Tax Withholding Clause Example with 93 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) Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or exercise thereof), the Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign or other taxes (including the Participant's FICA obligation) required to be withheld with respect to such Award (or exercise thereof). (b) Withholding Arrangements. The Administrator, in its sole disc...retion and pursuant to such procedures as it may specify from time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation) (i) paying cash, (ii) electing to have the Company withhold otherwise deliverable Shares having a fair market value equal to the minimum statutory amount required to be withheld, (iii) delivering to the Company already-owned Shares having a fair market value equal to the statutory amount required to be withheld, provided the delivery of such Shares will not result in any adverse accounting consequences, as the Administrator determines in its sole discretion, (iv) selling a sufficient number of Shares otherwise deliverable to the Participant through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount -14- required to be withheld, (v) such other consideration and method of payment for the meeting of tax withholding obligations as the Administrator may determine, to the extent permitted by Applicable Laws or (vi) any combination of the foregoing methods of payment. The amount of the withholding requirement will be deemed to include any amount which the Administrator agrees may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or local marginal income tax rates applicable to the Participant with respect to the Award on the date that the amount of tax to be withheld is to be determined. The fair market value of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld.View More
Variations of a "Tax Withholding" Clause from Business Contracts
Tax Withholding. (a) Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or the exercise thereof), or at such other time as the Company will Tax Obligations are due, the Company, in accordance with the Code and any Applicable Laws, shall have the power and the right to deduct or withhold, or require a Participant Grantee to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign all Tax Obligations. The Administrator may condition such delivery..., payment, or other taxes (including event pursuant to an Award on the Participant's FICA obligation) required to be withheld with respect to payment by the Grantee of any such Award (or exercise thereof). Tax Obligations. (b) Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit designate the method or methods by which a Participant Grantee may satisfy the Tax Obligations. As determined by the Administrator from time to satisfy such tax withholding obligation, in whole time, these methods may include one or in part by (without limitation) more of the following: (i) paying cash, cash; (ii) electing to have the Company withhold otherwise cash or Shares deliverable Shares to the Grantee having a fair market value Fair Market Value equal to the minimum statutory amount required to be withheld, withheld; (iii) delivering to the Company already-owned Shares having a fair market value Fair Market Value equal to the statutory minimum amount required to be withheld, withheld or remitted, provided the delivery of such Shares will not result in any adverse accounting consequences, consequences as the Administrator determines in its sole discretion, determines; 16 (iv) selling a sufficient number of Shares otherwise deliverable to the Participant Grantee through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount -14- Tax Obligations required to be withheld, withheld; (v) such retaining from salary or other consideration and method of payment for the meeting of tax withholding obligations as the Administrator may determine, amounts payable to the extent permitted by Applicable Laws Grantee cash having a sufficient value to satisfy the Tax Obligations; or (vi) any combination other means which the Administrator determines to both comply with Applicable Laws, and to be consistent with the purposes of the foregoing methods of payment. Plan. The amount of the withholding requirement Tax Obligations will be deemed to include any amount which that the Administrator agrees determines may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or state, local and foreign marginal income tax rates applicable to the Participant Grantee or the Company, as applicable, with respect to the Award on the date that the amount of tax or social insurance liability to be withheld or remitted is to be determined. The fair market value Fair Market Value of the Shares to be withheld or delivered will shall be determined as of the date that the taxes Tax Obligations are required to be withheld. View More
Tax Withholding. (a) Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or the exercise thereof), or at such other time as the Company will Tax Obligations are due, the Company, in accordance with the Code and any Applicable Laws, shall have the power and the right to deduct or withhold, or require a Participant Grantee to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign all Tax Obligations. The Administrator may condition such delivery..., payment, or other taxes (including event pursuant to an Award on the Participant's FICA obligation) required to be withheld with respect to payment by the Grantee of any such Award (or exercise thereof). Tax Obligations. (b) Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit designate the method or methods by which a Participant Grantee may satisfy the Tax Obligations. As determined by the Administrator from time to satisfy such tax withholding obligation, in whole time, these methods may include one or in part by (without limitation) more of the following: (i) paying cash, cash; (ii) electing to have the Company withhold otherwise cash or Shares deliverable Shares to the Grantee having a fair market value Fair Market Value equal to the minimum statutory amount required to be withheld, withheld; (iii) delivering to the Company already-owned Shares having a fair market value Fair Market Value equal to the statutory amount required to be withheld, withheld or remitted, provided the delivery of such Shares will not result in any adverse accounting consequences, consequences as the Administrator determines in its sole discretion, determines; (iv) selling a sufficient number of Shares otherwise deliverable to the Participant Grantee through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount -14- Tax Obligations required to be withheld, withheld; (v) such retaining from salary or other consideration and method of payment for the meeting of tax withholding obligations as the Administrator may determine, amounts payable to the extent permitted by Applicable Laws Grantee cash having a sufficient value to satisfy the Tax Obligations; or (vi) any combination other means which the Administrator determines to both comply with Applicable Laws, and to be consistent with the purposes of the foregoing methods of payment. Plan. 15 The amount of the withholding requirement Tax Obligations will be deemed to include any amount which that the Administrator agrees determines may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or state, local and foreign marginal income tax rates applicable to the Participant Grantee or the Company, as applicable, with respect to the Award on the date that the amount of tax or social insurance liability to be withheld or remitted is to be determined. The fair market value Fair Market Value of the Shares to be withheld or delivered will shall be determined as of the date that the taxes Tax Obligations are required to be withheld. View More
Tax Withholding. (a) Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or the exercise thereof), or at such other time as the Company will Tax Obligations are due, the Company, in accordance with the Code and any Applicable Laws, shall have the power and the right to deduct or withhold, or require a Participant Grantee to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign all Tax Obligations. The Administrator may condition such delivery..., payment, or other taxes (including event pursuant to an Award on the Participant's FICA obligation) required to be withheld with respect to payment by the Grantee of any such Award (or exercise thereof). Tax Obligations. 11 (b) Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit designate the method or methods by which a Participant Grantee may satisfy the Tax Obligations. As determined by the Administrator from time to satisfy such tax withholding obligation, in whole time, these methods may include one or in part by (without limitation) more of the following: (i) paying cash, cash; (ii) electing to have the Company withhold otherwise cash or Shares deliverable Shares to the Grantee having a fair market value Fair Market Value equal to the minimum statutory amount required to be withheld, withheld; (iii) delivering to the Company already-owned Shares having a fair market value Fair Market Value equal to the statutory minimum amount required to be withheld, withheld or remitted, provided the delivery of such Shares will not result in any adverse accounting consequences, consequences as the Administrator determines in its sole discretion, determines; (iv) selling a sufficient number of Shares otherwise deliverable to the Participant Grantee through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount -14- Tax Obligations required to be withheld, withheld; (v) such retaining from salary or other consideration and method of payment for the meeting of tax withholding obligations as the Administrator may determine, amounts payable to the extent permitted by Applicable Laws Grantee cash having a sufficient value to satisfy the Tax Obligations; or (vi) any combination other means which the Administrator determines to both comply with Applicable Laws, and to be consistent with the purposes of the foregoing methods of payment. Plan. The amount of the withholding requirement Tax Obligations will be deemed to include any amount which that the Administrator agrees determines may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or state, local and foreign marginal income tax rates applicable to the Participant Grantee or the Company, as applicable, with respect to the Award on the date that the amount of tax or social insurance liability to be withheld or remitted is to be determined. The fair market value Fair Market Value of the Shares to be withheld or delivered will shall be determined as of the date that the taxes Tax Obligations are required to be withheld. View More
Tax Withholding. (a) Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or the exercise thereof), or at such other time as the Company will Tax Obligations are due, the Company, in accordance with the Code and any Applicable Laws, shall have the power and the right to deduct or withhold, or require a Participant Grantee to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign all Tax Obligations. The Administrator may condition such delivery..., payment, or other taxes (including event pursuant to an Award on the Participant's FICA obligation) required to be withheld with respect to payment by the Grantee of any such Award (or exercise thereof). Tax Obligations. (b) Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit designate the method or methods by which a Participant Grantee may satisfy the Tax Obligations. As determined by the Administrator from time to satisfy such tax withholding obligation, in whole time, these methods may include one or in part by (without limitation) more of the following: (i) paying cash, cash; (ii) electing to have the Company withhold otherwise cash or Shares deliverable Shares to the Grantee having a fair market value Fair Market Value equal to the minimum statutory amount required to be withheld, withheld; (iii) delivering to the Company already-owned Shares having a fair market value Fair Market Value equal to the statutory amount required to be withheld, withheld or remitted, provided the delivery of such Shares will not result in any adverse accounting consequences, consequences as the Administrator determines in its sole discretion, determines; (iv) selling a sufficient number of Shares otherwise deliverable to the Participant Grantee through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount -14- Tax Obligations required to be withheld, withheld; (v) such retaining from salary or other consideration and method of payment for the meeting of tax withholding obligations as the Administrator may determine, amounts payable to the extent permitted by Applicable Laws Grantee cash having a sufficient value to satisfy the Tax Obligations; or (vi) any combination other means which the Administrator determines to both comply with Applicable Laws, and to be consistent with the purposes of the foregoing methods of payment. Plan. The amount of the withholding requirement Tax Obligations will be deemed to include any amount which that the Administrator agrees determines may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or state, local and foreign marginal income tax rates applicable to the Participant Grantee or the Company, as applicable, with respect to the Award on the date that the amount of tax or social insurance liability to be withheld or remitted is to be determined. The fair market value Fair Market Value of the Shares to be withheld or delivered will shall be determined as of the date that the taxes Tax Obligations are required to be withheld. View More
Tax Withholding. (a) Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or the exercise thereof), or at such other time as the Company will Tax Obligations are due, the Company, in accordance with the Code and any Applicable Laws, shall have the power and the right to deduct or withhold, or require a Participant Grantee to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign all Tax Obligations. The Administrator may condition such delivery..., payment, or other taxes (including event pursuant to an Award on the Participant's FICA obligation) required to be withheld with respect to payment by the Grantee of any such Award (or exercise thereof). Tax Obligations. (b) Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit designate the method or methods by which a Participant Grantee may satisfy the Tax Obligations. As determined by the Administrator from time to satisfy such tax withholding obligation, in whole time, these methods may include one or in part by (without limitation) more of the following: (i) paying cash, cash; (ii) electing to have the Company withhold otherwise cash or Shares deliverable Shares to the Grantee having a fair market value Fair Market Value equal to the minimum statutory amount required to be withheld, withheld; (iii) delivering to the Company already-owned Shares having a fair market value Fair Market Value equal to the statutory minimum amount required to be withheld, withheld or remitted, provided the delivery of such Shares will not result in any adverse accounting consequences, consequences as the Administrator determines in its sole discretion, determines; (iv) selling a sufficient number of Shares otherwise deliverable to the Participant Grantee through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount -14- Tax Obligations required to be withheld, withheld; (v) such retaining from salary or other consideration and method of payment for the meeting of tax withholding obligations as the Administrator may determine, amounts payable to the extent permitted by Applicable Laws Grantee cash having a sufficient value to satisfy the Tax Obligations; or (vi) any combination other means which the Administrator determines to both comply with Applicable Laws, and to be consistent with the purposes of the foregoing methods of payment. Plan. The amount of the withholding requirement Tax Obligations will be deemed to include any amount which that the Administrator agrees determines may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or state, local and foreign marginal income tax rates applicable to the Participant Grantee or the Company, as applicable, with respect to the Award on the date that the amount of tax or social insurance liability to be withheld or remitted is to be determined. The fair market value Fair Market Value of the Shares to be withheld or delivered will shall be determined as of the date that the taxes Tax Obligations are required to be withheld. View More
Tax Withholding. (a) 11.1 Withholding Requirements. Prior to the delivery of any Shares shares or cash pursuant to an Award (or exercise thereof), or at such earlier time as the Tax Obligations are due, the Company will shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign or other taxes (including the Participant's FICA obligation) required to be withheld with respect to such Award (or exercise t...hereof). (b) all Tax Obligations. 11.2 Withholding Arrangements. The Administrator, Committee, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit designate the method or methods by which a Participant to may satisfy such tax withholding obligation, Tax Obligations. As determined by the Committee in whole its discretion from time to time, these methods may include one or in part by (without limitation) (i) more of the following: (a) paying cash, (ii) (b) electing to have the Company withhold otherwise deliverable Shares cash or shares having a fair market value Fair Market Value equal to the minimum statutory amount required to be withheld, (iii) (c) delivering to the Company already-owned Shares shares having a fair market value Fair Market Value equal to the statutory minimum amount required to be withheld, withheld or remitted, provided the delivery of such Shares shares will not result in any adverse accounting consequences, consequences as the Administrator Committee determines in its sole discretion, (iv) (d) selling a sufficient number of Shares shares otherwise deliverable to the Participant through such means as the Administrator Committee may determine in its sole discretion (whether through a broker or otherwise) equal to the amount -14- Tax Obligations required to be withheld, (v) such (e) retaining from salary or other consideration and method of payment for the meeting of tax withholding obligations as the Administrator may determine, amounts payable to the extent permitted by Participant cash having a sufficient value to satisfy the Tax Obligations, or (f) any other means which the Committee, in its sole discretion, determines to both comply with Applicable Laws or (vi) any combination Laws, and to be consistent with the purposes of the foregoing methods of payment. Plan. The amount of the withholding requirement Tax Obligations will be deemed to include any amount which that the Administrator Committee agrees may be withheld at the time the 16 election is made, not to exceed the amount determined by using the maximum federal, state or local marginal income tax rates applicable to the Participant or the Company, as applicable, with respect to the Award on the date that the amount of tax or social insurance liability to be withheld or remitted is to be determined. The fair market value Fair Market Value of the Shares shares to be withheld or delivered will shall be determined as of the date that the taxes Tax Obligations are required to be withheld. View More
Tax Withholding. (a) 12.1 Withholding Requirements. Prior to the delivery of any Shares shares or cash pursuant to an Award (or exercise thereof), or at such earlier time as the Tax Obligations are due, the Company will shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign or other taxes (including the Participant's FICA obligation) required to be withheld with respect to such Award (or exercise t...hereof). (b) all Tax Obligations. 12.2 Withholding Arrangements. The Administrator, Committee, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit designate the method or methods by which a Participant to may satisfy such tax withholding obligation, Tax Obligations. As determined by the Committee in whole its discretion from time to time, these methods may include one or in part by (without limitation) (i) more of the following: (a) paying cash, (ii) (b) electing to have the Company withhold otherwise deliverable Shares cash or shares having a fair market value Fair Market Value equal to the minimum statutory amount required to be withheld, (iii) (c) delivering to the Company already-owned Shares shares having a fair market value Fair Market Value equal to the statutory minimum amount required to be withheld, withheld or remitted, provided the delivery of such Shares shares will not result in any adverse accounting consequences, consequences as the Administrator Committee determines in its sole discretion, (iv) (d) selling a sufficient number of Shares shares otherwise deliverable to the Participant through such means as the Administrator Committee may determine in its sole discretion (whether through a broker or otherwise) equal to the amount -14- Tax Obligations required to be withheld, (v) such (e) retaining from salary or other consideration and method of payment for the meeting of tax withholding obligations as the Administrator may determine, amounts payable to the extent permitted by Participant cash having a sufficient value to satisfy the Tax Obligations, or (f) any other means which the Committee, in its sole discretion, determines to both comply with Applicable Laws or (vi) any combination Laws, and to be consistent with the purposes of the foregoing methods of payment. Plan. The amount of the withholding requirement Tax Obligations will be deemed to include any amount which that the Administrator Committee agrees may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or local marginal income tax rates applicable to the Participant or the Company, as applicable, with respect to the Award on the date that the amount of tax or social insurance liability to be withheld or remitted is to be determined. The fair market value Fair Market Value of the Shares shares to be withheld or delivered will shall be determined as of the date that the taxes Tax Obligations are required to be withheld. View More
Tax Withholding. (a) 11.1 Withholding Requirements. Prior to the delivery of any Shares shares or cash pursuant to an Award (or exercise thereof), or at such earlier time as the Tax Obligations are due, the Company will shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign or other taxes (including the Participant's FICA obligation) required to be withheld with respect to such Award (or exercise t...hereof). (b) all Tax Obligations. 11.2 Withholding Arrangements. The Administrator, Committee, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit designate the method or methods by which a Participant to may satisfy such tax withholding obligation, Tax Obligations. As determined by the Committee in whole its discretion from time to time, these methods may include one or in part by (without limitation) (i) more of the following: (a) paying cash, (ii) (b) electing to have the Company withhold otherwise deliverable Shares cash or shares having a fair market value Fair Market Value equal to the minimum statutory amount required to be withheld, (iii) (c) delivering to the Company already-owned Shares shares having a fair market value Fair Market Value equal to the statutory minimum amount required to be withheld, withheld or remitted, provided the delivery of such Shares shares will not result in any adverse accounting consequences, consequences as the Administrator Committee determines in its sole discretion, (iv) (d) selling a sufficient number of Shares shares otherwise deliverable to the Participant through such means as the Administrator Committee may determine in its sole discretion (whether through a broker or otherwise) equal to the amount -14- Tax Obligations required to be withheld, (v) such (e) retaining from salary or other consideration and method of payment for the meeting of tax withholding obligations as the Administrator may determine, amounts payable to the extent permitted by Participant cash having a sufficient value to satisfy the Tax Obligations, or (f) any other means which the Committee, in its sole discretion, determines to both comply with Applicable Laws or (vi) any combination Laws, and to be consistent with the purposes of the foregoing methods of payment. Plan. The amount of the withholding requirement Tax Obligations will be deemed to include any amount which that the Administrator Committee agrees may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or local marginal income tax rates applicable to the Participant or the Company, as applicable, with respect to the Award on the date that the amount of tax or social insurance liability to be withheld or remitted is to be determined. The fair market value Fair Market Value of the Shares shares to be withheld or delivered will shall be determined as of the date that the taxes Tax Obligations are required to be withheld. View More
Tax Withholding. (a) Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or the exercise thereof), or at such other time as the Company will Tax Obligations are due, the Company, in accordance with the Code and any Applicable Laws, shall have the power and the right to deduct or withhold, or require a Participant Grantee to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign all Tax Obligations. The Administrator may, in its discretion, con...dition such delivery, payment, or other taxes (including event pursuant to an Award on the Participant's FICA obligation) required to be withheld with respect to payment by the Grantee of any such Award (or exercise thereof). Tax Obligations. 14 (b) Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit designate the method or methods by which a Participant Grantee may satisfy the Tax Obligations. As determined by the Administrator in its discretion from time to satisfy such tax withholding obligation, in whole time, these methods may include one or in part by (without limitation) more of the following: (i) paying cash, cash; (ii) electing to have the Company withhold otherwise deliverable cash or Shares having a fair market value Fair Market Value equal to the minimum statutory amount required to be withheld, withheld; (iii) delivering to the Company already-owned Shares having a fair market value Fair Market Value equal to the statutory minimum amount required to be withheld, withheld or remitted, provided the delivery of such Shares will not result in any adverse accounting consequences, consequences as the Administrator determines in its sole discretion, discretion; (iv) selling a sufficient number of Shares otherwise deliverable to the Participant Grantee through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount -14- Tax Obligations required to be withheld, withheld; (v) such retaining from salary or other consideration and method of payment for the meeting of tax withholding obligations as the Administrator may determine, amounts payable to the extent permitted by Grantee cash having a sufficient value to satisfy the Tax Obligations; or any other means which the Administrator, in its sole discretion, determines to both comply with Applicable Laws or (vi) any combination Laws, and to be consistent with the purposes of the foregoing methods of payment. Plan. The amount of the withholding requirement Tax Obligations will be deemed to include any amount which that the Administrator agrees may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or state, local and foreign marginal income tax rates applicable to the Participant Grantee or the Company, as applicable, with respect to the Award on the date that the amount of tax or social insurance liability to be withheld or remitted is to be determined. The fair market value Fair Market Value of the Shares to be withheld or delivered will shall be determined as of the date that the taxes Tax Obligations are required to be withheld. View More
Tax Withholding. (a) Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or the exercise thereof), or at such other time as the Company will Tax Obligations are due, the Company, in accordance with the Code and any Applicable Laws, shall have the power and the right to deduct or withhold, or require a Participant Grantee to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign all Tax Obligations. The Administrator may, in its discretion, con...dition such delivery, payment, or other taxes (including event pursuant to an Award on the Participant's FICA obligation) required to be withheld with respect to payment by the Grantee of any such Award (or exercise thereof). Tax Obligations. (b) Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit designate the method or methods by which a Participant Grantee may satisfy the Tax Obligations. As determined by the Administrator in its discretion from time to satisfy such tax withholding obligation, in whole time, these methods may include one or in part by (without limitation) more of the following: (i) paying cash, cash; (ii) electing to have the Company withhold otherwise deliverable cash or Shares having a fair market value Fair Market Value equal to the minimum statutory amount required to be withheld, withheld; 14 (iii) delivering to the Company already-owned Shares having a fair market value Fair Market Value equal to the statutory minimum amount required to be withheld, withheld or remitted, provided the delivery of such Shares will not result in any adverse accounting consequences, consequences as the Administrator determines in its sole discretion, discretion; (iv) selling a sufficient number of Shares otherwise deliverable to the Participant Grantee through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount -14- Tax Obligations required to be withheld, withheld; (v) such retaining from salary or other consideration and method of payment for the meeting of tax withholding obligations as the Administrator may determine, amounts payable to the extent permitted by Applicable Laws Grantee cash having a sufficient value to satisfy the Tax Obligations; or (vi) any combination other means which the Administrator, in its sole discretion, determines to both comply with Applicable Laws, and to be consistent with the purposes of the foregoing methods of payment. Plan. The amount of the withholding requirement Tax Obligations will be deemed to include any amount which that the Administrator agrees may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or state, local and foreign marginal income tax rates applicable to the Participant Grantee or the Company, as applicable, with respect to the Award on the date that the amount of tax or social insurance liability to be withheld or remitted is to be determined. The fair market value Fair Market Value of the Shares to be withheld or delivered will shall be determined as of the date that the taxes Tax Obligations are required to be withheld. View More
