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. Pursuant to the applicable provisions of the Plan, the Company or its designated representative shall have the right to withhold applicable taxes from the common units and cash amount otherwise payable to the Participant due to the vesting of Performance Units pursuant to Paragraph 2, or from other compensation payable to the Participant (to the extent consistent with Section 409A of the Code), at the time of the vesting of the Performance Units and delivery of the cash settlement amount. Becaus...e the Participant is an employee of MPC, and provides beneficial services to the Company through Participant's employment with MPC, MPC as the employer of Participant, shall be the designated representative for purposes of payroll administration of the Award and withholding of applicable taxes at the time of vesting. View More
Found in Marathon Petroleum contract

Variations of a "Taxes" Clause from Business Contracts

Taxes. Pursuant to the applicable provisions of the Plan, the Company or its designated representative shall have the right to withhold applicable taxes from the common units and cash amount Units otherwise payable deliverable to the Participant due to the vesting of Performance Phantom Units pursuant to Paragraph 2, or from other compensation payable to the Participant (to the extent consistent with Section 409A of the Code), Participant, at the time of the vesting of the Performance Units and deliver...y of the cash settlement amount. such Units. Because the Participant is an employee of MPC, Marathon Petroleum Corporation ("MPC"), and provides beneficial services to the Company through Participant's employment Employment with MPC, 2 MPC as the employer of Participant, Participant shall be the designated representative for purposes of payroll administration of the Award and withholding of applicable taxes at the time of vesting. View More
Found in Marathon Petroleum contract
Taxes. Pursuant to the applicable provisions of the Plan, the Company or its designated representative shall have the right to withhold applicable taxes from the common units and cash amount Units otherwise payable deliverable to the Participant due to the vesting of Performance Phantom Units pursuant to Paragraph 2, or from other compensation payable to the Participant (to the extent consistent with Section 409A of the Code), Participant, at the time of the vesting of the Performance Units and deliver...y of the cash settlement amount. such Units. Because the Participant is an employee of MPC, 2 Marathon Petroleum Corporation ("MPC"), and provides beneficial services to the Company through Participant's employment Employment with MPC, MPC as the employer of Participant, Participant shall be the designated representative for purposes of payroll administration of the Award and withholding of applicable taxes at the time of vesting. View More
Found in MPLX LP contract
Taxes. Pursuant to the applicable provisions of the Plan, the Company or its designated representative shall have the right to withhold applicable taxes from the common units and cash amount Units otherwise payable deliverable to the Participant due to the vesting of Performance Phantom Units pursuant to Paragraph 2, or from other compensation payable to the Participant (to the extent consistent with Section 409A of the Code), Participant, at the time of the vesting of the Performance Units and deliver...y of the cash settlement amount. such Units. Because the Participant is an employee of MPC, Marathon Petroleum Corporation, the parent corporation of the Company ("MPC"), and provides beneficial services to the Company through Participant's employment Employment with MPC, MPC as the employer of Participant, Participant shall be the designated representative for purposes of payroll administration of the Award and withholding of applicable taxes at the time of vesting. View More
Found in Marathon Petroleum contract
Taxes. Pursuant to the applicable provisions of the Plan, the Company or its designated representative shall have the right to withhold applicable taxes from the common units and cash amount Units otherwise payable deliverable to the Participant due to the vesting of Performance Phantom Units pursuant to Paragraph 2, or from other compensation payable to the Participant (to the extent consistent with Section 409A of the Code), Participant, at the time of the vesting of the Performance Units and deliver...y of the cash settlement amount. such Units. Because the Participant is an employee of MPC, Marathon Petroleum Corporation ("MPC"), and provides beneficial services to the Company through Participant's employment Employment with MPC, MPC as the employer of Participant, Participant shall be the designated representative for purposes of payroll administration of the Award and withholding of applicable taxes at the time of vesting. View More
Found in MPLX LP contract