Timing; Withholding Clause Samples

Timing; Withholding. Any amount payable to Employee under this Agreement will be subject to all applicable federal, state, and local withholdings, as well as payroll or other taxes. If Employee has properly executed and returned a Release of Claims and the applicable revocation period has lapsed, Severance will be paid to Employee within 60 days after the Termination Date; provided that if the 60-day period covers two calendar years, Severance will be paid in the second calendar year.