Compliance with Law Tax Withholding Contract Clauses (5)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Compliance with Law Tax Withholding clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Compliance with Law Tax Withholding. The Corporation's grant of the RSUs or payment of Shares or cash pursuant to the RSUs is subject to compliance with Applicable Law. As a condition of participating in the Plan, Participant hereby agrees to comply with all such Applicable Law and agrees to furnish to the Corporation all information and undertakings as may be required to permit compliance with such Applicable Law. Without limiting the generality of the foregoing, Participant hereby acknowledges and agrees that any payment or settl...ement to Participant in respect of the RSUs shall be subject to such taxes and other withholdings or deductions as may be required by Applicable Law. The provisions of Section 14.4 (Required Taxes) of the Plan shall apply to the RSUs; provided that, if the Participant is an individual covered under Section 16 of the Exchange Act at the time that a taxable event with respect to RSUs occurs, then the Corporation's withholding obligations, if any, with respect to such taxable event will be satisfied by the Corporation withholding from the Shares deliverable pursuant to the RSUs a number of Shares having a Fair Market Value on the date of withholding equal to the amount required to be withheld for tax purposes (calculated using the minimum statutory withholding rate, except as otherwise approved by the Committee). View More
Found in ENCANA CORP contract
Compliance with Law Tax Withholding. The Corporation's grant of the RSUs Options or payment of Shares or cash pursuant to the RSUs Options is subject to compliance with Applicable Law. As a condition of participating in the Plan, Participant hereby agrees to comply with all such Applicable Law and agrees to furnish to the Corporation all information and undertakings as may be required to permit compliance with such Applicable Law. Without limiting the generality of the foregoing, Participant hereby acknowledges and agrees that any ...payment or settlement to Participant in respect of the RSUs Options shall be subject to such taxes and other withholdings or deductions as may be required by Applicable Law. The provisions of Section 14.4 (Required Taxes) of the Plan shall apply to the RSUs; Options; provided that, if the Participant is an individual covered under Section 16 of the Exchange Act at the time that a taxable event with respect to RSUs Options occurs, then the Corporation's withholding obligations, if any, obligations with respect to such taxable event will be satisfied by the Corporation or its Affiliate withholding from the any Shares deliverable pursuant to in connection with the RSUs exercise of the Options a number of Shares having a Fair Market Value on the date of withholding equal to the amount required to be withheld for tax purposes (calculated using the minimum statutory withholding rate, except as otherwise approved by the Committee). View More
Found in ENCANA CORP contract
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