Tax Withholding Clause Example with 4 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) The Participant shall be required to pay to the Company or any Affiliate, and the Company or any Affiliate shall have the right and is hereby authorized to withhold from any cash, shares of Common Stock, other securities or other property deliverable under the RSUs or from any compensation or other amounts owing to a Participant, subject to compliance with Section 409A (as defined below), the amount (in cash, Common Stock, other securities or other property) of any required withholding taxes... in respect of the RSUs, or any payment or transfer of the RSUs or under the Plan, and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and taxes. (b) Without limiting the generality of clause (a) above, the Participant may satisfy, in whole or in part, the foregoing withholding liability by (i) the delivery of shares of Common Stock (which are not subject to any pledge or other security interest and are Mature Shares) owned by the Participant having a Fair Market Value equal to such withholding liability or (ii) having the Company withhold from the number of shares of Common Stock or cash otherwise issuable or deliverable pursuant to the settlement of the RSUs a number of shares or cash, as applicable, with a Fair Market Value equal to such withholding liability (but no more than the minimum required statutory withholding liability).View More
Variations of a "Tax Withholding" Clause from Business Contracts
Tax Withholding. (a) The Participant shall be required to pay to the Company or any Affiliate, and the Company or any Affiliate shall have the right and is hereby authorized to withhold withhold, from any cash, shares of Common Stock, other securities or other property deliverable under the RSUs any Award or from any compensation or other amounts owing to a the Participant, subject to compliance with Section 409A (as defined below), the amount (in cash, Common Stock, other securities or other property) of any re...quired withholding taxes in respect of the RSUs, or any payment or transfer of the RSUs or under the Plan, PSU Award and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and taxes. (b) Without limiting Notwithstanding the generality of clause (a) above, foregoing, the Committee shall permit the Participant may to satisfy, in whole or in part, the foregoing withholding liability by (i) the delivery of shares of Common Stock (which are not subject to any pledge or other security interest and are Mature Shares) owned by the Participant having a Fair Market Value equal to such withholding liability or (ii) having the Company withhold from the number of shares of Common Stock or cash otherwise issuable or deliverable pursuant to the settlement of the RSUs this PSU Award a number of shares or cash, as applicable, of Common Stock with a Fair Market Value equal to such withholding liability (but no more than the minimum required statutory withholding liability). liability. View More
Tax Withholding. (a) The Participant shall be required to pay to the Company or any Affiliate, and the Company or any Affiliate shall have the right and is hereby authorized to withhold withhold, from any cash, shares of Common Stock, other securities or other property deliverable under the RSUs any Award or from any compensation or other amounts owing to a the Participant, subject to compliance with Section 409A (as defined below), the amount (in cash, Common Stock, other securities or other property) of any re...quired withholding taxes in respect of the RSUs, or any payment or transfer of the RSUs or under the Plan, RSU Award and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and taxes. (b) Without limiting Notwithstanding the generality of clause (a) above, foregoing, the Committee shall permit the Participant may to satisfy, in whole or in part, the foregoing withholding liability by (i) the delivery of shares of Common Stock (which are not subject to any pledge or other security interest and are Mature Shares) owned by the Participant having a Fair Market Value equal to such withholding liability or (ii) having the Company withhold from the number of shares of Common Stock or cash otherwise issuable or deliverable pursuant to the settlement of the RSUs this RSU 2 Award a number of shares or cash, as applicable, of Common Stock with a Fair Market Value equal to such withholding liability (but no more than the minimum required statutory withholding liability). liability. View More
Tax Withholding. (a) The Participant shall be required to pay to the Company or any Affiliate, and the Company or any Affiliate shall have the right and is hereby authorized to withhold withhold, from any cash, shares of Common Stock, other securities or other property deliverable under the RSUs any Award or from any compensation or other amounts owing to a the Participant, subject to compliance with Section 409A (as defined below), the amount (in cash, Common Stock, other securities or other property) of any re...quired withholding taxes in respect of the RSUs, or any payment or transfer of the RSUs or under the Plan, RSU Award and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and taxes. (b) Without limiting Notwithstanding the generality of clause (a) above, foregoing, the Committee shall permit the Participant may to satisfy, in whole or in part, the foregoing withholding liability by (i) the delivery of shares of Common Stock (which are not subject to any pledge or other security interest and are Mature Shares) owned by the Participant having a Fair Market Value equal to such withholding liability or (ii) having the Company withhold from the number of shares of Common Stock or cash otherwise issuable or deliverable pursuant to the settlement of the RSUs this RSU Award a number of shares or cash, as applicable, of Common Stock with a Fair Market Value equal to such withholding liability (but no more than the minimum required statutory withholding liability). liability. View More
Tax Withholding. (a) The (a)A Participant shall be required to pay to the Company or any Affiliate, and or the Company or any Affiliate shall have the right and is hereby authorized to withhold withhold, from any cash, shares of Common Stock, Shares, other securities or other property deliverable under the RSUs any Award or from any compensation or other amounts owing to a Participant, subject to compliance with Section 409A (as defined below), the amount (in cash, Common Stock, Shares, other securities or other... property) of any required withholding taxes, including any federal, state, local and non-U.S. income and employment taxes in respect of the RSUs, an Award, its exercise, or any payment or transfer of the RSUs under an Award or under the Plan, this Plan and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and taxes. (b) Without (b)Without limiting the generality of clause (a) above, the Company may, in its sole discretion, require a Participant to pay the foregoing withholding liability in cash until such time as Company has registered its stock and has established a relationship with a broker-dealer acting on the Company's behalf to sell stock in the market. After such time the Company, in its sole discretion, may permit a Participant to satisfy, in whole or in part, the foregoing withholding liability by (i) (A) the delivery of shares of Common Stock Shares (which are not subject to any pledge or other security interest and are Mature Shares) owned by the Participant having a Fair Market Value fair market value equal to such withholding liability or (ii) (B) having the Company withhold from the number of shares of Common Stock or cash Shares otherwise issuable or deliverable pursuant to the exercise or settlement of the RSUs Award a number of shares or cash, as applicable, with a Fair Market Value fair market value equal to such withholding liability (but no more than the minimum required statutory withholding liability). View More
