tax Payment. The Trustee will pay the Tax Payment to the Employee in no event later April 1 of the year following the year in which the respective Company Contribution is contributed, or earnings allocated, to the Employee’s Account under this Agreement. Such payment shall be made in a timely manner in order to allow the Employee to pay taxes when due.

Appears in 6 contracts

Samples: Executive Bonus Agreement (DT Credit Company, LLC), Executive Bonus Agreement (DT Credit Company, LLC), Executive Bonus Agreement (DT Acceptance Corp)

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Timing of Tax Payment. The Trustee will pay the Tax Payment to the Employee in no event later April 1 of the year following the year in which the respective Company Contribution is contributed, or earnings allocated, to the Employee’s Account under this thus Agreement. Such payment shall be made in a timely manner in order to allow the Employee to pay taxes when due.

Appears in 4 contracts

Samples: Executive Bonus Agreement, Executive Bonus Agreement (DT Credit Company, LLC), Executive Bonus Agreement (DT Acceptance Corp)

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