Payment of Taxes Clause Example with 21 Variations from Business Contracts

This page contains Payment of Taxes clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Payment of Taxes. The Company or any of its Affiliates employing you has the authority and the right to deduct or withhold, or require you to remit to the employer, an amount sufficient to satisfy federal, state, and local taxes (including your FICA obligation) required by law to be withheld with respect to any taxable event arising as a result of the vesting or payment of this Award. With respect to such withholding, the employer may satisfy the tax withholding requirement by withholding Shares having a Fair Mar...ket Value as of the date that the amount of tax to be withheld is to be determined as nearly equal as possible to the total minimum statutory tax required to be withheld. The obligations of the Company under this Award Agreement will be conditional on such payment or arrangements, and the Company, and, where applicable, its Affiliates will, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to you. View More
Found in Genworth Financial contract

Variations of a "Payment of Taxes" Clause from Business Contracts

Payment of Taxes. The Company or any of its Affiliates Affiliate employing you Grantee has the authority and the right to deduct or withhold, or require you Grantee to remit to the employer, an amount sufficient to satisfy federal, state, and local taxes (including your Grantee's FICA obligation) required by law to be withheld with respect to any taxable event arising as a result of the vesting or payment of this Award. award. With respect to such withholding, withholding required upon any taxable event arising a...s a result of this award, the employer may satisfy the tax withholding requirement required by withholding Shares shares of Common Stock having a Fair Market Value as of the date that the amount of tax to be withheld is to be determined as nearly equal as possible to (but no more than) the total minimum statutory tax required to be withheld. The obligations of the Company under this Award Agreement will be conditional on such payment or arrangements, and the Company, Company and, where applicable, its Affiliates will, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to you. Grantee. View More
Found in 2 Contracts from 2 Companies