Common use of PAYE Clause in Contracts

PAYE. The Company has properly operated the Pay As You Earn system deducting tax as required by law from all payments to or treated as made to its employees and ex-employees and accounting to HM Revenue & Customs for all tax so deducted and all tax chargeable on benefits provided for employees of the Company.

Appears in 2 contracts

Sources: Share Sale and Purchase Agreement (SGS International, Inc.), Share Sale and Purchase Agreement (SGS International, Inc.)

PAYE. The Company has properly operated the Pay As You Earn system deducting tax as required by law from all payments to or treated as made to its employees and ex-employees of the Company prior to the date hereof and accounting accounted to HM the Inland Revenue & Customs for all tax so deducted and all tax chargeable on benefits provided for employees of persons employed at any time by the Company.

Appears in 1 contract

Sources: Option Agreement (Paracelsian Inc /De/)