Tax Liability Contract Clauses (51)

Tax Liability. Notwithstanding any action the Company takes with respect to any or all tax or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Participant's responsibility, and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting or settlement of this Award or the subsequent sale of any shares acquired hereunder; and (b) does not commit to structure t...he Award to reduce or eliminate the Participant's liability for Tax-Related Items. View More

Tax Liability. Except as set forth in Paragraph 9 of this Agreement, the Employee is exclusively liable for the payment of any federal, state, city or other taxes that may be due as a result of the Change in Control Payment received by the Employee; provided, however, that Wesbanco shall pay all federal, state and local amounts withheld from payments to the Employee and all of the employment taxes at the time normally paid by Wesbanco on the Employee's Change in Control Payment in connection with the considera...tion payable to the Employee pursuant to this Agreement. 13 31. Headings. Headings are inserted for convenience only and shall not control or affect the meaning or construction of any provision of this Agreement. View More

Tax Liability. Employee assumes full responsibility for any and all taxes, interest and/or tax penalties that may ultimately be assessed upon any payments made by Company provided hereunder. In the event that any taxing authority seeks to collect taxes, interest and/or penalties from the Company on the consideration conveyed to Employee under this Agreement, Employee will hold the Company harmless from any and all claims for such taxes, interest and/or tax penalties and will indemnify the Company against any s...uch tax-related claims, except and to the extent that the liability arises solely from the Company failing to withhold amounts from any such payments as provided or required by applicable provisions of federal, state or local law. View More

Tax Liability. The parties agree that the severance payments as described in Sections 2(a) and 2(b) are employee compensation for the purposes of the Internal Revenue Code, and the Company will make all appropriate employee and employer withholdings relating thereto and report the severance payment on IRS Form W-2. Company will have the right to deduct from any compensation payable to Executive under this Agreement all federal, state and local income taxes, social security taxes and such other mandatory deduct...ions normally deducted from the Executive's compensation (that is, the Company will not deduct from Executive's compensation the employer's share of FICA, FUTA, Medicaid, etc.) as may now be in effect or may be enacted or required after the Effective Date of this Agreement. View More