Common use of Withholding and Payroll Practices[; Tax Equalization] Clause in Contracts

Withholding and Payroll Practices[; Tax Equalization]. All salary, severance payments, bonuses or benefits payments made by the Company under this Agreement shall be net of any tax or other amounts required to be withheld by the Company under applicable law and shall be paid in the ordinary course pursuant to the Company’s then existing payroll practices.

Appears in 4 contracts

Samples: Employment Agreement (Akoustis Technologies, Inc.), Employment Agreement (Akoustis Technologies, Inc.), Employment Agreement (Akoustis Technologies, Inc.)

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Withholding and Payroll Practices[; Tax Equalization]. All salary, severance payments, bonuses or benefits payments made by the Company under this Agreement shall be net of any tax or other amounts required to be withheld by the Company under applicable law and shall be paid in the ordinary course pursuant to the Company’s then existing payroll practices. [The next page is the signature page.]

Appears in 1 contract

Samples: Employment Agreement

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