Tax Liabilities and Code Section 409A. The Executive is solely responsible for the satisfaction of any tax liability with respect to the Consideration, including, but not limited to, any taxes and penalties that may arise under Sections 409A or 4999 of the Code, that may result from any payments or benefits that the Executive receives pursuant to this Agreement or otherwise. Neither NWFL nor ▇▇▇▇▇ shall have any obligation to pay, reimburse, mitigate, or protect the Executive from any such tax liabilities.
Appears in 3 contracts
Sources: Non Competition and Non Solicitation Agreement (Norwood Financial Corp), Non Competition and Non Solicitation Agreement (Norwood Financial Corp), Non Competition and Non Solicitation Agreement (Norwood Financial Corp)