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. To the extent that the grant, vesting or issuance of Shares under the Agreement results in income to the Grantee for federal, state or local income, employment, excise or other tax purposes with respect to which the Company or any of its Subsidiaries has a withholding obligation, the Grantee shall deliver to the Company or such Subsidiary at the time of such receipt or lapse, as the case may be, such amount of money as the Company or such Subsidiary may require to meet its obligation under appli...cable tax laws or regulations. If the Grantee fails to do so, the Company or its Subsidiary is authorized to withhold from wages or other amounts otherwise payable to such Grantee the minimum statutory withholding taxes as may be required by law or to take such other action as may be necessary to satisfy such withholding obligations. Subject to restrictions that the Committee, in its sole discretion, may impose, the Grantee may satisfy such obligation for the payment of such taxes by tendering previously acquired Shares (either actually or by attestation, valued at their then Fair Market Value) that have been owned for a period of at least six months (or such other period to avoid accounting charges against the Company's earnings), or by directing the Company to retain Shares (up to the Grantee's minimum required tax withholding rate or such other rate that will not trigger a negative accounting impact) otherwise deliverable under this Agreement. The Company shall not be obligated to issue any Shares granted hereunder until all applicable federal, state and local income, employment, excise or other tax withholding requirements have been satisfied.View More
Variations of a "Tax Withholding" Clause from Business Contracts
Tax Withholding. To the extent that the grant, receipt of the RSUs or the Agreement, the vesting of the RSUs or issuance of Shares a distribution under the Agreement results in income to the Grantee Recipient for federal, state or local income, employment, excise or other tax purposes with respect to which the Company or any of its Subsidiaries has a withholding obligation, the Grantee Recipient shall deliver to the Company or such Subsidiary at the time of such receipt receipt, vesting or lapse, distribution, a...s the case may be, such amount of money as the Company or such Subsidiary may require to meet its obligation under applicable tax laws or regulations. If the Grantee Recipient fails to do so, the Company or any of its Subsidiary Subsidiaries is authorized to withhold from wages or other amounts otherwise payable to such Grantee Recipient the minimum statutory withholding taxes as may be required by law or to take such other action as may be necessary to satisfy such withholding obligations. Subject to restrictions that the Committee, in its sole discretion, may impose, the Grantee Recipient may satisfy such obligation for the payment of such 3 taxes by tendering previously acquired Shares (either actually or by attestation, valued at their then Fair Market Value) that have been owned for a period of at least six months (or such other period to avoid accounting charges against the Company's earnings), or by directing the Company to retain Shares (up to the Grantee's Recipient's minimum required tax withholding rate or such other rate that will not trigger a negative accounting impact) otherwise deliverable under this Agreement. The Company shall not be obligated to issue deliver, transfer or release any Shares granted hereunder upon the vesting of the RSUs until all applicable federal, state and local income, employment, excise or other tax withholding requirements have been satisfied. View More
Tax Withholding. To the extent that the grant, vesting receipt of the Restricted Shares or issuance the lapse of Shares under the Agreement any Forfeiture Restrictions results in income to the Grantee Recipient for federal, state or local income, employment, excise or other tax purposes with respect to which the Company or any of its Subsidiaries has a withholding obligation, obligation (including, but not limited to, any 6 such withholding obligation resulting from an election described in Section 8 of this Agr...eement), the Grantee Recipient shall deliver to the Company or such Subsidiary at the time of such receipt or lapse, as the case may be, such amount of money as the Company or such Subsidiary may require to meet its obligation under applicable tax laws or regulations. If the Grantee Recipient fails to do so, the Company or any of its Subsidiary Subsidiaries is authorized to withhold from wages or other amounts otherwise payable to such Grantee Recipient the minimum statutory withholding taxes as may be required by law or to take such other action as may be necessary to satisfy such withholding obligations. Subject to restrictions that the Committee, in its sole discretion, may impose, the Grantee Recipient may satisfy such obligation for the payment of such taxes by tendering previously acquired Shares (either actually or by attestation, valued at their then Fair Market Value) that have been owned for a period of at least six months (or such other period to avoid accounting charges against the Company's earnings), or by directing the Company to retain Shares (up to the Grantee's Recipient's minimum required tax withholding rate or such other rate that will not trigger a negative accounting impact) otherwise deliverable under this Agreement. The Company shall not be obligated to issue deliver or release any Shares granted hereunder hereby until all applicable federal, state and local income, employment, excise or other tax withholding requirements have been satisfied. View More
Tax Withholding. To the extent that the grant, vesting receipt of the Restricted Shares or issuance the lapse of Shares under the Agreement any Forfeiture Restrictions results in income to the Grantee Recipient for federal, state or local income, employment, excise or other tax purposes with respect to which the Company or any of its Subsidiaries has a withholding obligation, obligation (including, but not limited to, any such withholding obligation resulting from an election described in Section 8 of this Agree...ment), the Grantee Recipient shall deliver to the Company or such Subsidiary at the time of such receipt or lapse, as the case may be, such amount of money as the Company or such Subsidiary may require to meet its obligation under applicable tax laws or regulations. If the Grantee Recipient fails to do so, the Company or any of its Subsidiary Subsidiaries is authorized to withhold from wages or other amounts otherwise payable to such Grantee Recipient the minimum statutory withholding taxes as may be required by law or to take such other action as may be necessary to satisfy such withholding obligations. Subject to restrictions that the Committee, in its sole discretion, may impose, the Grantee Recipient may satisfy such obligation for the payment of such taxes by tendering previously acquired Shares (either actually or by attestation, valued at their then Fair Market Value) that have been owned for a period of at least six months (or such other period to avoid accounting charges against the 6 Company's earnings), or by directing the Company to retain Shares (up to the Grantee's Recipient's minimum required tax withholding rate or such other rate that will not trigger a negative accounting impact) otherwise deliverable under this Agreement. The Company shall not be obligated to issue deliver or release any Shares granted hereunder hereby until all applicable federal, state and local income, employment, excise or other tax withholding requirements have been satisfied. View More
Tax Withholding. To the extent that the grant, receipt of the RSUs or the Agreement, the vesting of the RSUs or issuance of Shares a distribution under the Agreement results in income to the Grantee Recipient for federal, state or local income, employment, excise or other tax purposes with respect to which the Company or any of its Subsidiaries has a withholding obligation, the Grantee Recipient shall deliver to the Company or such Subsidiary at the time of such receipt receipt, vesting or lapse, distribution, a...s the case may be, such amount of money as the Company or such Subsidiary may require to meet its obligation under applicable tax laws or regulations. If the Grantee Recipient fails to do so, the Company or any of its Subsidiary Subsidiaries is authorized to withhold from wages or other amounts otherwise payable to such Grantee Recipient the minimum statutory withholding taxes as may be required by law or to take such other action as may be necessary to satisfy such withholding obligations. Subject to restrictions that the Committee, in its sole discretion, may impose, the Grantee Recipient may satisfy such obligation for the payment of such taxes by tendering previously acquired Shares (either actually or by attestation, valued at their then Fair Market Value) that have been owned for a period of at least six months (or such other period to avoid accounting charges against the Company's earnings), or by directing the Company to retain Shares (up to the Grantee's Recipient's minimum required tax withholding rate or such other rate that will not trigger a negative accounting impact) otherwise deliverable under this Agreement. The Company shall not be obligated to issue deliver, transfer or release any Shares granted hereunder upon the vesting of the RSUs until all applicable federal, state and local income, employment, excise or other tax withholding requirements have been satisfied. View More
