Withholding Obligations Clause Example from Business Contracts

Withholding Obligations. (a) You hereby authorize withholding from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any of its Affiliates, if any, which arise in connection with this Award (the "Withholding Taxes") in accordance with the Plan. (b) The Company will have no obligation to deliver to you any Common Stock pursuant to this Award unless the Withholding... Taxes are satisfied. (c) In the event the Company's obligation to withhold arises prior to the delivery to you of Common Stock or it is determined after the delivery of Common Stock to you that the amount of the Company's withholding obligation was greater than the amount withheld by the Company, you agree to indemnify and hold the Company harmless from any failure by the Company to withhold the proper amount. View More