Taxes Clause Example with 8 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. (a) This Section 7(a) applies only to (a) all Grantees who are U.S. employees, and (b) to those Grantees who are employed by a Subsidiary of the Company that is obligated under applicable local law to withhold taxes with respect to the settlement of the Restricted Shares. Such Grantee shall pay to the Company or a designated Subsidiary, promptly upon request, and in any event at the time the Grantee recognizes taxable income with respect to the Restricted Shares, an amount equal to the taxes the... Company determines it is required to withhold under applicable tax laws with respect to the Restricted Shares. The Grantee may satisfy the foregoing requirement by making a payment to the Company in cash or by delivering already owned unrestricted Shares or by having the Company withhold a number of Shares in which the Grantee would otherwise become vested under this Agreement, in each case, having a value equal to the minimum amount of tax required to be withheld. Such Shares shall be valued at their Fair Market Value on the date as of which the amount of tax to be withheld is determined. (b) The Grantee acknowledges that the tax laws and regulations applicable to the Restricted Shares and the disposition of the shares following the settlement of Restricted Shares are complex and subject to change.View More
Variations of a "Taxes" Clause from Business Contracts
Taxes. (a) This Section 7(a) 4(a) applies only to (a) all Grantees who are U.S. employees, and (b) to those Grantees who are employed by a Subsidiary of the Company that is obligated under applicable local law to withhold taxes with respect to the settlement of the Restricted Shares. Stock Units. Such Grantee shall pay to the Company or a designated Subsidiary, promptly upon request, and in any event at the time the Grantee recognizes taxable income with respect to the Restricted Shares, Stock Units, a...n amount equal to the taxes the Company Lands' End determines it is required to withhold under applicable tax laws with respect to the Restricted Shares. Stock Units. The Grantee may satisfy the foregoing requirement by making a payment to the Company Lands' End in cash or by delivering already owned unrestricted Shares or by having the Company Lands' End withhold a number of Shares in which the Grantee would otherwise become vested under this Agreement, in each case, having a value equal to the minimum amount of tax required to be withheld. Such Shares shall be valued at their Fair Market Value fair market value on the date as of which the amount of tax to be withheld is determined. In the event that the withholding obligation arises during a period in which the Grantee is prohibited from trading in the Common Stock pursuant to the Company's insider trading policy, or by applicable securities or other laws, then unless otherwise elected by the Grantee during a period when he or she was not so restricted from trading, the Company shall automatically satisfy the Grantee's withholding obligation by withholding from Shares otherwise deliverable under this Agreement. (b) The Grantee acknowledges that the tax laws and regulations applicable to the Restricted Shares Stock Units and the disposition of the shares following the settlement of Restricted Shares Stock Units are complex and subject to change. (c) With respect to each individual who was an executive officer of the Company and subject to Section 16 of the Exchange Act on the Grant Date only, the Compensation Committee in approving this award has consented to payment of tax withholding obligations under subsection (a), or a combination of the methods set forth in subsections (a), as the Grantee may elect during such time periods as the Company may permit in compliance with all applicable legal requirements. If no such election is made, the Grantee's withholding obligation will automatically be satisfied by withholding from Shares otherwise deliverable under this Agreement. 3 5. Protections Against Violations of Agreement. No purported sale, assignment, mortgage, hypothecation, transfer, pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any of the Restricted Stock Units by any holder thereof in violation of the provisions of this Agreement or the Certificate of Incorporation or the Bylaws of the Company, will be valid, and the Company will not transfer any shares resulting from the settlement of Restricted Stock Units on its books nor will any of such shares be entitled to vote, nor will any dividends be paid thereon, unless and until there has been full compliance with such provisions to the satisfaction of the Company. The foregoing restrictions are in addition to and not in lieu of any other remedies, legal or equitable, available to enforce such provisions. View More
Taxes. (a) This Section 7(a) applies only to (a) all Grantees Participants who are U.S. employees, and (b) to those Grantees Participants who are employed by a Subsidiary of the Company that is obligated under applicable local law to withhold taxes with respect to the settlement of the Restricted Shares. Market Share Units. Such Grantee Participant shall pay to the Company or a designated Subsidiary, promptly upon request, and in any event at the time the Grantee Participant recognizes taxable income w...ith respect to the Restricted Shares, Market Share Units, an amount equal to the taxes the Company determines it is required to withhold under applicable tax laws with respect to the Restricted Shares. Market Share Units. The Grantee Participant may satisfy the foregoing requirement by making a payment to the Company in cash or or, with the approval of the Plan administrator, by delivering already owned unrestricted Shares shares of Common Stock or by having the Company withhold a number of Shares shares of Common Stock in which the Grantee Participant would otherwise become vested under this Agreement, in each case, having a value equal to the minimum amount of tax required to be withheld. Such Shares shares shall be valued at their Fair Market Value fair market value on the date as of which the amount of tax to be withheld is determined. 6 of 17 (b) The Grantee Participant acknowledges that the tax laws and regulations applicable to the Restricted Shares Market Share Units and the disposition of the shares following the settlement of Restricted Shares Market Share Units are complex and subject to change. View More
Taxes. (a) This Section 7(a) 4(a) applies only to (a) all Grantees who are U.S. employees, and (b) to those Grantees who are employed by a Subsidiary of the Company that is obligated under applicable local law to withhold taxes with respect to the settlement of the Restricted Shares. Stock Units. Such Grantee shall pay to the Company or a designated Subsidiary, promptly upon request, and in any event at the time the Grantee recognizes taxable income with respect to the Restricted Shares, Stock Units, a...n amount equal to the taxes the Company Lands' 2 End determines it is required to withhold under applicable tax laws with respect to the Restricted Shares. Stock Units. The Grantee may satisfy the foregoing requirement by making a payment to the Company Lands' End in cash or by delivering already owned unrestricted Shares or by having the Company Lands' End withhold a number of Shares in which the Grantee would otherwise become vested under this Agreement, in each case, having a value equal to the minimum amount of tax required to be withheld. Such Shares shall be valued at their Fair Market Value fair market value on the date as of which the amount of tax to be withheld is determined. In the event that the withholding obligation arises during a period in which the Grantee is prohibited from trading in the Common Stock pursuant to the Company's insider trading policy, or by applicable securities or other laws, then unless otherwise elected by the Grantee during a period when he or she was not so restricted from trading, the Company shall automatically satisfy the Grantee's withholding obligation by withholding from Shares otherwise deliverable under this Agreement. (b) The Grantee acknowledges that the tax laws and regulations applicable to the Restricted Shares Stock Units and the disposition of the shares following the settlement of Restricted Shares Stock Units are complex and subject to change. (c) With respect to each individual who was an executive officer of the Company and subject to Section 16 of the Exchange Act on the Grant Date only, the Compensation Committee in approving this award has consented to payment of tax withholding obligations under subsection (a), or a combination of the methods set forth in subsections (a), as the Grantee may elect during such time periods as the Company may permit in compliance with all applicable legal requirements. If no such election is made, the Grantee's withholding obligation will automatically be satisfied by withholding from Shares otherwise deliverable under this Agreement. View More
Taxes. (a) This Section 7(a) applies only to (a) all Grantees Participants who are U.S. employees, and (b) to those Grantees Participants who are employed by a Subsidiary of the Company that is obligated under applicable local law to withhold taxes with respect to the settlement of the Restricted Shares. Stock Units. Such Grantee Participant shall pay to the Company or a designated Subsidiary, promptly upon request, and in any event at the time the Grantee Participant recognizes taxable income 5 of 15 ...with respect to the Restricted Shares, Stock Units, an amount equal to the taxes the Company determines it is required to withhold under applicable tax laws with respect to the Restricted Shares. Stock Units. The Grantee Participant may satisfy the foregoing requirement by making a payment to the Company in cash or or, with the approval of the Plan administrator, by delivering already owned unrestricted Shares or by having the Company withhold a number of Shares in which the Grantee Participant would otherwise become vested under this Agreement, in each case, having a value equal to the minimum amount of tax required to be withheld. Such Shares shall be valued at their Fair Market Value fair market value on the date as of which the amount of tax to be withheld is determined. (b) The Grantee Participant acknowledges that the tax laws and regulations applicable to the Restricted Shares Stock Units and the disposition of the shares following the settlement of Restricted Shares Stock Units are complex and subject to change. View More
Taxes. (a) This Section 7(a) 5(a) applies only to (a) all Grantees Participants who are U.S. employees, and (b) to those Grantees Participants who are employed by a Subsidiary subsidiary of the Company that is obligated under applicable local law to withhold taxes with respect to the settlement of the Shares of Restricted Shares. Stock. Such Grantee Participant shall pay to the Company or a designated Subsidiary, subsidiary, promptly upon request, and in any event at the time the Grantee Participant re...cognizes taxable income with respect to the Shares of Restricted Shares, Stock, an amount equal to the taxes the Company determines it is required to withhold under applicable tax laws with respect to the Shares of Restricted Shares. Stock. The Grantee Participant may satisfy the foregoing requirement by making a payment to the Company in cash or or, with the approval of the Plan administrator, by delivering already owned unrestricted Shares or by having the Company withhold a number of Shares in which the Grantee Participant would otherwise become vested under this Agreement, in each case, having a value equal to the minimum amount of tax required to be withheld. Such Shares shall be valued at their Fair Market Value fair market value on the date as of which the amount of tax to be withheld is determined. 2 (b) The Grantee Participant acknowledges that the tax laws and regulations applicable to the Shares of Restricted Shares Stock and the disposition of the shares following the settlement of Shares of Restricted Shares Stock are complex and subject to change. View More
Taxes. (a) This Section 7(a) 4(a) applies only to (a) all Grantees who are U.S. employees, and (b) to those Grantees who are employed by a Subsidiary of the Company that is obligated under applicable local law to withhold taxes with respect to the settlement of the Restricted Shares. Share Units. Such Grantee shall pay to the Company or a designated Subsidiary, promptly upon request, and in any event at the time the Grantee recognizes taxable income with respect to the Restricted Shares, Share Units, a...n amount equal to the taxes the Company determines it is required to withhold under applicable tax laws with respect to the Restricted Shares. Share Units. The Grantee may satisfy the foregoing requirement by making a payment to the Company in cash or by delivering already owned unrestricted Shares or by having the Company withhold a number of Shares in which the Grantee would otherwise become vested under this Agreement, in each case, having a value equal to the minimum amount of tax required to be withheld. Such Shares shall be valued at their Fair Market Value fair market value on the date as of which the amount of tax to be withheld is determined. (b) The Grantee acknowledges that the tax laws and regulations applicable to the Restricted Shares Share Units and the disposition of the shares following the settlement of Restricted Shares Share Units are complex and subject to change. 2 5. Protections Against Violations of Agreement. No purported sale, assignment, mortgage, hypothecation, transfer, pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any of the Restricted Share Units by any holder thereof in violation of the provisions of this Agreement or the Declaration of Trust or the Bylaws of the Company, will be valid, and the Company will not transfer any shares resulting from the settlement of Restricted Share Units on its books nor will any of such shares be entitled to vote, nor will any dividends be paid thereon, unless and until there has been full compliance with such provisions to the satisfaction of the Company. The foregoing restrictions are in addition to and not in lieu of any other remedies, legal or equitable, available to enforce such provisions. View More
Taxes. (a) This Section 7(a) 4(a) applies only to (a) all Grantees who are U.S. employees, and (b) to those Grantees who are employed by a Subsidiary of the Company that is obligated under applicable local law to withhold taxes with respect to the settlement of the Restricted Shares. P-RSUs. Such Grantee shall pay to the Company or a designated Subsidiary, promptly upon request, and in any event at the time the Grantee recognizes taxable income with respect to the Restricted Shares, P-RSUs, an amount e...qual to the taxes the Company determines it is required to withhold under applicable tax laws with respect to the Restricted Shares. P-RSUs. The Grantee may satisfy the foregoing requirement by making a payment to the Company in cash or by delivering already owned unrestricted Shares or by having the Company withhold a number of Shares in which the Grantee would otherwise become vested under this Agreement, in each case, having a value equal to the minimum amount of tax required to be withheld. Such Shares shall be valued at their Fair Market Value fair market value on the date as of which the amount of tax to be withheld is determined. (b) The Grantee acknowledges that the tax laws and regulations applicable to the Restricted Shares P-RSUs and the disposition of the shares following the settlement of Restricted Shares P-RSUs are complex and subject to change. View More
Taxes. (a) This Section 7(a) 4(a) applies only to (a) all Grantees who are U.S. employees, and (b) to those Grantees who are employed by a Subsidiary of the Company that is obligated under applicable local law to withhold taxes with respect to the settlement of the Restricted Shares. RSUs. Such Grantee shall pay to the Company or a designated Subsidiary, promptly upon request, and in any event at the time the Grantee recognizes taxable income with respect to the Restricted Shares, RSUs, an amount equal... to the taxes the Company determines it is required to withhold under applicable tax laws with respect to the Restricted Shares. RSUs. The Grantee may satisfy the foregoing requirement by making a payment to the Company in cash or by delivering already owned unrestricted Shares or by having the Company withhold a number of Shares in which the Grantee would otherwise become vested under this Agreement, in each case, having a value equal to the minimum amount of tax required to be withheld. Such Shares shall be valued at their Fair Market Value fair market value on the date as of which the amount of tax to be withheld is determined. (b) The Grantee acknowledges that the tax laws and regulations applicable to the Restricted Shares RSUs and the disposition of the shares following the settlement of Restricted Shares RSUs are complex and subject to change. View More
