Certain Tax Matters Contract Clauses (179)

Grouped Into 8 Collections of Similar Clauses From Business Contracts

This page contains Certain Tax Matters clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Certain Tax Matters. (a) The Grantee expressly acknowledges and agrees that the Grantee's rights hereunder, including the right to be issued shares of Stock upon the vesting of the Restricted Stock Units (or any portion thereof), are subject to the Grantee's promptly paying, or in respect of any later requirement of withholding being liable promptly to pay at such time as such withholdings are due, to the Company in cash (or by such other means as may be acceptable to the Administrator in its discretion) all taxes r...equired to be withheld, if any. No shares of Stock will be required to be transferred pursuant to the vesting of the Restricted Stock Units (or any portion thereof) unless and until the Grantee or the person then holding the Award has remitted to the Company an amount in cash sufficient to satisfy any federal, state, or local requirements with respect to tax withholdings then due and has committed (and by accepting the Award the Grantee shall be deemed to have committed) to pay in cash all tax withholdings required at any later time in respect of the transfer of such shares, or has made other arrangements satisfactory to the Administrator with respect to such taxes. The Grantee also authorizes the Company and its subsidiaries to withhold such amounts from any amounts otherwise owed to the Grantee, but nothing in this sentence shall be construed as relieving the Grantee of any liability for satisfying his or her obligations under the preceding provisions of this Section. -4- (b) The Grantee expressly acknowledges that because the Award consists of an unfunded and unsecured promise by the Company to deliver Stock in the future, subject to the terms hereof, it is not possible to make a so-called "83(b) election" with respect to the Award. View More
Found in The Michaels Companies Inc contract
View All 17 Similar Clauses
Certain Tax Matters. (a) The Grantee expressly acknowledges and agrees that the Grantee's rights hereunder, including the right to be issued shares of Stock upon the vesting of the Restricted Stock Units (or any portion thereof), are subject to the Grantee's promptly paying, or in respect of any later requirement of withholding being liable promptly to pay at such time as such withholdings are due, to the Company in cash (or by such other means as may be acceptable to the Administrator in its discretion) all taxes r...equired to be withheld, if any. No any (the "Withholding Obligation"). (b) By accepting this Award, the Grantee hereby acknowledges that the Company will hold back whole shares of Stock will be required to be transferred otherwise deliverable pursuant to the vesting of the Restricted Stock Units (or any portion thereof) unless and until the Grantee or the person then holding the Award has remitted to the Company an amount in cash this Agreement, as applicable, having a Fair Market Value sufficient to satisfy any federal, state, or local requirements with respect to tax withholdings then due and has committed (and by accepting the Award the Grantee shall be deemed to have committed) to pay Withholding Obligation (but not in cash all tax withholdings required at any later time in respect excess of the transfer of applicable minimum statutory withholding obligations or such shares, or has made other arrangements satisfactory greater amount that would not result in adverse accounting consequences to the Administrator with respect to such taxes. The Grantee also authorizes the Company and its subsidiaries to withhold such amounts from any amounts otherwise owed to the Grantee, but nothing in this sentence shall be construed as relieving the Grantee of any liability for satisfying his or her obligations under the preceding provisions of this Section. -4- (b) The Grantee expressly acknowledges that because the Award consists of an unfunded and unsecured promise by the Company to deliver Stock in the future, subject to the terms hereof, it is not possible to make a so-called "83(b) election" with respect to the Award. Company). View More
Found in ABIOMED Inc contract
Certain Tax Matters. (a) The Grantee expressly acknowledges and agrees that the Grantee's rights hereunder, including the right to be issued shares of Stock upon the vesting of the Restricted Stock Units (or any portion thereof), are subject to the Grantee's promptly paying, or in respect of any later requirement of withholding being liable promptly to pay at such time as such withholdings are due, to the Company in cash (or by such other means as may be acceptable to the Administrator in its discretion) all taxes r...equired to be withheld, if any. any (the "Tax Withholding Obligation"). No shares of Stock will be required to be transferred pursuant to the vesting of the Restricted Stock Units (or any portion thereof) unless and until the Grantee or the person then holding the Award has remitted to the Company an amount in cash sufficient to satisfy any federal, state, or local withholding tax requirements with respect to tax withholdings then due and has committed (and by accepting the this Award the Grantee shall be deemed to have committed) to pay in cash all tax withholdings required at any later time in respect of the transfer of such shares, or has made other arrangements satisfactory to the Administrator Company with respect to such taxes. The Grantee also authorizes the Company and its subsidiaries to withhold such amounts amount from any amounts otherwise owed to the Grantee, but nothing in this sentence shall be construed as relieving the Grantee of any liability for satisfying his or her obligations under the preceding provisions of this Section. -4- (b) The Grantee expressly acknowledges that the Grantee's acceptance of this Agreement constitutes the Grantee's instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee's behalf a whole number of shares from those shares of Stock issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the applicable Tax Withholding Obligation, and to transfer the proceeds from the sale of such Stock from the Grantee's securities account established with the brokerage service provider for the settlement of the Grantee's vested Restricted Stock Units to any account held in the name of the Company. Such shares will be sold on the date of vesting or as soon thereafter as practicable. Grantee will be responsible for all brokers' fees and other costs of sale, which fees and costs may be deducted from the proceeds of the foregoing sale of Stock, and Grantee agrees to indemnify and hold the Company and any brokerage firm selling such Stock harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed Grantee's Tax Withholding Obligation, such excess cash will be deposited into the securities account established with the brokerage service provider for the settlement of Grantee's vested Restricted Stock Units. Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy Grantee's Tax Withholding Obligation. Accordingly, Grantee agrees to pay to the Company as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of shares described above. Unless otherwise authorized by the Administrator in its sole discretion, the sale of Stock will be the primary method used by the Company to satisfy the applicable Tax Withholding Obligation. (c) The Grantee expressly acknowledges that because the this Award consists of an unfunded and unsecured promise by the Company to deliver Stock in the future, subject to the terms hereof, it is not possible to make a so-called "83(b) election" with respect to the Award. View More
Found in Ultragenyx Pharmaceutical Inc. contract
Certain Tax Matters. (a) The Grantee expressly acknowledges and agrees that the Grantee's rights hereunder, including the right to be issued shares of Stock Shares upon the vesting of the Restricted Stock Units (or any portion thereof), vesting, are subject to the Grantee's Grantee promptly paying, or in respect of any later requirement of withholding being liable promptly to pay at such time as such withholdings are due, paying to the Company in cash (or by such other means as may be acceptable to the Administrator... in its discretion) all taxes required to be withheld, if any. withheld. No shares of Stock Shares will be required to be transferred pursuant to the vesting of the Restricted Stock Units (or any portion thereof) [INSERT TYPE OF UNITS] unless and until the Grantee or the person then holding the Award has remitted to the Company an amount in cash sufficient to satisfy any federal, state, state or local requirements with respect to withholding tax withholdings then due and has committed (and by accepting the Award the Grantee shall be deemed to have committed) to pay in cash all tax withholdings required at any later time in respect of the transfer of such shares, requirements, or has made other arrangements satisfactory to the Administrator with respect to such taxes. The Grantee also authorizes the Company and its subsidiaries Affiliates to withhold such amounts from any amounts otherwise owed to the Grantee, but nothing in this sentence shall be construed as relieving the Grantee of any liability for satisfying his or her obligations under the preceding provisions of this Section. -4- The Company shall have no liability or obligation relating to the foregoing. (b) The Grantee expressly acknowledges that because the this Award consists of an unfunded and unsecured promise by the Company to deliver Stock Shares in the future, subject to the terms hereof, it is not possible to make a so-called "83(b) election" with respect to the Award. (c) The Award is intended to be exempt from the requirements of Section 409A and the Plan and this Agreement shall be administered and interpreted in a manner consistent with this intent. Notwithstanding the foregoing, in no event shall the Company or any of its Affiliates be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Grantee on account of non-compliance with Section 409A. View More
Found in Planet Fitness, Inc. contract
View Variations (17)
Certain Tax Matters. (a) Tax Advice. The Company has made no warranties or representations to the Grantee with respect to the tax consequences of the Stock Option or any Shares issued thereunder and the Grantee is in no manner relying on the Company or its representatives for an assessment of such tax consequences. (b) Tax Withholding. The Grantee expressly acknowledges that the exercise of the Stock Option, or any portion thereof, will give rise to taxable income subject to withholding. The Grantee expressly acknow...ledges and agrees that the Grantee's rights hereunder, including the right to be issued any Shares upon the exercise of the Stock Option, are subject to the Grantee promptly remitting to the Company in cash or by check (or by such other means as may be acceptable to the Administrator) an amount sufficient to satisfy all taxes required to be withheld in connection with the Stock Option. The Grantee authorizes the Company and its affiliates to withhold any amounts due in respect of any required tax withholdings or payments from any amounts otherwise owed to the Grantee, but nothing in this sentence may be construed as relieving the Grantee of any liability for satisfying the Grantee's obligation under the preceding provisions of this Section 11(b). View More
Found in MiNK Therapeutics, Inc. contract
Certain Tax Matters. (a) Tax Advice. The Company has made no warranties or representations to the Grantee with respect to the tax consequences of the Stock Option or any Shares issued thereunder granted under this Agreement and the Grantee is in no manner relying on the Company or its representatives for an assessment of such tax consequences. -6- (b) Tax Withholding. The Grantee expressly acknowledges that the exercise award or vesting of the Stock Option, Shares, and the payment of any dividends or any portion the...reof, will distributions with respect to the Shares, may give rise to taxable income subject to withholding. The Grantee expressly acknowledges and agrees that the Grantee's rights hereunder, including the right to be issued any Shares upon the exercise of the Stock Option, hereunder are subject to the Grantee promptly remitting to the Company in cash or by check (or by such other means as may be acceptable to the Administrator) an amount sufficient to satisfy all taxes required to be withheld in connection with the Stock Option. Shares. The Grantee authorizes the Company and its affiliates to withhold any amounts due in respect of any required tax withholdings or payments from any amounts otherwise owed to the Grantee, but nothing in this sentence may be construed as relieving the Grantee of any liability for satisfying the Grantee's obligation under the preceding provisions of this Section 11(b). 12(b). (c) 83(b) Election. The Grantee has been advised to confer promptly with a professional tax advisor to consider whether the Grantee should make a so-called "83(b) election" with respect to the Shares. Any such election, to be effective, must be made in accordance with applicable regulations and within 30 days following the date of "transfer" of the shares (as determined under Section 83 of the Code). The Company has made no recommendation to the Grantee with respect to the advisability of making such an election. If the Grantee makes an 83(b) election, such election must be filed by the Grantee with the appropriate Internal Revenue Service office not later than 30 days after the Date of Grant and the Grantee will provide a copy of such election to the Company promptly thereafter. View More
Found in MiNK Therapeutics, Inc. contract
View Variations (2)
Certain Tax Matters. The undersigned expressly acknowledges the vesting or settlement of the PSUs acquired hereunder (including, without limitation, any dividend equivalents) may give rise to "wages" subject to withholding. The undersigned expressly acknowledges and agrees that the rights hereunder are subject to the undersigned promptly paying to the Company in cash (or by such other means as may be acceptable to the Compensation Committee in its discretion, including by the delivery of previously acquired Shares o...r by the withholding of Shares from the settlement of any PSU hereunder) all taxes required to be withheld in connection with the settlement of the Award. View More
Found in Hercules Capital, Inc. contract
Certain Tax Matters. The undersigned Participant expressly acknowledges the vesting or settlement of the PSUs RSUs acquired hereunder (including, without limitation, any dividend equivalents) Dividend Shares) may give rise to "wages" subject to withholding. The undersigned Participant expressly acknowledges and agrees that the rights hereunder are subject to the undersigned Participant promptly paying to the Company in cash (or by such other means as may be acceptable to the Compensation Committee in its discretion,... including by the delivery of previously acquired Shares or by the withholding of Shares from the settlement of any PSU RSU hereunder) all taxes required to be withheld in connection with the settlement of the Award. View More
Found in Hercules Capital, Inc. contract
View Variations (2)
Certain Tax Matters. The Optionee expressly acknowledges and agrees that the Optionee's rights hereunder, including the right to be issued the Shares (or any portion thereof) upon exercise of the Stock Option, are subject to the Optionee's promptly paying, or in respect of any later requirement of withholding being liable promptly to pay at such time as such withholdings are due, to the Company in cash (or by such other means as may be acceptable to the Administrator in its discretion, including by withholding share...s of Stock from any payment hereunder in accordance with the procedures approved by the Board or the Compensation Committee) all taxes required to be withheld, if any. No Shares will be transferred pursuant to the exercise of the Stock Option unless and until the person exercising the Stock Option has remitted to the Company an amount in cash sufficient to satisfy any federal, state, or local requirements with respect to tax withholdings then due and has committed (and by exercising the Stock Option such person shall be deemed to have committed) to pay in cash all tax withholdings required at any later time in respect of the transfer of such Shares, or has made other arrangements satisfactory to the Administrator with respect to such taxes. The Optionee also authorizes the Company and its subsidiaries to withhold such amounts from any amounts otherwise owed to the Optionee, but nothing in this sentence shall be construed as relieving the Optionee (or any permitted transferee) of any liability for satisfying his or her obligations under the preceding provisions of this Section. View More
Found in BRIGHT HORIZONS FAMILY SOLUTIONS INC. contract
Certain Tax Matters. The (a) If at the time the Stock Option is exercised the Company determines that under applicable law it could be liable for the withholding of any federal, state, or local tax upon such exercise or with respect to the disposition of any Shares acquired upon such exercise, the Optionee expressly acknowledges and agrees that the Optionee's rights hereunder, including the right to be issued the Shares (or any portion thereof) upon exercise of the Stock Option, exercise, are subject to the Optionee...'s promptly paying, or in respect of any later requirement of withholding being liable promptly to pay at such time as such withholdings are due, to the Company in cash (or by such other means as may be acceptable to the Administrator in its discretion, including by withholding shares of Stock from any payment hereunder in accordance with the procedures approved by the Board or the Compensation Committee) discretion) all taxes required to be withheld, if any. No Shares will be transferred pursuant to the exercise of the Stock Option unless and until the person exercising the Stock Option has remitted to the Company an amount in cash sufficient to satisfy any federal, state, or local requirements with respect to tax withholdings then due and has committed (and by exercising the Stock -2- Option such person the Optionee shall be deemed to have committed) to pay in cash all tax withholdings required at any later time in respect of the transfer of such Shares, or has made other arrangements satisfactory to the Administrator with respect to such taxes. The Optionee also authorizes the Company and its subsidiaries to withhold such amounts from any amounts otherwise owed to the Optionee, but nothing in this sentence shall be construed as relieving the Optionee (or any permitted transferee) of any liability for satisfying his or her obligations under the preceding provisions of this Section. (b) If the Optionee disposes of the Shares acquired upon exercise of the Stock Option within two years from the Date of Grant or one year after such Shares were acquired pursuant to the exercise of the Stock Option, within fifteen (15) days of such disposition, the Optionee shall notify the Company in writing of such disposition. (c) To the extent that the aggregate fair market value (determined at the time of grant) of the Shares subject to the Stock Option and all other ISOs the Optionee holds that are exercisable for the first time during any calendar year (under all plans of the Company and its related corporations) exceeds $100,000, the options held by the Optionee or portions thereof that exceed such limit (according to the order in which they were granted in accordance with the regulations under Section 422 of the Code) shall be treated as a non-statutory stock option. (d) The Optionee acknowledges and agrees that the Company or the Administrator may take any action permitted under the Plan without regard to the effect such action may have on the status of the Stock Option as an incentive stock option under Section 422 of the Code and that such actions may cause the Stock Option to fail to be treated as an ISO under Section 422 of the Code. The Optionee further acknowledges and agrees that neither the Company, nor any of its Affiliates, nor the Administrator, nor any person acting on behalf of the Company, any of its Affiliates, or the Administrator, will be liable to the Optionee or to the estate or beneficiary of the Optionee or to any other person by reason of the failure the Stock Option to satisfy the requirements of Section 422 of the Code. View More
Found in KalVista Pharmaceuticals, Inc. contract
View Variation
Certain Tax Matters. (a) The Grantee expressly acknowledges and agrees that he or she shall be responsible for satisfying and paying all taxes arising from or due in connection with the grant or vesting of the Restricted Stock Units and/or the delivery of any Stock hereunder. The Company shall have no liability or obligation relating to the foregoing. (b) The Grantee expressly acknowledges that because the Award consists of an unfunded and unsecured promise by the Company to deliver Stock in the future, subject to t...he terms hereof, it is not possible to make a so-called "83(b) election" with respect to the Award. View More
Found in BRIGHT HORIZONS FAMILY SOLUTIONS INC. contract
Certain Tax Matters. (a) The Grantee expressly acknowledges and agrees that he or she shall be responsible for satisfying and paying all taxes arising from or due in connection with the grant or vesting of the Restricted Stock Units and/or the delivery of any Stock hereunder. The Company shall have no liability or obligation relating to the foregoing. (b) The Grantee expressly acknowledges that because the Award consists of an unfunded and unsecured promise by the Company to deliver Stock in the future, subject to t...he terms hereof, it is not possible to make a so-called "83(b) election" with respect to the Award. View More
Found in PERFORMANCE HEALTH HOLDINGS CORP. contract
View Variation
Certain Tax Matters. The Participant expressly acknowledges and agrees that he or she shall be responsible for satisfying and paying all taxes arising from or due in connection with the grant, vesting, settlement and holding of the RSUs. The Company and its Subsidiaries shall have no liability or obligation relating to the foregoing.
Found in Party City Holdco Inc. contract
Certain Tax Matters. The Participant expressly acknowledges and agrees that he or she shall be responsible for satisfying and paying all taxes arising from or due in connection with the grant, vesting, settlement grant and holding of the RSUs. Unrestricted Shares. The Company and its Subsidiaries shall have no liability or obligation relating to the foregoing.
Found in Party City Holdco Inc. contract
View Variation
Certain Tax Matters. The Grantee expressly acknowledges the following: A. The Grantee understands that the Grantee is solely responsible for all tax consequences to the Grantee in connection with this Award. The Grantee represents that the Grantee has consulted with any tax consultants the Grantee deems advisable in connection with the Award and that the Grantee is not relying on the Company for any tax advice. By accepting this Agreement, the Grantee acknowledges his or her understanding that the Grantee may file w...ith the Internal Revenue Service an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the "Code") (a "Section 83(b) Election"), not later than 30 days after the Grant Date, to include in the Grantee's gross income the Fair Market Value of the unvested Shares subject to the Award as of such date. Before filing a Section 83(b) Election with the Internal Revenue Service, the Grantee shall (i) notify the Company of such election by delivering to the Company a copy of the fully-executed Section 83(b) Election Form attached hereto as Exhibit B, and (ii) pay to the Company an amount sufficient to satisfy any taxes or other amounts required by any governmental authority to be withheld or paid over to such authority with respect to such unvested Shares, or otherwise make arrangements satisfactory to the Company for the payment of such amounts through withholding or otherwise. 4 B. The award or vesting of the Shares acquired hereunder, and the payment of dividends with respect to such Shares, may give rise to "wages" subject to withholding. C. As a condition precedent to the delivery of the Stock upon the vesting of the Award or at such other time as may be required pursuant to this Section 11, the Grantee shall, upon request by the Company, pay to the Company such amount as the Company may be required, under all applicable federal, state, local or other laws or regulations, to withhold and pay over as income or other withholding taxes (the "Required Tax Payments") with respect to the Award. If the Grantee shall fail to advance the Required Tax Payments after request by the Company, (i) the Company may, in its discretion, deduct any Required Tax Payments from any amount then or thereafter payable by the Company to the Grantee and/or (ii) the Committee may authorize the withholding of whole vested Shares which would otherwise be delivered to the Grantee having an aggregate Fair Market Value, determined as of the Tax Date (as defined below), equal to the Required Tax Payments. D. The Grantee may elect to satisfy the obligation to advance the Required Tax Payments by any of the following means: (1) a cash payment to the Company, (2) delivery to the Company (either actual delivery or by attestation procedures established by the Company) of previously owned whole shares of Stock having an aggregate Fair Market Value, determined as of the date on which such withholding obligation arises (the "Tax Date"), equal to the Required Tax Payments, (3) authorizing the Company to withhold whole shares of vested Stock which would otherwise be delivered to the Grantee having an aggregate Fair Market Value, determined as of the Tax Date, equal to the Required Tax Payments, (4) any combination of (1), (2) and (3), or (5) any other method authorized by the Committee in its sole discretion and permitted by the Plan and applicable law. Shares of Stock to be delivered or withheld may not have a Fair Market Value in excess of the minimum amount of the Required Tax Payments. Any fraction of a Share which would be required to satisfy any such obligation shall be disregarded and the remaining amount due shall be paid in cash by the Grantee. No certificate representing a Share shall be delivered until the Required Tax Payments have been satisfied in full. View More
Found in WEST CORP contract
Certain Tax Matters. The Grantee expressly acknowledges the following: A. The Grantee understands that the Grantee is solely responsible for all tax consequences to the Grantee Taxation in connection with this Award. The Grantee represents that the Grantee has consulted with any tax consultants the Grantee deems advisable in connection with the Award and that the Grantee is not relying on the Company for any tax advice. By accepting this Agreement, the Grantee acknowledges his or her understanding that the Grantee m...ay file with the Internal Revenue Service an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the "Code") (a "Section 83(b) Election"), not later than 30 days after the Grant Date, to include in the Grantee's gross income the Fair Market Value of the unvested Shares subject to the Award as of such date. Before filing a Section 83(b) Election with the Internal Revenue Service, the Grantee shall (i) notify the Company of such election by delivering to the Company a copy of the fully-executed Section 83(b) Election Form attached hereto as Exhibit B, and (ii) pay to the Company an amount sufficient to satisfy any taxes or other amounts required by any governmental authority to be withheld or paid over to such authority with respect to such unvested Shares, or otherwise make arrangements satisfactory to the Company for the payment of such amounts through withholding or otherwise. 4 B. The award or vesting of the Shares RSUs acquired hereunder, and the payment of dividends with respect to such Shares, RSUs, may give rise to "wages" employment income subject to withholding. Taxation. C. As a condition precedent to the delivery of the Stock upon the vesting Shares issued in payout of the Award a vested RSU or at such other time as may be required pursuant to this Section 11, 13, if and to the extent that on the vesting of the Award (whether wholly or partially) or the issuance of Shares in respect thereof, the Company or any Affiliate or any other person (the "Accountable Person") is or will be required by law to pay or account for any Taxation in relation to the Award, the Grantee shall, upon request by the Company, pay to the Company such or relevant Accountable Person an amount as notified to the Grantee by the Company may be required, under all applicable federal, state, local or his employer sufficient, in the opinion of the Company or other laws or regulations, relevant Accountable Person, to withhold and pay over as income indemnify the Company or other withholding taxes relevant Accountable Person in full against the amount of Taxation (including for the avoidance of doubt employer's secondary Class 1 National Insurance contributions) to be so paid or accounted for (the "Required Tax Payments") with respect to the Award. If the Grantee shall fail to advance the Required Tax Payments after request by the Company, (i) the Company may, in its discretion, deduct any Required Tax Payments from any amount then or thereafter payable by the Company to the Grantee and/or (ii) the Committee may authorize the withholding of whole vested Shares which would otherwise be delivered to the Grantee having an aggregate Fair Market Value, determined as of the Tax Date (as defined below), equal to the Required Tax Payments. D. The Grantee may elect to satisfy the his or her obligation to advance the Required Tax Payments by any of the following means: (1) a cash payment to the Company, Company or other relevant Accountable Person, (2) delivery to the Company (either actual delivery or by attestation procedures established by the Company) of previously owned whole shares of Stock having an aggregate Fair Market Value, determined as of the date on which such withholding obligation arises (the "Tax Date"), equal to the Required Tax Payments, (3) authorizing the Company to withhold from issuance in payout of a vested RSU whole shares of vested Stock Shares which would otherwise be delivered to the Grantee having an aggregate Fair Market Value, determined as of the Tax Date, equal to the Required Tax Payments, (4) (3) any combination of (1), (2) (1) and (3), (2), or (5) (4) any other method authorized by the Committee in its sole discretion and permitted by the Plan and applicable law. Shares of Stock to be delivered or withheld may not have a Fair Market Value in excess of the minimum amount of the Required Tax Payments. Any fraction of a Share which would be required to satisfy any such obligation shall be disregarded and the remaining amount due shall be paid in cash by the Grantee. No certificate representing a Share shall be delivered until the Required Tax Payments have been satisfied in full. View More
Found in WEST CORP contract
View Variation
Certain Tax Matters. The Participant expressly acknowledges that the settlement of the RSUs acquired hereunder, and the payment of dividend equivalents with respect to the RSUs, may give rise to "wages" subject to withholding and agrees that the minimum withholding required by law shall be satisfied by the Participant surrendering to the Company a portion of the Shares that are issued or transferred to the Participant upon the settlement of the RSUs or cash in respect of dividend equivalents that is paid upon settle...ment of the RSUs (and, at the Company's election, the Company may withhold and remit to the tax authorities additional Shares or cash, as applicable, so long as the aggregate withholdings do not exceed the amount of tax that would be due based upon the highest statutory tax rate in the applicable jurisdiction). Any Shares so surrendered by the Participant shall be credited against any such withholding obligation at the Fair Market Value of such Shares on the date of such surrender (and the amount equal to the Fair Market Value of such Shares shall be remitted to the appropriate tax authorities). View More
Found in Bankrate, Inc. contract
Certain Tax Matters. The Participant expressly acknowledges that the settlement of the RSUs Performance Units acquired hereunder, and the payment of dividend equivalents with respect to the RSUs, hereunder may give rise to "wages" subject to withholding and agrees that the minimum withholding required by law shall be satisfied by the Participant surrendering to the Company a portion of the Shares that are issued or transferred to the Participant upon the settlement of the RSUs or cash in respect of dividend equivale...nts that is paid upon settlement of the RSUs Performance Units (and, at the 4 Company's election, the Company may withhold and remit to the tax authorities additional Shares or cash, as applicable, so long as the aggregate withholdings do not exceed the amount of tax that would be due based upon the highest statutory tax rate in the applicable jurisdiction). Any Shares so surrendered by the Participant shall be credited against any such withholding obligation at the Fair Market Value of such Shares on the date of such surrender (and the amount equal to the Fair Market Value of such Shares shall be remitted to the appropriate tax authorities). View More
Found in Bankrate, Inc. contract
View Variation