Tax Consequences Clause Example with 18 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. Participant has reviewed with his or her own tax advisors the U.S. federal, state, local and non-U.S. tax consequences of this investment and the transactions contemplated by this Award Agreement. With respect to such matters, Participant relies solely on such advisors and not on any statements or representations of the Company or any of its agents, written or oral. Participant understands that Participant (and not the Company) shall be responsible for Participant's own tax liability that may ar...ise as a result of this investment or the transactions contemplated by this Award Agreement.View More
Variations of a "Tax Consequences" Clause from Business Contracts
Tax Consequences. Participant acknowledges that the Company has not advised Participant regarding Participant's tax liability in connection with the Option. Participant acknowledges that Participant has reviewed with his or her Participant's own tax advisors the U.S. federal, state, local tax treatment of the Option (including the purchase and non-U.S. tax consequences sale of this investment Shares subject hereto) and the transactions contemplated by this Award Agreement. With respect to such matters, Participan...t relies is relying solely on such those advisors and not on any statements or representations of the Company or any of its agents, written or oral. Participant understands in that Participant (and not the Company) shall be responsible for Participant's own tax liability that may arise as a result of this investment or the transactions contemplated by this Award Agreement. regard. View More
Tax Consequences. The Participant acknowledges that the Company has not advised the Participant regarding the Participant's income tax liability in connection with the grant of the Restricted Stock Units and that the Company does not guarantee any particular tax treatment. The Participant acknowledges that the Participant has reviewed with his or her the Participant's own tax advisors the U.S. federal, state, local tax treatment of the Restricted Stock Units and non-U.S. tax consequences of this investment and th...e transactions contemplated by this Award Agreement. With respect to such matters, Participant relies is relying solely on such those advisors and not on any statements or representations of the Company or any of its agents, written or oral. in that regard. The Participant understands that the Participant (and not the Company) shall will be responsible for the Participant's own tax liability that may arise as a result of this investment or liabilities arising in connection with the transactions contemplated by this Award Agreement. Restricted Stock Units. View More
Tax Consequences. The Participant acknowledges that the Company has not advised the Participant regarding the Participant's tax liability in connection with the Option. The Participant acknowledges that the Participant has reviewed with his or her the Participant's own tax advisors the U.S. federal, state, local tax treatment of the Option (including the purchase and non-U.S. tax consequences sale of this investment Shares subject hereto) and the transactions contemplated by this Award Agreement. With respect to ...such matters, Participant relies is relying solely on such those advisors and not on any statements or representations of the Company or any of its agents, written or oral. in that regard. The Participant understands that the Participant (and not the Company) shall will be responsible for the Participant's own tax liability that may arise as a result of this investment or liabilities arising in connection with the transactions contemplated by this Award Agreement. Option. View More
Tax Consequences. The Participant acknowledges that the Company has not advised the Participant regarding the Participant's income tax liability in connection with the grant of the Option and that the Company does not guarantee any particular tax treatment. The Participant acknowledges that the Participant has reviewed with his or her the Participant's own tax advisors the U.S. federal, state, local tax treatment of the Option (including the purchase and non-U.S. tax consequences sale of this investment Shares su...bject hereto) and the transactions contemplated by this Award Agreement. With respect to such matters, Participant relies is relying solely on such those advisors and not on any statements or representations of the Company or any of its agents, written or oral. in that regard. The Participant understands that the Participant (and not the Company) shall will be responsible for the Participant's own tax liability that may arise as a result of this investment or liabilities arising in connection with the transactions contemplated by this Award Agreement. Option. View More
Tax Consequences. (a) The Participant acknowledges that the Company has not advised the Participant regarding the Participant's income tax liability in connection with the grant or vesting of the Restricted Shares. The Participant has reviewed had the opportunity to review with his or her own tax advisors the U.S. federal, state, state and local and non-U.S. tax consequences of this investment and the transactions contemplated by this Award Agreement. With respect to such matters, The Participant relies is relyin...g solely on such advisors and not on any statements or representations of the Company or any of its agents, written or oral. agents. The Participant understands that the Participant (and not the Company) shall be responsible for the Participant's own tax liability that may arise as a result of this investment or the transactions contemplated by this Award Agreement. -2- (b) If the Participant makes an election under Section 83(b) of the Code with respect to the grant of the Restricted Shares, the Participant agrees to notify the Company in writing on the day of such election. The amount includible in the Participant's income as a result of that election will be subject to tax withholding. The Participant will be required to remit to the Company in cash, or make other arrangements reasonably satisfactory to the Company for the satisfaction of, such tax withholding amount; failure to do so within three business days of making the Section 83(b) election will result in forfeiture of all the Restricted Shares. View More
Tax Consequences. (a) The Participant acknowledges that the Company has not advised the Participant regarding the Participant's income tax liability in connection with the grant or vesting of the Restricted Shares. The Participant has reviewed had the opportunity to review with his or her own tax advisors the U.S. federal, state, state and local and non-U.S. tax consequences of this investment and the transactions contemplated by this Award Agreement. With respect to such matters, The Participant relies is relyin...g solely on such advisors and not on any statements or representations of the Company or any of its agents, written or oral. agents. The Participant understands that the Participant (and not the Company) shall be responsible for the Participant's own tax liability that may arise as a result of this investment or the transactions contemplated by this Award Agreement. (b) The Participant acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with respect to the award of the Restricted Shares. (c) The Participant acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with respect to the purchase of the Restricted Shares by the Participant or the lapse of the Purchase Option. The Participant has reviewed with the Participant's own tax advisors the federal, state, local and foreign tax consequences of this investment and the transactions contemplated by this Agreement. (d) If the Participant makes an election under Section 83(b) of the Code with respect to the grant of the Restricted Shares, the Participant agrees to notify the Company in writing on the day of such election. The amount includible in the Participant's income as a result of that election will be subject to tax withholding. The Participant will be required to remit to the Company in cash, or make other arrangements reasonably satisfactory to the Company for the satisfaction of, such tax withholding amount; failure to do so within three business days of making the Section 83(b) election will result in forfeiture of all the Restricted Shares. PARTICIPANT ACKNOWLEDGES THAT IT IS SOLELY THE PARTICIPANT'S RESPONSIBILITY AND NOT THE COMPANY'S TO FILE TIMELY THE ELECTION UNDER SECTION 83(b), EVEN IF THE PARTICIPANT REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE PARTICIPANT'S BEHALF. View More
Tax Consequences. (a) The Participant acknowledges that the Company has not advised the Participant regarding the Participant's income tax liability in connection with the grant or vesting of the Restricted Shares. The Participant has reviewed had the opportunity to review with his or her own tax advisors the U.S. federal, state, state and local and non-U.S. tax consequences of this investment and the transactions contemplated by this Award Agreement. With respect to such matters, The Participant relies is relyin...g solely on such advisors and not on any statements or representations of the Company or any of its agents, written or oral. agents. The Participant understands that the Participant (and not the Company) shall be responsible for the Participant's own tax liability that may arise as a result of this investment or the transactions contemplated by this Award Agreement. (b) The Participant acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with respect to the award of the Shares. (c) The Participant acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with respect to the purchase of the Shares by the Participant or the lapse of the Purchase Option. The Participant has reviewed with the Participant's own tax advisors the federal, state, local and foreign tax consequences of this investment and the transactions contemplated by this Agreement. (d) If the Participant makes an election under Section 83(b) of the Code with respect to the grant of the Restricted Shares, the Participant agrees to notify the Company in writing on the day of such election. The amount includible in the Participant's income as a result of that election will be subject to tax withholding. The Participant will be required to remit to the Company in cash, or make other arrangements reasonably satisfactory to the Company for the satisfaction of, such tax withholding amount; failure to do so within three business days of making the Section 83(b) election will result in forfeiture of all the Restricted Shares. PARTICIPANT ACKNOWLEDGES THAT IT IS SOLELY THE PARTICIPANT'S RESPONSIBILITY AND NOT THE COMPANY'S TO FILE TIMELY THE ELECTION UNDER SECTION 83(b), EVEN IF THE PARTICIPANT REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE PARTICIPANT'S BEHALF. View More
Tax Consequences. (a) The Participant acknowledges that the Company has not advised the Participant regarding the Participant's income tax liability in connection with the grant or vesting of the Restricted Shares. The Participant has reviewed had the opportunity to review with his or her own tax advisors the U.S. federal, state, state and local and non-U.S. tax consequences of this investment and the transactions contemplated by this Award Agreement. With respect to such matters, The Participant relies is relyin...g solely on such advisors and not on any statements or representations of the Company or any of its agents, written or oral. agents. The Participant understands that the Participant (and not the Company) shall be responsible for the Participant's own tax liability that may arise as a result of this investment or the transactions contemplated by this Award Agreement. (b) The Participant acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with respect to the award of the Shares. (c) The Participant acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with respect to the purchase of the Shares by the Participant or the lapse of the Purchase Option. The Participant has reviewed with the Participant's own tax advisors the federal, state, local and foreign tax consequences of this investment and the transactions contemplated by this Agreement. (d) Participant shall make an election under Section 83(b) of the Code with respect to the grant of the Vesting Shares, the Participant agrees to notify the Company in writing on the day of such election. The amount includible in the Participant's income as a result of that election will be subject to tax withholding. The Participant will be required to remit to the Company in cash, or make other arrangements reasonably satisfactory to the Company for the satisfaction of, such tax withholding amount; failure to do so within three business days of making the Section 83(b) election will result in forfeiture of all the Restricted Shares. PARTICIPANT ACKNOWLEDGES THAT IT IS SOLELY THE PARTICIPANT'S RESPONSIBILITY AND NOT THE COMPANY'S TO FILE TIMELY THE ELECTION UNDER SECTION 83(b), EVEN IF THE PARTICIPANT REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE PARTICIPANT'S BEHALF. View More
Tax Consequences. (a) The Participant acknowledges that the Company has not advised the Participant regarding the tax treatment of this Award. The Participant has reviewed had the opportunity to review with his or her own tax advisors the U.S. federal, state, state and local and non-U.S. tax consequences of this investment and the transactions contemplated by this Award Agreement. With respect to such matters, The Participant relies is relying solely on such advisors and not on any statements or representations o...f the Company or any of its agents, written or oral. agents. The Participant understands that the Participant (and not the Company) shall be responsible for the Participant's own tax liability that may arise as a result of this investment or the transactions contemplated by this Award Agreement. (b) If the Participant makes an election under Section 83(b) of the Code with respect to the grant of the Awarded Shares, the Participant agrees to notify the Company in writing on the day of such election. The amount includible in the Participant's income as a result of that election will be subject to tax withholding. The Participant will be required to remit to the Company in cash, or make other arrangements reasonably satisfactory to the Company for the satisfaction of, such tax withholding amount; failure to do so within three business days of making the Section 83(b) election will result in forfeiture of all the Awarded Shares. View More
Tax Consequences. The Participant acknowledges that the Company has reviewed not advised the Participant regarding the Participant's income tax liability in connection with his the grant or her own tax advisors vesting of the U.S. federal, state, local and non-U.S. tax consequences of this investment and the transactions contemplated by this Award Agreement. With respect to such matters, Option. The Participant relies solely on such advisors and is not relying on any statements or representations of the Company o...r any of its agents, written or oral. agents in regard to such liability. The Participant understands that the Participant (and not the Company) shall be responsible for the Participant's own tax liability that may arise as a result of this investment or the transactions contemplated by this Award Agreement. View More
