Tax Withholding Clause Example from Business Contracts

This example Tax Withholding clause appears in 3 contracts from 2 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.