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<blockquote data-quote="eastcoastguy" data-source="post: 3384079" data-attributes="member: 71295">copied this from Westcott vs. Fedex settlement. See items in BOLD print at the endG.Income Tax ObligationsThe Settlement Payment is allocated by the Parties to compensate for the reimbursementof expenses (whether deducted from contractual payments to Plaintiff or paid separately byPlaintiff) and interest. No representation has been made to thePlaintiff, Class Members, or theirattorneys by FXG regarding the taxability of any portion of thepayments under this Agreement.Plaintiff, Class Members, and Class Counsel are solely responsible for their own tax filing andpayment obligations arising from this Agreement, except that the Settlement Administrator willprovide Plaintiff, Class Members, and Class Counsel with copiesof IRS Forms 1099 for anypayments the Class Settlement Fund makes to them under this Agreement. If any taxing authority imposes employment taxes because any portion of the Settlement Payment is determined to be taxable wages, the Settlement Administrator shall be responsible for the employer share of such taxes. However, as between the Parties, FXG agrees that it is responsible for the employer share of such taxes rather than Plaintiff or Class Members. Nothing in this paragraph is intended to alter the duties of the Settlement Administrator set forth in this Agreement. </blockquote>

[QUOTE="eastcoastguy, post: 3384079, member: 71295"] copied this from Westcott vs. Fedex settlement. See items in BOLD print at the end G. Income Tax Obligations The Settlement Payment is allocated by the Parties to compensat e for the reimbursement of expenses (whether deducted fr om contractual payments to Plai ntiff or paid separately by Plaintiff) and interest. No representation has been made to the Plaintiff, Class Members, or their attorneys by FXG regarding the taxability of any portion of the payments under this Agreement. Plaintiff, Class Members, and Cl ass Counsel are solely responsi ble for their own tax filing and payment obligations arising from this Agreement, except that th e Settlement Administrator will provide Plaintiff, Class Members, and Class Counsel with copies of IRS Forms 1099 for any payments the Class Settlement Fund makes to them under this Agr eement. [B]If any taxing authority imposes employment taxes because any portion of the S ettlement Payment is determined to be taxable wages, the Settlement Administrator sh all be responsible for the employer share of such taxes. However, as between the Parties, FXG agrees that it is responsible for the employer share of such taxes rather than Plaintiff or C lass Members. Nothing in this paragraph is intended to alter the duties of the Settlement Adm inistrator set forth in this Agreement. [/B] [/QUOTE]

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