Withholdings Delay for Specified Employees Contract Clauses (5)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Withholdings Delay for Specified Employees clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Withholdings Delay for Specified Employees. The Company shall be entitled to require a cash payment by or on your behalf in respect of any sums required or permitted by federal, state or local tax law to be withheld with respect to the vesting of the Restricted Stock Units; provided, that, notwithstanding the foregoing, the Committee may permit you to satisfy the applicable tax obligations in accordance with the terms of Section 7.2 of the Plan. If you are a "specified employee" (within the meaning of Section 409A(2)(B) of the Code) as of... the date of your separation from service (as determined pursuant to Section 409A of the Code), any portion of the Restricted Stock Units subject to Section 409A of the Code payable to you as a result of your separation from service within six (6) months following your separation from service shall instead be paid on the first business day of the first calendar month that begins after the six-month anniversary of the date of the separation from service, or, if earlier, the date of your death. View More
Found in GS Acquisition Holdings Corp contract
Withholdings Delay for Specified Employees. The Company shall be entitled to require a cash payment by or on your behalf in respect of any sums required or permitted by foreign, federal, state or local tax law to be withheld with respect to the vesting of the Restricted Stock Units; RSUs (excluding the Additional RSUs); provided, that, notwithstanding the foregoing, the Committee may permit you to satisfy the applicable tax obligations in accordance with the terms of Section 7.2 of the Plan. If you are a "specified employee" (within the m...eaning of Section 409A(2)(B) of the Code) as of the date of your separation "separation from service service" (as determined pursuant to Section 409A of the Code), any portion of the Restricted Stock Units RSUs (excluding the Additional RSUs) subject to Section 409A of the Code that become payable to you as a result of your separation from service within six (6) months following your separation from service shall instead be paid on the first business day of the first calendar month that begins after the six-month anniversary of the date of the separation from service, or, if earlier, the date of your death. 3 9. Transfer of Award. You may not transfer the Performance Award, the RSUs or any interest in such RSUs except by will or the laws of descent and distribution or except as permitted by the Committee and as specified in the Plan. Any other attempt to dispose of your interest will be null and void. View More
Found in GS Acquisition Holdings Corp contract
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