TPTX » Topics » 4.9 Tax Withholding.

This excerpt taken from the TPTX 8-K filed Oct 10, 2006.
4.9          Tax Withholding. Any tax required to be withheld by Neurogenetics or any Affiliate or Sublicensee under the laws of any foreign country for the account of LSRI under this Article 4 shall be deducted from the applicable payment to LSRI and promptly paid by Neurogenetics or said Affiliate or Sublicensee for and on behalf of LSRI to the appropriate governmental authority (provided that, if Neurogenetics assigns its obligations under this Agreement to a non-U.S. Affiliate, the amount of any withholding taxes deducted from payments by such Affiliate to LSRI shall not exceed the amount of any withholding taxes that would have been deducted by Neurogenetics had Neurogenetics made such payment to LSRI), and Neurogenetics or the Affiliate shall furnish LSRI with proof of payment of such tax together with official or other appropriate evidence issued by the appropriate governmental authority sufficient to enable LSRI to support a claim for income tax credit in respect of any sum so withheld.


"4.9 Tax Withholding." elsewhere:

Immunomedics (IMMU)
ISTA Pharmaceuticals (ISTA)
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