Common use of Withholding and Taxes Clause in Contracts

Withholding and Taxes. The Employing Companies may withhold from any payment made hereunder (i) any taxes that the Employing Companies reasonably determine are required to be withheld under federal, state, or local tax laws or regulations, and (ii) any other amounts that the Employing Companies are authorized to withhold. Except for employment taxes that are the obligation of the Employing Companies, the Executive shall pay all federal, state, local, and other taxes (including, without limitation, interest, fines, and penalties) imposed on him under applicable law by virtue of or relating to the payments and/or benefits contemplated by this Agreement, subject to any reimbursement provisions of this Agreement.

Appears in 8 contracts

Samples: Employment Agreement (Old National Bancorp /In/), Employment Agreement (Old National Bancorp /In/), Employment Agreement (Old National Bancorp /In/)

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Withholding and Taxes. The Employing Companies may withhold from any payment made hereunder (i) any taxes that the Employing Companies reasonably determine are required to be withheld under federal, state, or local tax laws or regulations, and (ii) any other amounts that the Employing Companies are authorized to withhold. Except for employment taxes that are the obligation of the Employing Companies, the Executive shall pay all federal, state, local, and other taxes (including, without limitation, interest, fines, and penalties) imposed on him him/her under applicable law by virtue of or relating to the payments and/or benefits contemplated by this Agreement, subject to any reimbursement provisions of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Old National Bancorp /In/), Employment Agreement (Old National Bancorp /In/), Employment Agreement (Old National Bancorp /In/)

Withholding and Taxes. The Employing Companies may withhold from any payment made hereunder (i) any taxes that the Employing Companies reasonably determine are required to be withheld under federal, state, or local tax laws or regulations, and (ii) any other amounts that the Employing Companies are authorized to withhold. Except for employment taxes that are the obligation of the Employing Companies, the Executive shall pay all federal, state, local, and other taxes (including, without limitation, interest, fines, and penalties) imposed on him his/her under applicable law by virtue of or relating to the payments and/or benefits contemplated by this Agreement, subject to any reimbursement provisions of this Agreement.

Appears in 2 contracts

Samples: Control Agreement (Old National Bancorp /In/), Change of Control Agreement (Old National Bancorp /In/)

Withholding and Taxes. The Employing Companies Company may withhold from any payment made hereunder (i) any taxes that the Employing Companies Company reasonably determine are required to be withheld under federal, state, or local tax laws or regulations, and (ii) any other amounts that the Employing Companies Company are authorized to withhold. Except for employment taxes that are the obligation of the Employing CompaniesCompany, the Executive shall pay all federal, state, local, and other taxes (including, without limitation, interest, fines, and penalties) imposed on him under applicable law by virtue of or relating to the payments and/or benefits contemplated by this Agreement, subject to any reimbursement provisions of this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Indiana Community Bancorp), Plan of Merger (Old National Bancorp /In/)

Withholding and Taxes. The Employing Companies Company may withhold from any payment made hereunder (i) any taxes that the Employing Companies Company reasonably determine determines are required to be withheld under federal, state, or local tax laws or regulations, and (ii) any other amounts that the Employing Companies are Company is authorized to withhold. Except for employment taxes that are the obligation of the Employing CompaniesCompany, the Executive shall pay all federal, state, local, and other taxes (including, without limitation, interest, fines, and penalties) imposed on him under applicable law by virtue of or relating to the payments and/or benefits contemplated by this Agreement, subject to any reimbursement provisions of this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Indiana Community Bancorp), Plan of Merger (Old National Bancorp /In/)

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Withholding and Taxes. The Employing Companies may withhold from any payment made hereunder (i) any taxes that the Employing Companies reasonably determine are required to be withheld under federal, state, or local tax laws or regulations, and (ii) any other amounts that the Employing Companies are authorized to withhold. Except for employment taxes that are the obligation of the Employing Companies, the Executive shall pay all federal, state, local, and other taxes (including, without limitation, interest, fines, and penalties) imposed on him her under applicable law by virtue of or relating to the payments and/or benefits contemplated by this Agreement, subject to any reimbursement provisions of this Agreement.

Appears in 2 contracts

Samples: Severance Agreement (Old National Bancorp /In/), Change of Control Agreement (Old National Bancorp /In/)

Withholding and Taxes. The Employing Companies Company may withhold from any payment made hereunder (i) any taxes that the Employing Companies Company reasonably determine are required to be withheld under federal, state, or local tax laws or regulations, and (ii) any other amounts that the Employing Companies are Company is authorized to withhold. Except for employment taxes that are the obligation of the Employing CompaniesCompany, the Executive shall pay all federal, state, local, and other taxes (including, without limitation, interest, fines, and penalties) imposed on him him/her under applicable law by virtue of or relating to the payments and/or benefits contemplated by this Agreement, subject to any reimbursement provisions of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Old National Bancorp /In/)

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