Taxes Clause Example from Business Contracts

Taxes. The Corporation shall retain and withhold from the award of Performance Stock, the amount of taxes required by any government to be withheld to satisfy minimum statutory tax withholding obligations with respect to such award. The Corporation shall retain and withhold a number of shares of the Vested Performance Stock having a Fair Market Value as of the date the shares become Vested that is not less than the amount of such tax withholding obligation, and the Corporation shall cancel in whole or ...in part any such shares so withheld, in order to satisfy the Corporation's withholding obligations. View More