Wage Reporting. The Purchaser and the Sellers agree to utilize, or cause their respective Affiliates to utilize, the standard procedure set forth in Revenue Procedure 2004-53 with respect to wage reporting.
Wage Reporting. Buyer and Seller agree to utilize, or cause their respective Affiliates to utilize, the alternate procedure set forth in Internal Revenue Service Revenue Procedure 2004-53 with respect to wage reporting for employees of the Seller which become employees of the Buyers in connection with the Contemplated Transactions.
Wage Reporting. Buyer and the Company agree to utilize the standard procedure set forth in Revenue Procedure 2004-53 with respect to wage reporting (other than with respect to Employees leased pursuant to the Employee Leasing Agreement, whose wages shall continue to be reported through December 31, 2006 as contemplated by the Employee Leasing Agreement).
Wage Reporting. Buyer and Seller shall utilize, or cause their Affiliates to utilize, the standard procedure set forth in Section 4 of Rev. Proc. 2004-53, with respect to United States wage reporting.
Wage Reporting. Contractor must report the actual hourly wage paid for each trainee at the completion of retention. This information is used by ETP to verify full-time employment.
Wage Reporting. Purchaser and Seller shall utilize, or cause their Affiliates to utilize, the standard procedure set forth in Section 4 of Rev. Proc. 2004-53 with respect to United States wage reporting for the full calendar year in which the Closing occurs, pursuant to which Purchaser and Seller shall each perform all wage reporting duties for the wages that it pays to the Transferred Employees. Seller shall prepare and furnish Forms W-2 for the Transferred Employees for wages paid by Seller and Purchaser shall prepare and furnish Forms W-2 for the Transferred Employees for wages paid by Purchaser. Seller shall retain all Transferred Employees’ Forms W-4 and W-5. Purchaser shall obtain new Forms W-4 and W-5 from the Transferred Employees.
Wage Reporting. Seller and Buyer agree to utilize the alternate procedure set forth in Revenue Procedure 2004-53 with respect to wage reporting.
Wage Reporting. With respect to employment Tax matters:
(a) (i) Purchaser shall assume Seller’s obligation to prepare, file and furnish IRS Forms W-2 and 1095 with respect to the Continuing Employees for the year including the Closing Date; (ii) Seller and Purchaser shall utilize the “alternate procedure” with respect to each Continuing Employee pursuant to the procedure prescribed by Section 5 of Revenue Procedure 2004-53; and (iii) Seller and Purchaser shall work in good faith to adopt similar procedures under applicable wage payment, reporting and withholding laws for all Continuing Employees in all appropriate jurisdictions.
(b) (i) Purchaser shall assume Seller’s obligation to prepare, file and furnish IRS Forms 1099 and 1042-S with respect to the Continuing Employees for the year including the Closing Date; (ii) Seller and Purchaser shall utilize the “alternate procedure” with respect to the Continuing Employees pursuant to the procedure prescribed by Section 5 of Revenue Procedure 1999-50; and (iii) Seller and Purchaser shall work in good faith to adopt similar procedures under applicable wage payment, reporting and withholding laws for the Business in all appropriate jurisdictions.
Wage Reporting. Buyer and Seller shall follow the standard Internal Revenue Service procedure (as set forth in Section 4 of Revenue Procedure 96-60) with regard to reporting of wages on Form W-2 and disposition of Forms W-4 and W-5 for Transferred Employees.
Wage Reporting. Seller and Buyer shall use the standard procedure set forth in IRS Revenue Procedure 2004-53, 2004-2 C.B.320 with respect to wage reporting for employees of Seller hired by Buyer for the year that includes the Closing.
