Taxes Clause Example with 4 Variations from Business Contracts

Taxes. (a) Unless otherwise required by applicable law, on upon the Settlement Date, (a) settlement of the Award in accordance with Section 4 hereof, the Participant shall recognize taxable income with respect to the RSU Shares to be issued to the Participant and the Dividend Payment will be considered ordinary income for tax purposes and subject to all applicable payroll taxes; (b) the Company shall report such income to the appropriate taxing authorities in respect of the Award as it determines to be... necessary and appropriate; (c) the appropriate. The Participant shall be responsible for payment of any taxes due in respect of the Award. For purposes hereof, unless otherwise required by applicable law, the RSU Shares and shall be valued at Fair Market Value, which for purposes of this Section 6, is determined by the Dividend Payment; and (d) market price of the Company's Common Stock at the close of business on the trading day immediately prior to the Vesting Date. (b) Unless otherwise required by applicable law, the Company shall not withhold taxes in respect of the Award. If the Company determines that withholding is required by applicable law, the following provisions shall apply: (i) As a condition precedent to the delivery of any RSU Shares to the Participant, the Participant shall, upon the Company's request, pay to the Company such amount of cash as the Company may require under all applicable federal, state, local or other laws or regulations, to withhold and the Dividend Payment pay over as income or other withholding taxes (a "Tax Payment"); provided, however, that Payment") with respect to the Award. (ii) The Participant may elect, subject to the Company's approval in its sole discretion, Company approval, to satisfy his or her obligation to pay advance the Tax Payment by any of the following means: (i) a cash payment to the Company; (ii) authorizing the Company to withhold from any the RSU Shares otherwise to be delivered to the Participant, a number of whole shares of Common Stock having a Fair Market Value equal to the Tax Payment; or (iii) any combination of (i) and (ii). (iii) In the event that the Company determines that a Tax Payment (i.e., a "cashless exercise"). If is required and the Participant fails to pay any required advance the Tax Payment, Payment after so requested by the Company, the Company may, in its discretion, deduct any Tax Payments from any amount then or thereafter payable by the Company to the Participant and take such other action as deemed necessary to satisfy all obligations for the Tax Payment (including reducing the number of RSU Shares delivered on the Settlement Date). The Participant agrees to pay the Company in the form of a check or cashier's check any overage of the Tax Payment paid by the Company as a result of making whole any partial Share issued through a cashless exercise. Furthermore, the Participant acknowledges and agrees that the Participant will be solely responsible for making any Tax Payment directly to the appropriate taxing authorities should the Participant opt not to satisfy his or her Tax Payment through a cashless exercise. View More

Taxes. (a) Unless otherwise required by applicable law, on the Settlement Date, (a) Date the Participant shall recognize taxable income with respect to the RSU Shares and the Dividend Payment will be considered ordinary income for tax purposes Payment, and subject to all applicable payroll taxes; (b) the Company shall report such income to the appropriate taxing authorities as it determines to be necessary and appropriate; (c) the appropriate. The Participant shall be responsible for payment of any tax...es due in respect of the RSU Shares and the Dividend Payment; and (d) Payment. For purposes hereof, unless otherwise required by applicable law, the RSU Shares shall be valued at Fair Market Value. (b) Unless otherwise required by applicable law, the Company shall not withhold taxes in respect of the RSU Shares and the Dividend Payment. If the Company determines that withholding is required by applicable law, the following provisions shall apply: (i) As a condition precedent to the delivery of any RSU Shares and the payment of any Dividend Payment to the Participant, the Participant shall, upon the Company's request, pay to the Company through any of the methods set forth in (ii) below, such amount as the Company may require under all applicable federal, state, local or other laws or regulations, to withhold and pay over as income or other withholding taxes (a "Tax Payment"); provided, however, that Payment") with respect to the RSU Shares and the Dividend Payment. (ii) The Participant may elect, subject to the Company's approval in its sole discretion, approval, to satisfy his or her obligation to pay advance the Tax Payment by any of the following means: (A) a cash payment to the Company; (B) authorizing the Company to withhold from any the RSU Shares otherwise to be delivered to the Participant, a number of whole shares of Common Stock having a Fair Market Value equal to the Tax Payment; or (C) any combination of (A) and (B). (iii) In the event that the Company determines that a Tax Payment (i.e., a "cashless exercise"). If is required and the Participant fails to pay any required advance the Tax Payment, Payment after so requested by the Company, the Company may, in its discretion, deduct any Tax Payments from any amount then or thereafter payable by the Company to the Participant and take such other action as deemed necessary to satisfy all obligations for the Tax Payment (including reducing the number of RSU Shares delivered on the Settlement Date). 2 8. Restrictions. RSU Shares that are issued in connection with a particular Vesting Date may only be sold, pledged, transferred or otherwise disposed of, whether with or without consideration and whether voluntarily or involuntarily or by operation of law, in accordance with the Company's Stock Ownership Guidelines and the Company's Insider Trading Policy and Procedures as in effect from time to time (or by will or the laws of descent and distribution or as otherwise permitted by the Committee). The RSUs granted hereunder may not be subject to lien, garnishment, attachment or other legal process and may not be transferred except to the extent permitted by the Plan. The Participant agrees to pay execute any documents the Company in the form of a check or cashier's check any overage of the Tax Payment paid by the Company as a result of making whole any partial Share issued through a cashless exercise. Furthermore, the Participant acknowledges and agrees that the Participant will be solely responsible for making any Tax Payment directly may require to the appropriate taxing authorities should the Participant opt not to satisfy his or her Tax Payment through a cashless exercise. effect these restrictions. View More

Taxes. Unless otherwise required by applicable law, on the Settlement Date, (a) the Shares shall be valued at Fair Market Value; (b) the Participant shall recognize taxable income with respect to the Shares and the Dividend Payment will be considered ordinary income for tax purposes and subject to all applicable payroll taxes; (b) Payment; (c) the Company shall report such income to the appropriate taxing authorities as it determines to be necessary and appropriate; (c) (d) the Participant shall be res...ponsible for payment of any taxes due in respect of the Shares and the Dividend Payment; and (d) (e) the Company shall withhold taxes in respect of the Shares and the Dividend Payment (a "Tax Payment"); provided, however, that the Participant may elect, subject to the Company's approval in its sole discretion, to satisfy his or her or her obligation to pay the Tax Payment by authorizing the Company to withhold from any the Shares otherwise to be delivered to the Participant, a number of whole shares of Common Stock having a Fair Market Value equal to the Tax Payment (i.e., a "cashless exercise"). If the Participant fails to pay any required Tax Payment, the Company may, in its discretion, deduct any Tax Payments from any amount then or thereafter payable by the Company to the Participant and take such other action as deemed necessary to satisfy all obligations for the Tax Payment (including reducing the number of Shares delivered on the Settlement Date). The Participant agrees to pay the Company in the form of a check or cashier's check any overage of the Tax Payment paid by the Company as a result of making whole any partial Share issued through a cashless exercise. Furthermore, the Participant acknowledges and agrees that the Participant will be solely responsible for making any Tax Payment directly to the appropriate taxing authorities should the Participant opt not to satisfy his or her Tax Payment through a cashless exercise. View More

Taxes. Unless otherwise required by applicable law, on the Settlement Date, Date: (a) the Shares and the Dividend Payment will be considered ordinary income for tax purposes and subject to all applicable payroll taxes; (b) the Company shall report such income to the appropriate taxing authorities as it determines to be necessary and appropriate; (c) the Participant shall be responsible for payment of any taxes due in respect of the Shares and the Dividend Payment; and (d) the Company shall withhold tax...es in respect of the Shares and the Dividend Payment (a "Tax Payment"); provided, however, that the Participant may elect, subject to the Company's approval in its sole discretion, to satisfy his or her obligation to pay the Tax Payment by authorizing the Company to withhold from any Shares otherwise to be delivered to the Participant, a number of whole shares of Common Stock having a Fair Market Value equal to the Tax Payment (i.e., a "cashless exercise"). If the Participant fails to pay any required Tax Payment, the Company may, in its discretion, deduct any Tax Payments from any amount then or thereafter payable by the Company to the Participant and take such other action as deemed necessary to satisfy all obligations for the Tax Payment (including reducing the number of Shares delivered on the Settlement Date). The Participant agrees to pay the Company in the form of a check or cashier's check any overage of the Tax Payment paid by the Company as a result of making whole any partial Share issued through a cashless exercise. Furthermore, the Participant acknowledges and agrees that the Participant will be solely responsible for making any Tax Payment directly to the appropriate taxing authorities should the Participant opt not to satisfy his or her Tax Payment through a cashless exercise. 2 8. Restrictions. RSU Shares that are issued in connection with a particular Vesting Date may only be sold, pledged, transferred or otherwise disposed of, whether with or without consideration and whether voluntarily or involuntarily or by operation of law, in accordance with the Company's Stock Ownership Guidelines and the Company's Insider Trading Policy and Procedures as in effect from time to time (or by will or the laws of descent and distribution or as otherwise permitted by the Committee). The RSUs granted hereunder may not be subject to lien, garnishment, attachment or other legal process and may not be transferred except to the extent permitted by the Plan. The Participant agrees to execute any documents the Company may require to effect these restrictions. View More