Tax Liability and Withholding Clause Example from Business Contracts

This example Tax Liability and Withholding clause appears in 3 contracts from 3 companies

Tax Liability and Withholding. Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Director's responsibility and the Company: (a) makes no representations or undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting, or exercise of the Option or the subsequent sale of any shares acquired on exercise; ...and (b) does not commit to structure the Option to reduce or eliminate the Director's liability for Tax-Related Items. View More