Tax Consequences Clause Example from Business Contracts

This example Tax Consequences clause appears in 2 contracts from 1 company

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 or vesting of the Option. The Participant is not relying on any statements or representations of the Company or any of its 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 the transactions contem...plated by this Agreement. View More