Taxes and Withholdings Clause Example from Business Contracts

This example Taxes and Withholdings clause appears in 3 contracts from 1 company

Taxes and Withholdings. To the extent the Company or any Subsidiary is required to withhold any federal, state, local or other taxes in connection with the delivery of Shares under this Agreement, then the Company or Subsidiary (as applicable) shall retain a number of Shares otherwise deliverable hereunder with a value equal to the applicable tax withholding (based on the Fair Market Value of the Shares on the date of delivery); provided that in no event shall the value of the Shares retained exceed the amount of taxes... required to be withheld based on the maximum statutory tax rates in the Grantee's applicable taxing jurisdictions. If the Company or any Subsidiary is required to withhold any federal, state, local or other taxes other than upon delivery of the Shares under this Agreement, then the Company or Subsidiary (as applicable) shall have the right in its sole discretion to (a) require the Grantee to pay or provide for payment of the required tax withholding, or (b) deduct the required tax withholding from any dividend equivalent payments and/or from any amount of salary, bonus, incentive compensation or other amounts otherwise payable in cash to the Grantee (other than deferred compensation subject to Section 409A of the Code). View More
Found in 1347 Property Insurance Holdings, Inc. contract
1347 Property Insurance Holdings, Inc. Contracts

Form of Non-Employee Director Restricted Share Unit Agreement under 2021 Equity Incentive Plan (Filed With SEC on March 30, 2022)

Form of Non-Employee Director Restricted Share Unit Agreement Under the 2018 Equity Incentive Plan (last updated August 2018) (Filed With SEC on November 13, 2018)

Form of Executive Restricted Share Unit Agreement for Share-Matching Grants Under the 1347 Property Insurance Holdings, Inc. 2018 Equity Incentive Plan (Filed With SEC on August 28, 2018)