Taxes and Withholdings Clause Example with 9 Variations from Business Contracts
This page contains Taxes and Withholdings 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.
Taxes and Withholdings. If the Company shall be required to withhold any federal, state, local or foreign tax in connection with the issuance or Vesting of, or other event triggering a tax obligation with respect to, any Performance Units or the issuance of any unrestricted shares of Common Stock or other securities following Vesting pursuant to these Terms and Conditions, it shall be a condition to such Vesting, issuance or event that the Grantee pay the tax or make provisions that are satisfactory to the Company for ...the payment thereof. Unless the Grantee makes alternative arrangements satisfactory to the Company prior to the Vesting of the Performance Units or the issuance of shares of unrestricted Common Stock or other event triggering a tax obligation, as the case may be, the Grantee will satisfy the minimum statutory tax withholding obligations by providing for the sale of enough of the shares to generate proceeds that will satisfy such withholding obligation or surrendering to the Company a portion of the shares of nonforfeitable and unrestricted Common Stock that are issued or transferred to the Grantee hereunder following the Vesting Date, and the shares of Common Stock so surrendered by the Grantee shall be credited against any such withholding obligation at the Market Value per Share of such shares of Common Stock on the Vesting Date.View More
Variations of a "Taxes and Withholdings" Clause from Business Contracts
Taxes and Withholdings. If the Company shall be required to withhold any federal, state, local or foreign tax in connection with the issuance or Vesting of, or other event triggering a tax obligation with respect to, any Performance Units or the issuance vesting of any unrestricted shares of Common Restricted Stock or other securities following Vesting amounts pursuant to these Terms and Conditions, it shall be a condition to such Vesting, issuance or event that this Agreement, the Grantee shall pay the tax or make pro...visions that are satisfactory to the Company for the payment thereof. Unless the The Grantee makes alternative arrangements satisfactory may elect to the Company prior to the Vesting satisfy all or any part of the Performance Units or the issuance of shares of unrestricted Common Stock or other event triggering a tax obligation, as the case may be, the Grantee will satisfy the minimum statutory tax withholding obligations by providing for the sale of enough of the shares to generate proceeds that will satisfy any such withholding obligation or by surrendering to the Company a portion of the nonforfeitable shares of nonforfeitable and unrestricted Common Stock that are issued or transferred to the Grantee hereunder following the Vesting Date, hereunder, and the shares of Common Stock so surrendered by the Grantee shall be credited against any such withholding obligation at the Market Value per Share of such shares of Common Stock on the Vesting Date. date of such surrender. View More
Taxes and Withholdings. If the Company shall be is required to withhold any federal, state, local or foreign tax in connection with the issuance or Vesting vesting of, or other event triggering a tax obligation with respect to, any Performance Units or the issuance of any unrestricted shares of Common Stock or other securities following Vesting vesting pursuant to the Award Letter or these Terms and Conditions, it shall be a condition to such Vesting, vesting, issuance or event that the Grantee pay the tax or make prov...isions that are satisfactory to the Company for payment of the payment thereof. tax. Unless the Grantee makes alternative arrangements satisfactory to the Company prior to the Vesting vesting of the Performance Units or the issuance of shares of unrestricted Common Stock or other event triggering a tax obligation, as the case may be, the Grantee will satisfy the minimum statutory tax withholding obligations by providing for the sale of enough of the shares to generate proceeds that will satisfy such the withholding obligation or surrendering to the Company a portion of the shares of nonforfeitable and unrestricted Common Stock that are issued or transferred to the Grantee hereunder following the Vesting Date, and Date for credit against the shares of Common Stock so surrendered by the Grantee shall be credited against any such withholding obligation at the Market Value per Share of such shares of Common Stock on the Vesting Date. In accordance with Section 16 of the Plan, in no event will the fair market value of the shares of Common Stock to be withheld or delivered pursuant to this Section 9 to satisfy applicable withholding taxes exceed Grantee's estimated tax obligations based on the maximum statutory tax rates in the applicable taxing jurisdiction. Performance-Based RSU Terms and Conditions SESP CMD Purview, SVP & VP March 2021 7 10. Limitations on Transfer of Performance Units. The Performance Units may not be transferred or assigned by Grantee until they vest other than (i) upon death, by will or the laws of descent and distribution, (ii) pursuant to a qualified domestic relations order or (iii) to a fully revocable trust to which Grantee is treated as the owner for federal income tax purposes. View More
Taxes and Withholdings. If the Company shall be is required to withhold any federal, state, local or foreign tax in connection with the issuance or Vesting vesting of, or other event triggering a tax obligation with respect to, any Performance Restricted Stock Units or the issuance of any unrestricted shares of Common Stock or other securities following Vesting vesting pursuant to the Award Letter or these Terms and or Conditions, it shall be a condition to such Vesting, vesting, issuance or event that the Grantee pay ...the tax or make provisions that are satisfactory to the Time-Based RSU Terms and ConditionsSESP CMD Purview March 2022 3 Company for payment of the payment thereof. tax. Unless the Grantee makes alternative arrangements satisfactory to the Company prior to the Vesting vesting of the Performance Restricted Stock Units or the issuance of shares of unrestricted Common Stock or other event triggering a tax obligation, as the case may be, the Grantee will satisfy the minimum statutory tax withholding obligations by providing for the sale of enough of the shares to generate proceeds that will satisfy such the withholding obligation or surrendering to the Company a portion of the shares of nonforfeitable and unrestricted Common Stock that are issued or transferred to the Grantee hereunder following the Vesting Date, and Date for credit against the shares of Common Stock so surrendered by the Grantee shall be credited against any such withholding obligation at the Market Value per Share of such shares of Common Stock on the Vesting Date. In accordance with Section 16 of the Plan, in no event will the fair market value of the shares of Common Stock to be withheld or delivered pursuant to this Section 8 to satisfy applicable withholding taxes exceed Grantee's estimated tax obligations based on the maximum statutory tax rates in the applicable taxing jurisdiction. View More
Taxes and Withholdings. If the Company shall be is required to withhold any federal, state, local or foreign tax in connection with the issuance or Vesting vesting of, or other event triggering a tax obligation with respect to, any Performance Restricted Stock Units or the issuance of any unrestricted shares of Common Stock or other securities following Vesting vesting pursuant to the Award Letter or these Terms and or Conditions, it shall be a Time-Based RSU Terms and ConditionsCMD Purview March 20193 condition to suc...h Vesting, vesting, issuance or event that the Grantee pay the tax or make provisions that are satisfactory to the Company for payment of the payment thereof. tax. Unless the Grantee makes alternative arrangements satisfactory to the Company prior to the Vesting vesting of the Performance Restricted Stock Units or the issuance of shares of unrestricted Common Stock or other event triggering a tax obligation, as the case may be, the Grantee will satisfy the minimum statutory tax withholding obligations by providing for the sale of enough of the shares to generate proceeds that will satisfy such the withholding obligation or surrendering to the Company a portion of the shares of nonforfeitable and unrestricted Common Stock that are issued or transferred to the Grantee hereunder following the Vesting Date, and Date for credit against the shares of Common Stock so surrendered by the Grantee shall be credited against any such withholding obligation at the Market Value per Share of such shares of Common Stock on the Vesting Date. In accordance with Section 16 of the Plan, in no event will the fair market value of the shares of Common Stock to be withheld or delivered pursuant to this Section 7 to satisfy applicable withholding taxes exceed Grantee's estimated tax obligations based on the maximum statutory tax rates in the applicable taxing jurisdiction. View More
Taxes and Withholdings. If the Company shall be required to withhold any federal, state, local or foreign tax in connection with the issuance or Vesting of, or other event triggering a tax obligation with respect to, any Performance Units or the issuance of any unrestricted shares of Common Stock or other securities following Vesting pursuant to these Terms and Conditions, this Agreement, it shall be a condition to such Vesting, Vesting or issuance or event that the Grantee pay the tax or make provisions that are satis...factory to the Company for the payment thereof. Unless the Grantee makes alternative arrangements satisfactory to the Company prior to the Vesting of the Performance Units or the issuance of shares of unrestricted Common Stock or other event triggering a tax obligation, Stock, as the case may be, the Grantee will satisfy the minimum statutory tax withholding obligations by providing for the sale of enough of the shares to generate proceeds that will satisfy such withholding obligation or surrendering to the Company a portion of the shares of nonforfeitable and unrestricted Common Stock Shares that are issued or transferred to the Grantee hereunder following the Vesting Date, and the shares of Common Stock so surrendered by the Grantee shall be credited against any such withholding obligation at the Market Value per Share of such shares of Common Stock on the Vesting Date. View More
Taxes and Withholdings. If the Company shall be is required to withhold any federal, state, local or foreign tax in connection with the issuance or Vesting vesting of, or other event triggering a tax obligation with respect to, any Performance Units or the issuance of any unrestricted shares of Common Stock or other securities following Vesting vesting pursuant to the Award Letter or these Terms and Conditions, it shall be a condition to such Vesting, vesting, issuance or event that the Grantee pay the tax or make prov...isions that are satisfactory to the Company for payment of the payment thereof. tax. Unless the Grantee makes alternative arrangements satisfactory to the Company prior to the Vesting vesting of the Performance Units or the issuance of shares of unrestricted Common Stock or other event triggering a tax obligation, as the case may be, the Grantee will satisfy the minimum statutory tax withholding obligations by providing for the sale of enough of the shares to generate proceeds that will satisfy such the withholding obligation or surrendering to the Company a portion of the shares of nonforfeitable and unrestricted Common Stock that are issued or transferred to the Grantee hereunder following the Vesting Date, and Date for credit against the shares of Common Stock so surrendered by the Grantee shall be credited against any such withholding obligation at the Market Value per Share of such shares of Common Stock on the Vesting Date. In accordance with Section 16 of the Plan, in no event will the fair market value of the shares of Common Stock to be withheld or delivered pursuant to this Section 9 to satisfy applicable withholding taxes exceed the amount of taxes required to be withheld based on the maximum statutory tax rates in the applicable taxing jurisdiction. View More
Taxes and Withholdings. If the Company shall be is required to withhold any federal, state, local or foreign tax in connection with the issuance or Vesting vesting of, or other event triggering a tax obligation with respect to, any Performance Units or the issuance of any unrestricted shares of Common Stock or other securities following Vesting vesting pursuant to the Award Letter or these Terms and Conditions, it shall be a condition to such Vesting, vesting, issuance or event that the Grantee pay the tax or make prov...isions that are satisfactory to the Company for payment of the payment thereof. tax. Unless the Grantee makes alternative arrangements satisfactory to the Company prior to the Vesting vesting of the Performance Units or the issuance of shares of unrestricted Common Stock or other event triggering a tax obligation, as the case may be, the Grantee will satisfy the minimum statutory tax withholding obligations by providing for the sale of enough of the shares to generate proceeds that will satisfy such the withholding obligation or surrendering to the Company a portion of the shares of nonforfeitable and unrestricted Common Stock that are issued or transferred to the Grantee hereunder following the Vesting Date, and Date for credit against the shares of Common Stock so surrendered by the Grantee shall be credited against any such withholding obligation at the Market Value per Share of such shares of Common Stock on the Vesting Date. In accordance with Section 16 of the Plan, in no event will the fair market value of the shares of Common Stock to be withheld or delivered pursuant to this Section 9 to satisfy applicable withholding taxes exceed Grantee's estimated tax obligations based on the maximum statutory tax rates in the applicable taxing jurisdiction. View More
Taxes and Withholdings. If the Company shall be required to withhold any federal, state, local or foreign tax in connection with the issuance or Vesting vesting of, or other event triggering a tax obligation with respect to, any Performance Restricted Stock Units or the issuance of any unrestricted shares of Common Stock or other securities following Vesting vesting pursuant to these Terms and Conditions, this Agreement, it shall be a condition to such Vesting, vesting, issuance or event that the Grantee pay the tax or... make provisions that are satisfactory to the Company for the payment thereof. Unless the Grantee makes alternative arrangements satisfactory to the Company prior to the Vesting vesting of the Performance Restricted Stock Units or the issuance of shares of unrestricted Common Stock or other event triggering a tax obligation, as the case may be, the Grantee will satisfy the minimum statutory tax withholding obligations at the Company's discretion by one or a combination of the following: (i) the withholding of the amount of such taxes from the Grantee's wages or other cash compensation paid to the Grantee by the Company, (ii) providing for the sale of enough of the shares to generate proceeds that will satisfy such withholding obligation obligation, or (iii) surrendering to the Company a portion of the shares of nonforfeitable and unrestricted Common Stock Shares that are issued or transferred to the Grantee hereunder following the Vesting Date, and the shares of Common Stock so surrendered by the Grantee shall be credited against any such withholding obligation at the Market Value per Share of such shares of Common Stock on the Vesting Date. View More
Taxes and Withholdings. If the Company shall be required to withhold any federal, state, local or foreign tax in connection with the issuance or Vesting vesting of, or other event triggering a tax obligation with respect to, any Performance Restricted Stock Units or the issuance of any unrestricted shares of Common Stock or other securities following Vesting vesting pursuant to the Award Letter or these Terms and Conditions, it shall be a condition to such Vesting, vesting, issuance or event that the Grantee pay the ta...x or make provisions that are satisfactory to the Company for the payment thereof. Unless the Grantee makes alternative arrangements satisfactory to the Company prior to the Vesting vesting of the Performance Restricted Stock Units or the issuance of shares of unrestricted Common Stock or other event triggering a tax obligation, as the case may be, the Grantee will satisfy the minimum statutory tax withholding obligations at the Company's discretion by one or a combination of the following: (i) the withholding of the amount of such taxes from the Grantee's wages or other cash compensation paid to the Grantee by the Company, (ii) providing for the sale of enough of the shares to generate proceeds that will satisfy such withholding obligation obligation, or (iii) surrendering to the Company a portion of the shares of nonforfeitable and unrestricted Common Stock Shares that are issued or transferred to the Grantee hereunder following the Vesting Date, Dates, and the shares of Common Stock so surrendered by the Grantee shall be credited against any such withholding obligation at the Market Value per Share of such shares of Common Stock on the Vesting Date. View More
