Tax Consultation Clause Example with 18 Variations from Business Contracts

Tax Consultation. The Participant understands he or she will incur tax consequences as a result of acquisition or disposition of the Shares. The Participant agrees to consult with any tax consultants he or she thinks advisable in connection with the acquisition of the Shares and acknowledges that he or she is not relying, and will not rely, on the Company for any tax advice. THE WILLIAMS COMPANIES, INC. By:_________________________ Alan S. ArmstrongPresident and CEO Participant: <@Name SSN: <@SSN @> 7 EX-10.18 2 wmb_20161231xex1018.htm EX-10.18 Exhibit Exhibit 10.18 Date=Grant Date TO: <@Name@>FROM: Alan S. ArmstrongSUBJECT: 2016 Performance-Based Restricted Stock Unit AwardYou have been selected to receive a performance-based restricted stock unit award to be paid if the Company exceeds the Threshold goal for Total Shareholder Return, as established by the Committee, over the Performance Period. This award is subject to the terms and conditions of The Williams Companies, Inc. 2007 Incentive Plan, as amended and restated from time to time, and the 2016 Performance-Based Restricted Stock Unit Agreement (the "Agreement").This award is granted to you in recognition of your role as an employee whose responsibilities and performance are critical to the attainment of long-term goals. This award and similar awards are made on a selective basis and are, therefore, to be kept confidential. Subject to all of the terms of the Agreement, you will generally become entitled to payment of the award if you are an active employee of the Company on February 22, 2019 and if performance measures set forth in the Agreement are certified for the Performance Period beginning August 1, 2016. The adjustment and termination provisions associated with this award are included in the Agreement.If you have any questions about this award, you may contact a dedicated Fidelity Stock Plan Representative at 1-800-544-9354. 12016 PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENTTHIS 2016 PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (this "Agreement"), which contains the terms and conditions for the restricted stock units ("Restricted Stock Units" or "RSUs") referred to in the 2016 Performance-Based Restricted Stock Unit Award Letter delivered in hard copy or electronically to the Participant ("2016 Award Letter"), is by and between THE WILLIAMS COMPANIES, INC., a Delaware corporation (the "Company"), and the individual identified on the last page hereof (the "Participant").1. Grant of RSUs. Subject to the terms and conditions of The Williams Companies, Inc. 2007 Incentive Plan, as amended and restated from time to time (the "Plan"), this Agreement, and the 2016 Award Letter, the Company hereby grants to the Participant an award (the "Award) of <@Num+C @> RSUs effective <@GrDt+C@> (the "Effective Date"). The Award, which is subject to adjustment under the terms of this Agreement, gives the Participant the opportunity to earn the right to receive the number of shares of the Common Stock of the Company equal to the number of RSUs shown in the prior sentence if the Target goal, as established by the Committee, is achieved by the Company over the Performance Period. These shares, together with any other shares that are payable under this Agreement, are referred to in the Agreement as "Shares." Until the Participant both becomes vested in the Shares under the terms of Paragraph 5 and is paid such Shares under the terms of Paragraph 6, the Participant shall have no rights as a stockholder of the Company with respect to the Shares.2. Incorporation of Plan and Acceptance of Documents. The Plan is hereby incorporated herein by reference, and all capitalized terms used herein which are not defined in this Agreement shall have the meaning set forth in the Plan. The Participant acknowledges that he or she has received a copy of, or has online access to, the Plan, and hereby automatically accepts the RSUs subject to all the terms and provisions of the Plan and this Agreement. The Participant hereby further agrees that he or she has received a copy of, or has online access to, the Plan prospectus, as updated from time to time, and hereby acknowledges his or her automatic acceptance and receipt of such prospectus electronically.3. Committee Decisions and Interpretations; Committee Discretion. The Participant hereby agrees to accept as binding, conclusive and final all actions, decisions and/or interpretations of the Committee, its delegates, or agents, upon any questions or other matters arising under the Plan or this Agreement.