Withholding and Payroll Taxes. The payment of any Annual Base Salary and bonus or other amounts to Executive as provided hereunder or otherwise shall be subject to applicable withholding and payroll taxes and such other deductions as may be required by law or under any of the Company’s policies or plans from time to time in effect.
Withholding and Payroll Taxes. Any and all payments to Employee under this Agreement are subject to applicable withholding and payroll taxes.
Withholding and Payroll Taxes. The Company shall withhold from any and all benefits made under this Article 2, all federal, state and local income taxes, employment and other taxes required to be withheld by the Company in connection with the benefits hereunder, in amounts to be determined in the sole discretion of the Company.
Withholding and Payroll Taxes. KCSI and Xxxxxxxx each agree that the issuer of the stock issued upon the exercise of a Substituted Option shall withhold all federal, state, local or other taxes required to be withheld in connection with the exercise of a Substituted Option, and shall provide a statement to the optionee (or his or her estate) showing the compensation income recognized under Code Section 83 during the applicable calendar year. KCSI and Xxxxxxxx also agree that the company which is paying the employee (or if the optionee exercising is no longer employed, the company which was paying such optionee at the time he or she left service) at the time of exercise of a Substituted Option shall pay the employer portion of any FICA (including Medicare) and Railroad Retirement taxes due on the exercise of the Substituted Options.
Withholding and Payroll Taxes. All amounts payable by the Company to Executive pursuant to this Agreement, including without limitation all cash compensation, any Sale Bonus, and any settlement of stock options, are subject to and will be reduced by amounts the Company is required to withhold for all applicable federal, state, and local income and payroll taxes.
Withholding and Payroll Taxes. All amounts payable by the Company to Executive pursuant to this Second Addendum are subject to and will be reduced by amounts the Company is required to withhold for all applicable federal, state, and local income and payroll taxes.
Withholding and Payroll Taxes. Each individual listed on SECTION 4.4 of the Seller Disclosure Schedule will have executed an agreement with Seller in the form of EXHIBIT H requiring such individual to pay to Seller an amount equal to the withholding and payroll taxes due on the issuance of all shares to such individual shown on SECTION 4.4 of the Seller Disclosure Schedule. Such payment will be made within 5 business days after the date on which Buyer first files with the SEC a report under the Exchange Act containing the combined results of operations for Seller and Buyer for a period of 30 days (the "FILING DATE"). Such taxes will equal the number of the shares of Buyer Common Stock issued to such individual in exchange for the aggregate shares of Seller Capital Stock on SECTION 4.4 of the Seller Disclosure Schedule opposite such individual's name multiplied by the Exchange Rate multiplied by the closing price of Buyer Common Stock on the Filing Date multiplied by 35.45%.
Withholding and Payroll Taxes. All amounts payable by the Company to Executive pursuant to this Agreement are subject to and will be reduced by amounts the Company is required to withhold for all applicable federal, state, and local income and payroll taxes.
Withholding and Payroll Taxes. All forms of compensation payable pursuant to the terms of this agreement are subject to applicable withholding and payroll taxes.
Withholding and Payroll Taxes. The Company shall withhold from any and all benefits made under this Article 3, all federal, state and local income, employment and other taxes required to be withheld by the Company in connection with the benefits hereunder.
