Forms W-2 Sample Clauses

Forms W-2. Temple-Inland shall retain Form W-2 and other payroll reporting obligations for the 2007 calendar year for all Guaranty Employees, Former Guaranty Employees, Forestar Employees and Former Forestar Employees. Each Party shall bear the expense of, and W-2 and other payroll reporting obligations for, all compensation payable to or on behalf of its employees, contractors, and former employees and contractors in years subsequent to 2007 (including compensation relative to relocations or relocation subsidies initiated prior to 2008) except as otherwise set forth herein.

Forms W-2. Buyer and Seller agree to cooperate and to take all actions reasonably necessary to permit reliance by Seller, with respect to Transferred Individuals, on the "alternate procedure" provided under Internal Revenue Service Revenue Procedure 96-60, and to relieve Seller from the requirement of furnishing Forms W-2 to any such Transferred Individuals for the calendar year within which occurs the Closing Date. Without limiting the foregoing, Seller agrees timely to provide Buyer with all information necessary for Buyer to include on the Forms W-2 it furnishes to Transferred Individuals for such calendar year the wages paid and taxes withheld by Seller with respect to such Individuals during such calendar year.

Forms W-2. As permitted by Internal Revenue Service Revenue Procedure 96-60, Section 5, Seller and Buyer agree that Buyer, as the “successor employer” described therein within the meaning of Section 3121(a)(1) of the Code, will furnish and file a single Form W-2 for wages paid by both Seller and Buyer to each Acquired Employee during the calendar year in which the Closing occurs, and Buyer assumes and shall perform Seller’s entire Form W-2 reporting obligations for the Acquired Employees, provided that Seller furnishes Buyer with all information necessary to fulfill such obligation on a timely basis. Seller shall remain responsible for the Form W-2 reporting obligations for those employees of Seller who do not become Acquired Employees. Accordingly, provided that Seller furnishes Buyer with all information necessary to fulfill such obligation on a timely basis, Buyer shall (a) furnish Forms W-2 to the Acquired Employees by January 31 following the calendar year in which the Closing occurs, and (b) file Forms W-2 and W-3 as to the Acquired Employees with the Social Security Administration by the last day of February of such calendar year. With respect to Forms 941 for the quarter in which the Closing occurs, (x) Seller will attach a statement to its Form 941 which (i) explains the discrepancy that will exist between the amounts reported on its Form W-3 and four quarterly Forms 941, (ii) includes the name, address, and identification number of the Buyer, and (iii) includes a reference to Revenue Procedure 96-60, and (y) Buyer will attach a similar statement to its Form 941 referencing Seller. Finally, Seller will transfer to the successor all current Forms W-4 and W-5 that were provided to Seller by the Acquired Employees, and Buyer will keep the transferred Forms W-4 and W-5 on file and deduct and withhold from the wages it pays to the Acquired Employees according to the information supplied on those forms until an Acquired Employee submits a revised form. Seller and Buyer shall follow similar procedures with respect to state and local employment and withholding tax administration where such procedures are available.

Forms W-2. If the Closing occurs prior to January 1, 1997, Buyer shall use the "Alternative Procedure" provided in Section 5 of Revenue Procedure 84-77 with respect to filing and furnishing Internal Revenue Service Forms W-2, W-3 and 941 for the 1996 calendar year. Under such "Alternative Procedure," (i) Sellers and Buyer each shall report on a predecessor-successor basis as set forth in such Revenue Procedure, (ii) Sellers shall be relieved from furnishing Forms W-2 to Transferred Employees, and (iii) Buyer shall assume the obligations of Sellers to furnish such Forms W-2 to such Transferred Employees for the full 1996 calendar year. Buyer also shall use such similar procedures and make similar elections under state or local tax laws. Buyer shall be responsible for filing and furnishing Internal Revenue Service Forms W-2, W-3 and 941 for the 1996 calendar year.

Forms W-2. (i) Each Party shall bear the expense of, and W-2 and other payroll reporting obligations for, all compensation payable to or on behalf of its employees, contractors, and former employees and contractors for periods on and after the Distribution Date (including compensation relative to relocations or relocation subsidies initiated prior to the Distribution Date) except as otherwise set forth herein. (ii) EquaGen shall be responsible for W-2 and other payroll reporting obligations for, all compensation payable in 2008 to or on behalf of (A) all Former EquaGen System Employees who were employed by EquaGen or a Subsidiary of EquaGen on the date of the conversion of Entergy Nuclear Operations, Inc. into EquaGen Nuclear LLC and (B) all EquaGen System Employees. (iii) Entergy shall be responsible for W-2 and other payroll reporting obligations for, all compensation payable in 2008 to or on behalf of (A) Entergy Employees, (B) Former Entergy Employees, and (C) Former EquaGen System Employees who were not employed by EquaGen or a Subsidiary of EquaGen on the date of the conversion of Entergy Nuclear Operations, Inc. into EquaGen Nuclear LLC. (iv) Entergy shall be responsible for W-2 and other payroll reporting obligations for, all compensation payable in respect of Enexus Employees and Former Enexus Employees for the period prior to the Distribution Date, other than for payments in respect of services for Entergy Nuclear Nebraska, LLC, which shall retain such responsibility.

Forms W-2. The parties hereby adopt, if applicable, for purposes of this Agreement and the transactions contemplated hereby, the standard procedure provided in Section 4 of Revenue Procedure 2004-53, I.R.B. 2004-34 in respect of the U.S. Transferred Employees.