VIEWS: 310 PAGES: 3 CATEGORY: Creating Business Contracts POSTED ON: 3/4/2011
This clause is used in an agreement whereby a company has the option to withhold distributions of monetary amounts. In certain instances, the company may be required by law to withhold distributions made to employees, especially for income tax purposes. This clause can be included in an employment contract by small businesses or other entities that want to retain the right to withhold distributions that may be mandatory under the law.
"Withholdings from Distributions"