Withholding Clause Example from Business Contracts

This example Withholding clause appears in 2 contracts from 1 company

Withholding. All payments under this Agreement shall be made subject to applicable tax withholding, and the Employer shall withhold from any payments under this 16 Agreement all federal, state and local taxes as the Employer is required to withhold pursuant to any law or governmental rule or regulation. Executive shall bear all expense of, and be solely responsible for, all federal, state and local taxes due with respect to any payment received under this Agreement other than such taxes that are, by their na...ture, obligations of the Employer (for example, and without limitation, the employer portion of the Federal Insurance Contributions Act (FICA) taxes). View More