Tax Withholding Clause Example with 5 Variations from Business Contracts
This page contains Tax Withholding 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 Withholding. (a)Participant is responsible for, and by accepting this Restricted Stock Award agrees to bear, all taxes of any nature, including any income tax, withholding tax, social insurance, payroll tax, fringe benefit tax, payment on account, interest, penalties or other tax related items arising out of the grant of this Restricted Stock Award, the vesting of this Restricted Stock Award or the subsequent sale of the shares of Stock (collectively, the "Tax Items"), that are legally imposed upon Participa...nt in connection with this Restricted Stock Award, and the Company or any Subsidiary, as applicable, does not assume, and will not be liable to any party for, any cost or liability arising in connection with such Tax Items legally imposed on Participant. The Company has not provided any tax advice with respect to this Restricted Stock Award or the disposition of the shares of Stock. Participant should obtain advice from an appropriate independent professional adviser with respect to the tax implications of any aspect of this Restricted Stock Award, including the grant or vesting of this Restricted Stock Award or the subsequent sale of any shares of Stock. (b)In the event that the Company or any Subsidiary qualified to deduct tax at source, is required to withhold any Tax Items as a result of any event occurring in connection with the Restricted Stock Award, the Company or any Subsidiary, as applicable, will satisfy Tax Items by withholding, from the shares of Stock to be released to the Participant upon vesting, a number of shares of Stock having an aggregate fair market value equal to the amount of the Tax Items. The number of shares of Stock withheld to satisfy the Tax Items will be rounded up to the nearest whole share. Depending on the withholding method, the Company or any Subsidiary, as applicable, may withhold or account for Tax Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates, in which case Participant may receive a refund of any over-withheld amount in cash and will have no entitlement to the Stock equivalent. Once the Tax Items have been satisfied by withholding a number of shares of Stock for tax purposes, the Participant is deemed to have been issued the full number of shares of Stock subject to the Restricted Stock Award. The Participant shall pay the Tax Items that the Company may be required to withhold if the Tax Items cannot be satisfied by the means previously described. The Company has sole discretion to require or permit the Participant to make alternate arrangements satisfactory to the Company for such withholdings in advance of the arising withholding obligations. No shares of Stock will be issued unless and until satisfactory arrangements (as determined by the Company) have been made by the Participant with respect to the payment of any income and other taxes which the Company determines must be withheld or collected with respect to such shares. By accepting this award, Participant expressly consents to the withholding of shares of Stock and to any additional cash withholding as provided for in this paragraph. (c)Participant acknowledges and agrees that the ultimate liability for any Tax Items legally due by Participant is and remains Participant's responsibility and that the Company and/or any Subsidiary, as applicable, (a) make no representations nor undertakings regarding the treatment of any such Tax Items in connection with any aspect of this Restricted Stock Award, including the grant or vesting of this Restricted Stock Award or the subsequent sale of the shares of Stock acquired from this Restricted Stock Award; and (b) do not commit to structure the terms or any aspect of this Restricted Stock Award to reduce or eliminate the Participant's liability for such Tax Items. The Company may refuse to release the shares of Stock if Participant fails to comply with Participant's obligations in connection with the satisfaction of the Tax Items.View More
Variations of a "Tax Withholding" Clause from Business Contracts
Tax Withholding. (a)Participant is responsible for, and by accepting this the Restricted Stock Award Units agrees to bear, all taxes of any nature, including any income tax, withholding tax, social insurance, payroll tax, fringe benefit tax, payment on account, interest, taxes, interest or penalties or other tax related items arising out of the grant of this the Restricted Stock Award, Units, the vesting of this the Restricted Stock Award Units, the distribution of the shares underlying the Restricted Stock Unit...s, or the subsequent sale of the shares of Stock (collectively, the "Tax Items"), shares, that are legally imposed upon Participant in connection with this the Restricted Stock Award, Units, and the Company or any Subsidiary, as applicable, does not assume, and will not be liable to any party for, any cost or liability arising in connection with such Tax Items tax liability legally imposed on Participant. The Company has not provided any tax advice with respect to this the Restricted Stock Award Units or the disposition of the shares of Stock. shares. Participant should obtain advice from an appropriate independent professional adviser with respect to the tax taxation implications of any aspect of this the Restricted Stock Award, Units, including the grant or vesting of this the Restricted Stock Award Units or the subsequent sale of any shares of Stock. shares. (b)In the event that the Company or the Participant's employer, including any Subsidiary qualified to deduct tax at source, source (the "Employer"), is required to withhold any Tax Items minimum statutory withholding amounts (including in connection with income tax, employment or payroll taxes, social security contributions or other similar amounts, with such obligation in aggregate referred to herein as the "Tax Items") as a result of any event occurring in connection with the Restricted Stock Award, Units, the Company or any Subsidiary, as applicable, Employer will satisfy Tax Items by withholding, from the shares of Stock to be released delivered to the Participant upon vesting, a number of shares of Stock having an aggregate fair market value equal sufficient to the amount of pay the Tax Items. The number of shares of Stock withheld to satisfy the Tax Items will be rounded up to the nearest whole share. Depending on the withholding method, the Company or any Subsidiary, as applicable, may withhold or account for Tax Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates, in which case Participant may receive a refund of any over-withheld amount in cash and will have no entitlement to the Stock equivalent. Once the Tax Items have been satisfied by withholding a number of shares of Stock for tax purposes, the Participant is deemed to have been issued the full number of shares of Stock subject to the Restricted Stock Award. release tranche in this grant. The Participant shall pay the Tax Items that the Company may be required to withhold if the Tax Items cannot be satisfied by the means previously described. The Company has sole discretion to require or permit the Participant to make alternate arrangements satisfactory to the Company for such withholdings in advance of the arising withholding obligations. No shares of Stock will be issued unless and until satisfactory arrangements (as determined by the Company) have been made by the Participant with respect to the payment of any income and other taxes which the Company determines must be withheld or collected with respect to such shares. By accepting this award, Participant expressly consents to the withholding of shares of Stock and to any additional cash withholding as provided for in this paragraph. (c)Participant acknowledges and agrees that the ultimate liability for any Tax Items tax-related item legally due by Participant is and remains Participant's responsibility and that the Company and/or any Subsidiary, as applicable, and or the Employer (a) make no representations nor undertakings regarding the treatment of any such Tax Items tax items in connection with any aspect of this the Restricted Stock Award, Units, including the grant or vesting of this the Restricted Stock Award Units, the distribution of the shares underlying the Restricted Stock Units, or the subsequent sale of the shares of Stock acquired from this the Restricted Stock Award; Units; and (b) do not commit to structure the terms or any aspect of this the Restricted Stock Award Units to reduce or eliminate the Participant's liability for such Tax Items. tax items. The Company may refuse to release deliver the shares of Stock if Participant fails to comply with Participant's obligations in connection with the satisfaction of the Tax Items. View More
Tax Withholding. (a)Participant is responsible for, and by accepting this the Restricted Stock Award Units agrees to bear, all taxes of any nature, including any income tax, withholding tax, social insurance, payroll tax, fringe benefit tax, payment on account, interest, taxes, interest or penalties or other tax related items arising out of the grant of this the Restricted Stock Award, Units, the vesting of this the Restricted Stock Award Units, the distribution of the shares underlying the Restricted Stock Unit...s, or the subsequent sale of the shares of Stock (collectively, the "Tax Items"), shares, that are legally imposed upon Participant in connection with this the Restricted Stock Award, Units, and the Company or any Subsidiary, as applicable, does not assume, and will not be liable to any party for, any cost or liability arising in connection with such Tax Items tax liability legally imposed on Participant. The Company has not provided any tax advice with respect to this the Restricted Stock Award Units or the disposition of the shares of Stock. shares. Participant should obtain advice from an appropriate independent professional adviser with respect to the tax taxation implications of any aspect of this the Restricted Stock Award, Units, including the grant or vesting of this the Restricted Stock Award Units or the subsequent sale of any shares of Stock. shares. (b)In the event that the Company or the Participant's Employer, including any Subsidiary qualified to deduct tax at source, is required to withhold any Tax Items minimum statutory withholding amounts (including in connection with income tax, employment or payroll taxes, social security contributions or other similar amounts, with such obligation in aggregate referred to herein as the "Tax Items") as a result of any event occurring in connection with the Restricted Stock Award, Units, the Company or any Subsidiary, as applicable, Employer will satisfy Tax Items by withholding, from the shares of Stock to be released delivered to the Participant upon vesting, a number of shares of Stock having an aggregate fair market value equal sufficient to the amount of pay the Tax Items. The number of shares of Stock withheld to satisfy the Tax Items will be rounded up to the nearest whole share. Depending on the withholding method, the Company or any Subsidiary, as applicable, may withhold or account for Tax Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates, in which case Participant may receive a refund of any over-withheld amount in cash and will have no entitlement to the Stock equivalent. Once the Tax Items have been satisfied by withholding a number of shares of Stock for tax purposes, the Participant is deemed to have been issued the full number of shares of Stock subject to the Restricted Stock Award. release tranche in this grant. The Participant shall pay the Tax Items that the Company may be required to withhold if the Tax Items cannot be satisfied by the means previously described. The Company has sole discretion to require or permit the Participant to make alternate arrangements satisfactory to the Company for such withholdings in advance of the arising withholding obligations. No shares of Stock will be issued unless and until satisfactory arrangements (as determined by the Company) have been made by the Participant with respect to the payment of any income and other taxes which the Company determines must be withheld or collected with respect to such shares. By accepting this award, Participant expressly consents to the withholding of shares of Stock and to any additional cash withholding as provided for in this paragraph. (c)Participant acknowledges and agrees that the ultimate liability for any Tax Items tax-related item legally due by Participant is and remains Participant's responsibility and that the Company and/or any Subsidiary, as applicable, and or the Employer (a) make no representations nor undertakings regarding the treatment of any such Tax Items tax items in connection with any aspect of this the Restricted Stock Award, Units, including the grant or vesting of this the Restricted Stock Award Units, the distribution of the shares underlying the Restricted Stock Units, or the subsequent sale of the shares of Stock acquired from this the Restricted Stock Award; Units; and (b) do not commit to structure the terms or any aspect of this the Restricted Stock Award Units to reduce or eliminate the Participant's liability for such Tax Items. tax items. The Company may refuse to release deliver the shares of Stock if Participant fails to comply with Participant's obligations in connection with the satisfaction of the Tax Items. View More
Tax Withholding. (a)Participant (i)Participant is responsible for, and by accepting this the Restricted Stock Award Units agrees to bear, all taxes of any nature, including any income tax, withholding tax, social insurance, payroll tax, fringe benefit tax, payment on account, interest, penalties or other tax related items arising out of the grant of this the Restricted Stock Award, Units, the vesting of this the Restricted Stock Award Units, the distribution of the shares underlying the Restricted Stock Units, o...r the subsequent sale of the shares of Stock (collectively, the "Tax Items"), that are legally imposed upon Participant in connection with this the Restricted Stock Award, Units, and the Company or any Subsidiary, as applicable, does not assume, and will not be liable to any party for, any cost or liability arising in connection with such Tax Items legally imposed on Participant. The Company has not provided any tax advice with respect to this the Restricted Stock Award Units or the disposition of the shares of Stock. shares. Participant should obtain advice from an appropriate independent professional adviser with respect to the tax implications of any aspect of this the Restricted Stock Award, Units, including the grant or vesting of this the Restricted Stock Award Units or the subsequent sale of any shares of Stock. (b)In shares. (j)In the event that the Company or the Employer, including any Subsidiary qualified to deduct tax at source, is required to withhold any Tax Items as a result of any event occurring in connection with the Restricted Stock Award, Units, the Company or any Subsidiary, as applicable, the Employer will satisfy Tax Items by withholding, from the shares of Stock to be released delivered to the Participant upon vesting, a number of shares of Stock having an aggregate fair market value equal to the amount of the Tax Items. The number of shares of Stock withheld to satisfy the Tax Items will be rounded up to the nearest whole share. Depending on the withholding method, the Company or any Subsidiary, as applicable, the Employer may withhold or account for Tax Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates, in which case Participant may receive a refund of any over-withheld amount in cash and will have no entitlement to the Common Stock equivalent. Once the Tax Items have been satisfied by withholding a number of shares of Stock for tax purposes, the Participant is deemed to have been issued the full number of shares of Stock subject to the Restricted Stock Award. release tranche in this grant. The Participant shall pay the Tax Items that the Company may be required to withhold if the Tax Items cannot be satisfied by the means previously described. The Company has sole discretion to require or permit the Participant to make alternate arrangements satisfactory to the Company for such withholdings in advance of the arising withholding obligations. No shares of Stock will be issued unless and until satisfactory arrangements (as determined by the Company) have been made by the Participant with respect to the payment of any income and other taxes which the Company determines must be withheld or collected with respect to such shares. By accepting this award, Participant expressly consents to the withholding of shares of Stock and to any additional cash withholding as provided for in this paragraph. (c)Participant (k)Participant acknowledges and agrees that the ultimate liability for any Tax Items legally due by Participant is and remains Participant's responsibility and that the Company and/or any Subsidiary, as applicable, the Employer (a) make no representations nor undertakings regarding the treatment of any such Tax Items in connection with any aspect of this the Restricted Stock Award, Units, including the grant or vesting of this the Restricted Stock Award Units, the distribution of the shares underlying the Restricted Stock Units, or the subsequent sale of the shares of Stock acquired from this the Restricted Stock Award; Units; and (b) do not commit to structure the terms or any aspect of this the Restricted Stock Award Units to reduce or eliminate the Participant's liability for such Tax Items. The Company may refuse to release deliver the shares of Stock if Participant fails to comply with Participant's obligations in connection with the satisfaction of the Tax Items. View More
Tax Withholding. (a)Participant is responsible for, and by accepting this the Restricted Stock Award Units agrees to bear, all taxes of any nature, including any income tax, withholding tax, social insurance, payroll tax, fringe benefit tax, payment on account, interest, penalties or other tax related items arising out of the grant of this the Restricted Stock Award, Units, the vesting of this the Restricted Stock Award Units, the distribution of the shares underlying the Restricted Stock Units, or the subsequen...t sale of the shares of Stock (collectively, the "Tax Items"), that are legally imposed upon Participant in connection with this the Restricted Stock Award, Units, and the Company or any Subsidiary, as applicable, does not assume, and will not be liable to any party for, any cost or liability arising in connection with such Tax Items legally imposed on Participant. The Company has not provided any tax advice with respect to this the Restricted Stock Award Units or the disposition of the shares of Stock. shares. Participant should obtain advice from an appropriate independent professional adviser with respect to the tax implications of any aspect of this the Restricted Stock Award, Units, including the grant or vesting of this the Restricted Stock Award Units or the subsequent sale of any shares of Stock. shares. (b)In the event that the Company or the Employer, including any Subsidiary qualified to deduct tax at source, is required to withhold any Tax Items as a result of any event occurring in connection with the Restricted Stock Award, Units, the Company or any Subsidiary, as applicable, Employer will satisfy Tax Items by withholding, from the shares of Stock to be released delivered to the Participant upon vesting, a number of shares of Stock having an aggregate fair market value equal to the amount of the Tax Items. The number of shares of Stock withheld to satisfy the Tax Items will be rounded up to the nearest whole share. Depending on the withholding method, the Company or any Subsidiary, as applicable, the Employer may withhold or account for Tax Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates, in which case Participant may receive a refund of any over-withheld amount in cash and will have no entitlement to the Common Stock equivalent. Once the Tax Items have been satisfied by withholding a number of shares of Stock for tax purposes, the Participant is deemed to have been issued the full number of shares of Stock subject to the Restricted Stock Award. release tranche in this grant. The Participant shall pay the Tax Items that the Company may be required to withhold if the Tax Items cannot be satisfied by the means previously described. The Company has sole discretion to require or permit the Participant to make alternate arrangements satisfactory to the Company for such withholdings in advance of the arising withholding obligations. No shares of Stock will be issued unless and until satisfactory arrangements (as determined by the Company) have been made by the Participant with respect to the payment of any income and other taxes which the Company determines must be withheld or collected with respect to such shares. By accepting this award, Participant expressly consents to the withholding of shares of Stock and to any additional cash withholding as provided for in this paragraph. (c)Participant acknowledges and agrees that the ultimate liability for any Tax Items legally due by Participant is and remains Participant's responsibility and that the Company and/or any Subsidiary, as applicable, and or the Employer (a) make no representations nor undertakings regarding the treatment of any such Tax Items in connection with any aspect of this the Restricted Stock Award, Units, including the grant or vesting of this the Restricted Stock Award Units, the distribution of the shares underlying the Restricted Stock Units, or the subsequent sale of the shares of Stock acquired from this the Restricted Stock Award; Units; and (b) do not commit to structure the terms or any aspect of this the Restricted Stock Award Units to reduce or eliminate the Participant's liability for such Tax Items. The Company may refuse to release deliver the shares of Stock if Participant fails to comply with Participant's obligations in connection with the satisfaction of the Tax Items. View More
Tax Withholding. (a)Participant is responsible for, and by accepting this Restricted Stock Award agrees to bear, all taxes of any nature, including any income tax, withholding tax, social insurance, payroll tax, fringe benefit tax, payment on account, interest, taxes, interest or penalties or other tax related items arising out of the grant of this Restricted Stock Award, the vesting of this Restricted Stock Award or the subsequent sale of the shares of Stock (collectively, the "Tax Items"), Shares, that are leg...ally imposed upon Participant in connection with this Restricted Stock Award, and the Company or any Subsidiary, as applicable, does not assume, and will not be liable to any party for, any cost or liability arising in connection with such Tax Items tax liability legally imposed on Participant. The Company has not provided any tax advice with respect to this Restricted Stock Award or the disposition of the shares of Stock. Shares. Participant should obtain advice from an appropriate independent professional adviser with respect to the tax taxation implications of any aspect of this Restricted Stock Award, including the grant or vesting of this Restricted Stock Award or the subsequent sale of any shares of Stock. Shares. (b)In the event that the Company or the Participant's employer, including any Subsidiary qualified to deduct tax at source, source (the "Employer"), is required to withhold any Tax Items amount (including in connection with income tax, employment or payroll taxes, social security contributions or other similar amounts, with such obligation in aggregate referred to herein as the "Tax Items") as a result of any event occurring in connection with the this Restricted Stock Award, Participant shall make a cash, check or wire payment to the Company as necessary to cover all applicable Tax Items at or prior to the time the event giving rise to the Tax Items occurs; or (a) the Employee can elect a "sell-to-cover" option where the employee sells a portion of their vested shares to pay the tax liability, (b) elect a "same day sale" option where the employee sells all of their vested shares of which a portion of the proceeds will be used to pay the tax liability, (c) the Company or any Subsidiary, as applicable, will satisfy Tax Items by withholding, from the shares of Employer has the right, and Participant in accepting this Restricted Stock Award explicitly authorizes the Company, to be released to the Participant upon vesting, a number of shares of Stock having deduct an aggregate fair market value amount equal to the amount of the Tax Items. The number of shares of Stock withheld to satisfy the Tax Items will be rounded up to from the nearest whole share. Depending on the withholding method, Participant's compensation or (d) the Company or any Subsidiary, as applicable, may withhold or account for establish alternative procedures to ensure satisfaction of all applicable Tax Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates, arising in which case Participant may receive a refund of any over-withheld amount in cash and will have no entitlement to the Stock equivalent. Once the Tax Items have been satisfied by withholding a number of shares of Stock for tax purposes, the Participant is deemed to have been issued the full number of shares of Stock subject to the connection with this Restricted Stock Award. The Participant shall pay will receive a cash refund for any payment of cash or fraction of a surrendered share not necessary to satisfy the Tax Items that the Company may be required to withhold if the Tax Items cannot be satisfied by the means previously described. The Company has sole discretion to require or permit the Participant to make alternate arrangements satisfactory to the Company for such withholdings in advance of the arising withholding obligations. No shares of Stock will be issued unless and until satisfactory arrangements (as determined by the Company) have been made by the Participant with respect to the payment of any income and other taxes which the Company determines must be withheld or collected with respect to such shares. By accepting this award, Participant expressly consents to the withholding of shares of Stock and to any additional cash withholding as provided for in this paragraph. Items. (c)Participant acknowledges and agrees that the ultimate liability for any Tax Items tax-related item legally due by Participant is and remains Participant's responsibility and that the Company and/or any Subsidiary, as applicable, and or the Employer (a) make no representations nor undertakings regarding the treatment of any such Tax Items tax items in connection with any aspect of this Restricted Stock Award, including the grant or vesting of this Restricted Stock Award or the subsequent sale of the shares of Stock Shares acquired from this Restricted Stock Award; and (b) do not commit to structure the terms or any aspect of this Restricted Stock Award to reduce or eliminate the Participant's liability for such Tax Items. tax items. The Company may refuse to release deliver the shares of Stock Shares if Participant fails to comply with Participant's obligations in connection with the satisfaction of the Tax Items. View More