Common use of Withholding and Reporting Clause in Contracts

Withholding and Reporting. All applicable withholding and reporting responsibilities (including all income, payroll or other Tax reporting related to income to any current or former employee) with respect to the issuance, exercise, vesting or settlement of any L Brands Compensatory Equity Interests or VS Compensatory Equity Interests shall be the responsibility of the Party to which such responsibility has been prescribed by Section 8.04 of the Employee Matters Agreement. L Brands and VS acknowledge and agree that the Parties shall cooperate with each other and with third-party providers to effectuate withholding and remittance of Taxes, as well as required Tax reporting, in a timely manner.

Withholding and Reporting. All applicable withholding and reporting responsibilities (including all income, payroll or other Tax reporting related to income to any current or former employeeemployees) with respect to the issuance, exercise, vesting or settlement of any L Brands Parent Compensatory Equity Interests or VS Livent Compensatory Equity Interests shall be the responsibility of the Party party to which such responsibility has been prescribed by Section 8.04 9.02(b) of the Employee Matters Agreement. L Brands Parent and VS Livent acknowledge and agree that the Parties parties shall cooperate with each other and with third-party providers to effectuate withholding and remittance of Taxes, as well as required Tax reporting, in a timely manner.