Common use of Form W-2s Clause in Contracts

Form W-2s. Besicorp and Newco agree to comply with the alternate procedure as set forth in Section 5 of Revenue Procedure 96-60, 1996-53 IRB 24 (12/30/96) regarding the preparing and filing of Forms W-2 and related forms as therein prescribed, thereby relieving Besicorp from furnishing Forms W-2 to any employee employed in the current calendar year by Newco.

Appears in 2 contracts

Sources: Contribution and Distribution Agreement (Besicorp LTD), Contribution and Distribution Agreement (Besicorp LTD)