Tax Withholding Clause Example with 11 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. The Company shall have the right to withhold from any cash payment under the Plan or any other compensation owed to a Participant or other person (including a Successor or a Transferee) an amount sufficient to cover any required withholding taxes related to the grant, vesting, exercise or settlement of an Award or a Prior Plan Award. The Company shall have the right to require a Participant or other person receiving Shares under the Plan to pay the Company a cash amount sufficient to cover any r...equired withholding taxes before actual receipt of those Shares. In lieu of all or any part of a cash payment from a person receiving Shares under the Plan, the Committee may permit the individual to cover all or any part of the required withholdings (but not to exceed the maximum individual statutory tax rate in each applicable jurisdiction) through a reduction of the number of Shares delivered or delivery or tender to the Company of Shares held by the Participant or other person, in each case valued in the same manner as used in computing the withholding taxes under the applicable laws. View More
Found in Digi International Inc. contract

Variations of a "Tax Withholding" Clause from Business Contracts

Tax Withholding. The Company shall have the right to withhold from any cash payment under the Plan or any other compensation owed to a Participant or other person (including a Successor or a Transferee) an amount sufficient to cover any required withholding taxes related to the grant, vesting, exercise or settlement of an Award or a Prior Plan Award. The Company shall have the right to require a Participant or other person receiving Shares under the Plan to pay the Company a cash amount sufficient to cover any r...equired withholding taxes before actual receipt of those Shares. taxes. In lieu of all or any part of such a cash payment from a person receiving Shares under the Plan, the Committee may permit the individual to elect to cover all or any part of the required withholdings, and to cover any additional withholdings (but not up to exceed the maximum individual statutory amount needed to cover the individual's full FICA, federal, state, and local income tax rate in each applicable jurisdiction) with respect to income arising from payment of the Award, through a reduction of the number of Shares delivered to him or delivery or tender a subsequent return to the Company of Shares held by the Participant or other person, in each case valued in the same manner as used in computing the withholding taxes under the applicable laws. View More
Found in HICKORY TECH CORP contract
Tax Withholding. The Company or any Affiliate, as applicable, shall have the right to (i) withhold from any cash payment under the Plan or any other compensation owed to a Participant or other person (including a Successor or a Transferee) an amount sufficient to cover any required withholding taxes related to the grant, vesting, exercise or settlement of an Award or a Prior Plan Award. The Company shall have the right to Award, and (ii) require a Participant or other person receiving Shares under the Plan to pa...y the Company a cash amount sufficient to cover any required withholding taxes before actual receipt of those Shares. In lieu of all or any part of a cash payment from a person receiving Shares under the Plan, the Committee may permit the individual to cover all or any part of the required tax withholdings (but not to exceed the maximum individual minimum statutory tax rate in each applicable jurisdiction) through amount required to be withheld if such limitation is necessary to avoid an adverse accounting impact) by authorizing the Company to withhold a reduction number of the number of Shares that would otherwise be delivered to the Participant, or delivery or tender by delivering to the Company of Shares held already owned by the Participant Participant, with the Shares so withheld or other person, in each case valued in delivered having a Fair Market Value on the same manner as used in computing date the withholding taxes under are required to be withheld equal to the applicable laws. amount of taxes to be withheld. View More
Found in HURCO COMPANIES INC contract
Tax Withholding. The Company shall have the right to withhold from any cash payment under the Plan or any other compensation owed to a Participant or other person (including a Successor or a Transferee) an amount sufficient to cover any required withholding taxes related to the grant, vesting, exercise or settlement of an Award or a Prior Plan Award. The Company shall have the right to require a Participant or other person receiving Shares under the Plan to pay the Company a cash amount sufficient to cover any r...equired withholding taxes before actual receipt of those Shares. In lieu of all or any part of a cash payment from a person receiving Shares under the Plan, the Committee may permit may, in its discretion, require that the individual to cover all or any part of the required withholdings (but not to exceed the maximum individual statutory tax rate in each applicable jurisdiction) through a reduction of the number of Shares delivered or delivery or tender return to the Company of Shares held by the Participant or other person, in each case valued in the same manner as used in computing the withholding taxes under the applicable laws. laws; provided, however, that in the case of Share withholding the amount withheld may not exceed the amount determined by applying the Participant's or beneficiary's minimum statutory withholding rate. View More
Found in RLI Corp. contract
Tax Withholding. The Company or any Affiliate, as applicable, shall have the right to (i) withhold from any cash payment under the Plan or any other compensation owed to a Participant or other person (including a Successor or a Transferee) an amount sufficient to cover any required withholding taxes related to the grant, vesting, exercise or settlement of an Award or a Prior Plan Award. The Company shall have the right to Award, and (ii) require a Participant or other person receiving Shares under the Plan to pa...y the Company a cash amount sufficient to cover any required withholding taxes before actual receipt of those Shares. In lieu of all or any part of a cash payment from a person receiving Shares under the Plan, the Committee a Participant may permit the individual elect to cover satisfy all or any part of the required withholdings tax withholding obligations (but not to exceed the maximum individual statutory tax rate in each applicable jurisdiction) through by authorizing the Company to withhold a reduction number of the number of Shares that would otherwise be delivered to the Participant pursuant to the Award, or delivery or tender by transferring to the Company of Shares held already owned by the Participant Participant, with the Shares so withheld or other person, in each case valued in delivered having a Fair Market Value on the same manner as used in computing date the withholding taxes under are required to be withheld equal to the applicable laws. amount of taxes to be withheld. View More
Found in HMN FINANCIAL INC contract
Tax Withholding. The Company or any Affiliate, as applicable, shall have the right to (i) withhold from any cash payment under the Plan or any other compensation owed to a Participant or other person (including a Successor or a Transferee) an amount sufficient to cover any required withholding taxes related to the grant, vesting, exercise or settlement of an Award or a Prior Plan Award. The Company shall have the right to Award, and (ii) require a Participant or other person receiving Shares under the Plan to pa...y the Company a cash amount sufficient to cover any required withholding taxes before actual receipt of those Shares. In lieu of all or any part of a cash payment from a person receiving Shares under the Plan, the Committee may permit the individual Participant to cover satisfy all or any part of the required withholdings tax withholding obligations (but not to exceed the maximum individual statutory tax rate in each applicable jurisdiction) through by authorizing the Company to withhold a reduction number of the number of Shares that would otherwise be delivered to the Participant pursuant to the Award, or delivery or tender by transferring to the Company of Shares held already owned by the Participant Participant, with the Shares so withheld or other person, in each case valued in delivered having a Fair Market Value on the same manner as used in computing date the withholding taxes under are required to be withheld equal to the applicable laws. amount of taxes to be withheld. View More
Found in 5 Contracts from 4 Companies
Tax Withholding. The Company or any Affiliate, as applicable, shall have the right to (i) withhold from any cash payment under the Plan or any other compensation owed to a Participant or other person (including a Successor or a Transferee) an amount sufficient to cover any required withholding taxes related to the grant, vesting, exercise or settlement of an Award or a Prior Plan Award. The Company shall have the right to Award, and (ii) require a Participant or other person receiving Shares under the Plan to pa...y the Company a cash amount sufficient to cover any required withholding taxes before actual receipt of those Shares. In lieu of all or any part of a cash payment from a person receiving Shares under the Plan, the Committee may permit the individual Participant to cover satisfy all or any part of the required withholdings tax withholding obligations (but not to exceed the maximum individual statutory tax rate in each applicable jurisdiction) through by authorizing the Company to withhold a reduction number of the number of Shares that would otherwise be delivered to the Participant pursuant to the Award, or delivery or tender by delivering to the Company of Shares held already owned by the Participant Participant, with the Shares so withheld or other person, in each case valued in delivered having a Fair Market Value on the same manner as used in computing date the withholding taxes under are required to be withheld equal to the applicable laws. amount of taxes to be withheld. View More
Found in Shoe Carnival, Inc. contract
Tax Withholding. The Company or any Subsidiary, as applicable, shall have the right to (i) withhold from any cash payment made under the Plan or any other compensation or payments owed to a Participant or other person (including a Successor or a Transferee) an amount sufficient to cover any required withholding taxes (including income taxes, social insurance contributions, payments on account or any other taxes or charges owed by Participant) related to the grant, vesting, exercise or settlement of an Award or a... Prior Plan Award. The Company shall have the right to Award, and (ii) require a Participant or other person receiving Shares under the Plan to pay the Company a cash amount sufficient to cover any required withholding taxes (as described above) before actual receipt of those Shares. In lieu of all or any part of a cash payment from a person receiving Shares under the Plan, the Committee may permit the individual to cover all or any part of the required withholdings (but not (up to exceed the maximum individual statutory Participant's minimum required tax rate in each applicable jurisdiction) withholding rate, if any) through a reduction of in the number of Shares delivered or a delivery or tender to the Company of Shares held by the Participant or other person, in each case valued in the same manner as used in computing the withholding taxes under the applicable laws. View More
Found in Target contract
Tax Withholding. The Company or any Affiliate, as applicable, shall have the right to (i) withhold from any cash payment under the Plan or any other compensation owed to a Participant or other person (including a Successor or a Transferee) an amount sufficient to cover any required withholding taxes related to the grant, vesting, exercise or settlement of an Award or a Prior Plan Award. The Company shall have the right to Award, and (ii) require a Participant or other person receiving Shares under the Plan to pa...y the Company a cash amount sufficient to cover any required withholding taxes before actual receipt of those Shares. In lieu of all or any part of a cash payment from a person receiving Shares under the Plan, the Committee may permit the individual to cover all or any part of the required withholdings (but not (up to exceed the maximum individual statutory Participant's minimum required tax rate in each applicable jurisdiction) withholding rate) through a reduction of in the number of Shares delivered or through a delivery (either actually or tender by attestation) to the Company of Shares held by the Participant or other person, in each case valued in the same manner as used in computing the withholding taxes under the applicable laws. View More
Found in C. H. Robinson Worldwide contract
Tax Withholding. The Company or any Affiliate, as applicable, shall have the right to (i) withhold from any cash payment under the Plan or any other compensation owed to a Participant or other person (including a Successor or a Transferee) an amount sufficient to cover any required withholding taxes related to the grant, vesting, exercise or settlement of an Award or a Prior Plan Award. The Company shall have the right to Award, and (ii) require a Participant or other person receiving Shares under the Plan to pa...y the Company a cash amount sufficient to cover any required withholding taxes before actual receipt of those Shares. In lieu of all or any part of a cash payment from a person receiving Shares under the Plan, the Committee may permit the individual to cover all or any part of the required withholdings (but not (up to exceed the maximum individual statutory Participant's minimum required tax rate in each applicable jurisdiction) withholding rate) through a reduction of in the number of Shares delivered or a delivery or tender to the Company of Shares held by the Participant or other person, in each case valued in the same manner as used in computing the withholding taxes under the applicable laws. View More
Found in EVINE Live Inc. contract
Tax Withholding. The Company or any Affiliate, as applicable, shall have the right to (i) withhold from any cash payment under the Plan or any other compensation owed to a Participant or other person (including a Successor or a Transferee) an amount sufficient to cover any required withholding taxes related to the grant, vesting, exercise or settlement of an Award or a Prior Plan Award. The Company shall have the right to Award, and (ii) require a Participant or other person receiving Shares under the Plan to pa...y the Company a cash amount sufficient to cover any required withholding taxes before actual receipt of those Shares. In lieu of all or any part of a cash payment from a person receiving Shares under the Plan, the Committee may permit the individual to cover all or any part of the required withholdings (but not (up to exceed the Participant's maximum individual statutory tax rate in each applicable jurisdiction) withholding rate) through a reduction of in the number of Shares delivered or a delivery or tender to the Company of Shares held by the Participant or other person, in each case valued in the same manner as used in computing the withholding taxes under the applicable laws. View More
Found in Proto Labs, Inc. contract