Tax Consequences Clause Example with 96 Variations from Business Contracts
This page contains Tax Consequences 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.
Tax Consequences. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You shall not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from your option or your other compensation. In particular, you acknowledge that this option is exempt from Section 409A of the Code only if the exercise price per share specified in t...he Grant Notice is at least equal to the "fair market value" per share of the Common Stock on the Date of Grant and there is no other impermissible deferral of compensation associated with the option. Because the Common Stock is not traded on an established securities market, the Fair Market Value is determined by the Board, perhaps in consultation with an independent valuation firm retained by the Company.View More
Variations of a "Tax Consequences" Clause from Business Contracts
Tax Consequences. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You shall will not make any claim against the Company, or any of its Officers, Directors, Employees officers, directors, employees or Affiliates Affiliates, related to tax liabilities arising from your option Award or your other compensation. In particular, you acknowledge that this option is exempt from Section 409A of 3 12. ...Notices. Any notices provided for in your Award or the Code only if the exercise price per share specified Plan will be given in writing (including electronically) and will be deemed effectively given upon receipt or, in the Grant Notice is case of notices delivered by mail by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at least equal the last address you provided to the "fair market value" per share of Company. The Company may, in its sole discretion, decide to deliver any documents related to participation in the Common Stock on Plan and this Award by electronic means or to request your consent to participate in the Date of Grant Plan by electronic means. By accepting this Award, you consent to receive such documents by electronic delivery and there is no other impermissible deferral of compensation associated with to participate in the option. Because the Common Stock is not traded on Plan through an on-line or electronic system established securities market, the Fair Market Value is determined and maintained by the Board, perhaps in consultation with an independent valuation firm retained Company or another third party designated by the Company. View More
Tax Consequences. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You shall will not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from your option Award or your other compensation. In particular, compensation.12. NOTICES. Any notices provided for in your Award or the Plan will be given in writing (including ...electronically) and will be deemed effectively given upon receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you acknowledge that at the last address you provided to the Company. The Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan and this option Award by electronic means or to request your consent to participate in the Plan by electronic means. By accepting this Award, you consent to receive such documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company.13. UNSECURED OBLIGATION. Your Award is exempt from Section 409A unfunded, and as a holder of a vested Award, you shall be considered a general, unsecured creditor of the Code only if the exercise price per share specified in the Grant Notice is at least equal Company with respect to the "fair market value" per share Company's obligation, if any, to issue shares or other property pursuant to this Agreement.14. GOVERNING PLAN DOCUMENT. Your Award is subject to all the provisions of the Common Stock on Plan, the Date provisions of Grant which are hereby made a part of your Award, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan. If there is no other impermissible deferral any conflict between the provisions of your Award and those of the Plan, the provisions of the Plan will control. In addition, your Award (and any compensation associated paid or shares issued under your Award) is subject to recoupment in accordance with the option. Because the Common Stock is not traded on an established securities market, the Fair Market Value is determined The Dodd–Frank Wall Street Reform and Consumer Protection Act and any implementing regulations thereunder, any clawback policy adopted by the Board, perhaps in consultation with an independent valuation firm retained Company and any compensation recovery policy otherwise required by the Company. applicable law. View More
Tax Consequences. The Company has no duty or obligation to minimize the tax consequences to you of this Option and will not be liable to you for any adverse tax consequences to you arising in connection with this Option. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You shall not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates related to tax l...iabilities arising from your option or your other compensation. In particular, you acknowledge that this option Option is exempt from Section 409A of the Code only if the exercise price per share specified set forth in the Grant Notice is at least equal to the "fair market value" per share of the Common Stock on the Date of Grant and there is no other impermissible deferral of compensation associated with the option. Because Option. You are hereby advised to consult with your own personal tax, financial and/or legal advisors regarding the Common Stock is not traded on an established securities market, tax consequences of this Option and by accepting this Option, you have agreed that you have done so or knowingly and voluntarily declined to do so. -34- 14. Notices. Any notices provided for in this Agreement or the Fair Market Value is determined Plan will be given in writing (including electronically) and will be deemed effectively given upon receipt or, in the case of notices delivered by mail by the Board, perhaps Company to you, five days after deposit in consultation with the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. The Company may, in its sole discretion, decide to deliver any documents related to this Option or participation in the Plan by electronic means or to request your consent to participate in the Plan by electronic means. By accepting this Option, you consent to receive such documents by electronic delivery and to participate in the Plan through an independent valuation firm retained on-line or electronic system established and maintained by the Company or another third party designated by the Company. View More
Tax Consequences. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax and/or social security liabilities. You shall will not make any claim against the Company, or any of its Officers, Directors, 5 253180087 v1 Employees or Affiliates related to tax or social security liabilities arising from your option or your other compensation. In particular, you acknowledge that this option is exempt from Section 409A o...f the Code only if the exercise price per share specified in the Grant Notice is at least equal to the "fair market value" per share of the Common Stock on the Date of Grant and there is no other impermissible deferral of compensation associated with the option. Because the Common Stock is not traded on an established securities market, the Fair Market Value is determined by the Board, perhaps in consultation with an independent valuation firm retained by the Company.View More
Tax Consequences. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax or social security liabilities. You shall will not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates related to tax or social security liabilities arising from your option or your other compensation. In particular, you acknowledge that this option is exempt from Section 409A of the Code only if ...the exercise price per share specified in the Grant Notice is at least equal to the "fair market value" per share of the Common Stock on the Date of Grant and there is no other impermissible deferral of compensation associated with the option. Because the Common Stock is not traded on an established securities market, the Fair Market Value is determined by the Board, perhaps in consultation with an independent valuation firm retained by the Company.View More
Tax Consequences. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You shall will not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from your option or your other compensation. In particular, you acknowledge that this option is exempt from Section 409A of the Code only if the exercise price per share Ordinary ...Share specified in the Grant Notice is at least equal to the "fair market value" per share of the Common Stock Ordinary Share on the Date of Grant and there is no other impermissible deferral of compensation associated with the option. Because option.16. NOTICES. Any notices provided for in your option or the Common Stock is not traded on an established securities market, Plan will be given in writing (including electronically) and will be deemed effectively given upon receipt or, in the Fair Market Value is determined case of notices delivered by mail by the Board, perhaps Company to you, five (5) days after deposit in consultation with the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. The Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan and this option by electronic means or to request your consent to participate in the Plan by electronic means. By accepting this option, you consent to receive such documents by electronic delivery and to participate in the Plan through an independent valuation firm retained on-line or electronic system established and maintained by the Company or another third party designated by the Company. View More
Tax Consequences. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You shall will not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from your option or your other compensation. In particular, you acknowledge that this option is exempt from Section 409A of the Code only if the exercise price per share Share spe...cified in the Grant Notice is at least equal to the "fair market value" per share of the Common Stock Share on the Date of Grant and there is no other impermissible deferral of compensation associated with the option. Because The Options are intended to be taxed in accordance with Section 102(b)(3) of the Common Stock is Ordinance, subject to full and complete compliance with the terms of Section 102. If you have dual residency for tax purposes you may be subject to taxation in several jurisdictions. Despite the aforementioned, the Company does not traded on an established securities market, undertake to maintain the Fair Market Value is determined qualified status of the Options and you acknowledge that you will not be entitled to damages of any kind if the Option becomes disqualified and no longer qualifies under the 102 Capital Gains Route. 5 33. Notices. Any notices provided for in your option or the Plan will be given in writing (including electronically) and will be deemed effectively given upon receipt or, in the case of notices delivered by mail by the Board, perhaps Company to you, five (5) days after deposit in consultation with the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. The Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan and this option by electronic means or to request your consent to participate in the Plan by electronic means. By accepting this option, you consent to receive such documents by electronic delivery and to participate in the Plan through an independent valuation firm retained on-line or electronic system established and maintained by the Company or another third party designated by the Company. View More
Tax Consequences. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You shall will not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from your option or your other compensation. In particular, you acknowledge that this option is exempt from Section 409A of the Code only if the exercise price per share Share spe...cified in the Grant Notice is at least equal to the "fair market value" per share of the Common Stock Share on the Date of Grant and there is no other impermissible deferral of compensation associated with the option. Because The Options are intended to be taxed in accordance with Section 102(b)(3) of the Common Stock is Ordinance, subject to full and complete compliance with the terms of Section 102. If you have dual residency for tax purposes you may be subject to taxation in several jurisdictions. Despite the aforementioned, the Company does not traded on an established securities market, undertake to maintain the Fair Market Value is determined qualified status of the Options and you acknowledge that you will not be entitled to damages of any kind if the Option becomes disqualified and no longer qualifies under the 102 Capital Gains Route. 7 14. Notices. Any notices provided for in your option or the Plan will be given in writing (including electronically) and will be deemed effectively given upon receipt or, in the case of notices delivered by mail by the Board, perhaps Company to you, five (5) days after deposit in consultation with the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. The Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan and this option by electronic means or to request your consent to participate in the Plan by electronic means. By accepting this option, you consent to receive such documents by electronic delivery and to participate in the Plan through an independent valuation firm retained on-line or electronic system established and maintained by the Company or another third party designated by the Company. View More
Tax Consequences. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You shall will not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from your option or your other compensation. In particular, you acknowledge that this option is exempt from Section 409A of the Code only if the exercise price per share Share spe...cified in the Grant Notice is at least equal to the "fair market value" per share of the Common Stock Share on the Date of Grant and there is no other impermissible deferral of compensation associated with the option. Because 4 13. Notices. Any notices provided for in your option or the Common Stock is not traded on an established securities market, Plan will be given in writing (including electronically) and will be deemed effectively given upon receipt or, in the Fair Market Value is determined case of notices delivered by mail by the Board, perhaps Company to you, five (5) days after deposit in consultation with the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. The Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan and this option by electronic means or to request your consent to participate in the Plan by electronic means. By accepting this option, you consent to receive such documents by electronic delivery and to participate in the Plan through an independent valuation firm retained on-line or electronic system established and maintained by the Company or another third party designated by the Company. View More
Tax Consequences. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You shall will not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from your option or your other compensation. In particular, you acknowledge that that, to the extent applicable, this option is exempt from Section 409A of the Code only if the ex...ercise price per share specified in the Grant Notice is at least equal to the "fair market value" per share of the Common Stock Share on the Date of Grant and there is no other impermissible deferral of compensation associated with the option. Because 4 12. NOTICES. Any notices provided for in your option or the Common Stock is not traded on an established securities market, Plan will be given in writing (including electronically) and will be deemed effectively given upon receipt or, in the Fair Market Value is determined case of notices delivered by mail by the Board, perhaps Company to you, five (5) days after deposit in consultation with the mail, postage prepaid, addressed to you at the last address you provided to the Company. The Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan and this option by electronic means or to request your consent to participate in the Plan by electronic means. By accepting this option, you consent to receive such documents by electronic delivery and to participate in the Plan through an independent valuation firm retained on-line or electronic system established and maintained by the Company or another third party designated by the Company. View More
