Tax Withholding Clause Example from Business Contracts

This example Tax Withholding clause appears in 3 contracts from 3 companies

Tax Withholding. The Grantee shall, not later than the date as of which the receipt of this Award becomes a taxable event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of any Federal, state, and local taxes required by law to be withheld on account of such taxable event. The Company shall have the authority to cause the required tax withholding obligation to be satisfied, in whole or in part, by (i) withholding from shares of Stock to be is...sued to the Grantee a number of shares of Stock with an aggregate Fair Market Value that would satisfy the withholding amount due; or (ii) causing its transfer agent to sell from the number of shares of Stock to be issued to the Grantee, the number of shares of Stock necessary to satisfy the Federal, state and local taxes required by law to be withheld from the Grantee on account of such transfer. View More
Found in Praxis Precision Medicines, Inc. contract
Praxis Precision Medicines, Inc. Contracts

Form of Restricted Stock Award Agreement for Company Employees under the Registrants 2020 Stock Option and Incentive Plan (Filed With SEC on October 9, 2020)

Vector Acquisition Corp Contracts

Form of Restricted Stock Unit Award Agreement for Employees (Filed With SEC on November 9, 2021)

Thimble Point Acquisition Corp. Contracts

Form of Restricted Stock Unit Award Agreement under the Pear Therapeutics, Inc. 2021 Stock Option and Incentive Plan (Filed With SEC on December 8, 2021)