Taxes Clause Example with 4 Variations from Business Contracts

This page contains Taxes 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.
Taxes. To the extent that the receipt of Performance Share Units hereunder or the payment upon lapse of any restrictions results in income to Employee for federal or state income tax purposes or in any other cases where the Company holds the view that it is obligated to withhold taxes, Employee will deliver to the Company immediately prior to the time of such receipt or lapse, as the case may be, such amount of money or shares of Common Stock owned by Employee, at Employee's election, as the Company ma...y require to meet its obligation under applicable tax laws or regulations, and, if Employee fails to do so, the Company is authorized to withhold for a number of Performance Share Units or cash or other form of remuneration then or thereafter payable to Employee equal to any tax required to be withheld due to reason of such resulting compensation income. The Performance Share Units are intended to be "short-term deferrals" exempt from Section 409A of the Internal Revenue Code and will be construed and interpreted accordingly. View More

Variations of a "Taxes" Clause from Business Contracts

Taxes. To the extent that the receipt of Performance Share Restricted Stock Units hereunder or the payment upon lapse of any restrictions results in income to Employee for federal or state income tax purposes or in any other cases case where the Company holds the view that it is obligated to withhold taxes, Employee will shall deliver to the Company immediately prior to the time of such receipt or lapse, as the case may be, such amount of money or shares of Common Stock owned by Employee, at Employee's... election, as the Company may require to meet its obligation under applicable tax laws or regulations, and, if Employee fails to do so, the Company is authorized to withhold for a number of Performance Share vested Restricted Stock Units or cash or other form of remuneration then or thereafter payable to Employee equal to any tax required to be withheld due to reason of such resulting compensation income. The Performance Share -2- 8.Changes in Capital Structure. As more fully described in the Plan, if the outstanding shares of Common Stock at any time are changed or exchanged by declaration of a stock dividend, stock split, combination of shares, or recapitalization, the number and kind of Restricted Stock Units are intended to be "short-term deferrals" exempt from Section 409A of the Internal Revenue Code and will be construed appropriately and interpreted accordingly. equitably adjusted so as to maintain their equivalence to the proportionate number of shares. View More
Taxes. (a) To the extent that the receipt of Performance Share Units or Restricted Stock hereunder or the payment upon lapse of any restrictions results in income to Employee for federal or state income tax purposes or in any other cases where the Company holds the view that it is obligated to withhold taxes, Employee will shall deliver to the Company immediately prior to the time of such receipt or lapse, as the case may be, such amount of money or shares of Common Stock owned by Employee, at Employee...'s election, as the Company may require to meet its obligation under applicable tax laws or regulations, and, if Employee fails to do so, the Company is authorized to withhold for a number of Performance Share Units or Restricted Stock (as applicable) or cash or other form of remuneration then or thereafter payable to Employee equal to any tax required to be withheld due to reason of such resulting compensation income. The Performance Share Units are intended to be "short-term deferrals" exempt from Section 409A of the Internal Revenue Code and will be construed and interpreted accordingly. (b) Employee will be permitted to make an election under Section 83(b) of the Internal Revenue Code to include an amount in income in respect of the shares of Restricted Stock in accordance with the requirements of Section 83(b) of the Internal Revenue Code. Any such election must be made within 30 days following the Conversion Date, will require filing of such election with the Internal Revenue Service and the Company and will require arrangements for withholding to be made pursuant to Section 9(a) as of such date. The Company does not provide tax advice with respect to the advisability of making a Section 83(b) election, and Employee is strongly encouraged to consult with their his or her own tax advisor regarding the consequences of making a Section 83(b) election. View More
Taxes. To the extent that the receipt of Performance Share Restricted Stock Units hereunder or the payment upon lapse of any restrictions results in income to Employee for federal or state income tax purposes or in any other cases case where the Company holds the view that it is obligated to withhold taxes, Employee will deliver to the Company immediately prior to the time of such receipt or lapse, as the case may be, such amount of money or shares of Common Stock owned by Employee, at Employee's elect...ion, as the Company may require to meet its obligation under applicable tax laws or regulations, and, if Employee fails to do so, the Company is authorized to withhold for a number of Performance Share vested Restricted Stock Units or cash or other form of remuneration then or thereafter payable to Employee equal to any tax required to be withheld due to reason of such resulting compensation income. The Performance Share Units are intended to be "short-term deferrals" exempt from Section 409A of the Internal Revenue Code and will be construed and interpreted accordingly. View More
Taxes. To the extent that the receipt of Performance Share the Restricted Stock Units hereunder or the payment upon lapse of any restrictions results in income to Employee for federal or state income tax purposes or in any other cases where the Company holds the view that it is obligated to withhold taxes, Employee will shall deliver to the Company immediately prior to the time of such receipt or lapse, as the case may be, such amount of money or shares of Common Stock owned by Employee, at Employee's ...election, as the Company may require to meet its obligation under applicable tax laws or regulations, and, if Employee fails to do so, the Company is authorized to withhold from the payment for a number of Performance Share vested Restricted Stock Units or from any cash or other form of remuneration then or thereafter payable to Employee an amount equal to any tax required to be withheld due to by reason of such resulting compensation income. The Performance Share Restricted Stock Units are intended to be "short-term deferrals" exempt from Section 409A of the U. S. Internal Revenue Code Code, as amended, and will be construed and interpreted accordingly. View More