- 3 - assignment letter to Mr. Smith (Raytheon’s June 1, 1998 assign- ment letter), the receipt of which Mr. Smith acknowledged by signing that letter. Raytheon’s June 1, 1998 assignment letter, inter alia, described certain benefits that Raytheon was to provide to Mr. Smith as a result of Mr. Smith’s working on Johnston Island. That letter stated, inter alia: “Johnston Island is not tax exempt; therefore, standard tax obligations apply.” Raytheon included with Raytheon’s June 1, 1998 assign- ment letter certain documents (Raytheon’s enclosure to Raytheon’s June 1, 1998 assignment letter) that set forth certain terms and conditions of Mr. Smith’s employment with Raytheon. Among the documents in Raytheon’s enclosure to Raytheon’s June 1, 1998 assignment letter was a document entitled “TAX TREATMENT OF JOHNSTON ISLAND ASSIGNMENT EXPENSES” (Raytheon’s description of the tax treatment of Johnston Island assignment expenses), which provided: Employee W-2 and Tax Assignment Expense Tax Classification Withholding Treatment 1. Travel, in-transit Relocation expense Subject to W-2 reporting-Not subject to withholding if deductible 2. Remote site differential Compensation Taxable 3. Subsistence and quarters Business travel expense Taxable 4. Off-island rotation Personal travel Taxable 5. Emergency leave Compensation Taxable NOTE: You should also consult your personal tax advisor for application to your particular tax considerations. Throughout 1999 and 2001, Mr. Smith continued to work forPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011