Withholding of Taxes Clause Example with 5 Variations from Business Contracts

This page contains Withholding of 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.
Withholding of Taxes. The Grantee shall pay to the Company, or the Company and the Grantee shall agree on such other arrangements necessary for the Grantee to pay, the applicable federal, state and local income taxes required by law to be withheld (the "Withholding Taxes"), if any, upon the vesting of the Performance Units. The Company shall have the right to deduct from any payment of cash to the Grantee an amount equal to the Withholding Taxes in satisfaction of the Grantee's obligation to pay Withholding Taxes.
Found in CVR PARTNERS, LP contract

Variations of a "Withholding of Taxes" Clause from Business Contracts

Withholding of Taxes. The Grantee shall pay to the Company, or the Company and the Grantee shall agree on such other arrangements necessary for the Grantee to pay, the applicable federal, state and local income taxes required by law to be withheld (the "Withholding Taxes"), if any, upon the vesting and/or settlement of the Performance Share Units. The Company shall have the right to deduct from any payment distribution of cash to the Grantee any Grantee, an amount equal to the Withholding Taxes with respect to the Sh...ares or cash delivered pursuant to the terms of this Agreement. In satisfaction of the obligation to pay Withholding Taxes to the Company upon the delivery of any Shares following the vesting of Performance Share Units, the Grantee may make a written election which may be accepted or rejected in the discretion of the Company, to have withheld, or the Company may elect in its sole discretion to withhold, a portion of such Shares then deliverable to the Grantee having an aggregate Fair Market Value as of the date such Restrictions lapse equal to the Withholding Taxes. 5 10. No Rights as a Shareholder. Until Shares are issued, if at all, in satisfaction of the Grantee's obligation to pay Withholding Taxes. Company's obligations under this Award, in the time and manner specified above, the Grantee shall have no rights as a shareholder. View More
Found in Cloud Peak Energy Inc. contract
Withholding of Taxes. The Grantee shall pay to the Company, or the Company and the Grantee shall agree on such other arrangements necessary for the Grantee to pay, the applicable federal, state and local income taxes required by law to be withheld (the "Withholding Taxes"), if any, upon the vesting of Performance Share Units and delivery of the Performance Units. Shares. The Company shall have the right to deduct from any payment distribution of cash to the Grantee any Grantee, an amount equal to the Withholding Taxe...s with respect to the Shares delivered pursuant to the terms of this Agreement. In satisfaction of the obligation to pay Withholding Taxes to the Company upon the delivery of any Shares following the vesting of Performance Share Units, the Grantee may make a written election which may be accepted or rejected in the discretion of the Company, to have withheld a portion of such Shares then deliverable to the Grantee having an aggregate Fair Market Value as of the date such Restrictions lapse equal to the Withholding Taxes. 4 10. No Rights as a Shareholder. Until Shares are issued, if at all, in satisfaction of the Grantee's obligation to pay Withholding Taxes. Company's obligations under this Award, in the time and manner specified above, the Grantee shall have no rights as a shareholder. View More
Found in 2 Contracts from Cloud Peak Energy Inc.
Withholding of Taxes. The Grantee shall pay to the Company, or the Company and the Grantee shall agree on such other arrangements necessary for the Grantee to pay, the applicable federal, state and local income taxes required by law to be withheld (the "Withholding Taxes"), if any, upon the vesting or delivery of the Performance Units. Shares, as applicable. The Company shall have the right to deduct from any payment distribution of cash to the Grantee any Grantee, an amount equal to the Withholding Taxes in with res...pect to the Restricted Stock Units. In satisfaction of the Grantee's obligation to pay Withholding Taxes to the Company upon the lapse of Restrictions on any Restricted Stock Units, the Grantee may make a written election which may be accepted or rejected in the discretion of the Company, to have withheld a portion of the Shares then deliverable to the Grantee having an aggregate Fair Market Value as of the date such Restrictions lapse equal to the Withholding Taxes. View More
Found in 2 Contracts from Cloud Peak Energy Inc.
Withholding of Taxes. The Grantee shall pay to the Company, or the Company and the Grantee shall agree on such other arrangements necessary for the Grantee to pay, the applicable federal, state and local income taxes required by law to be withheld (the "Withholding Taxes"), if any, upon the vesting and/or settlement of the Performance Share Units. The Company shall have the right to deduct from any payment distribution of cash to the Grantee any Grantee, an amount equal to the Withholding Taxes in with respect to the... Shares or cash delivered pursuant to the terms of this Agreement. In satisfaction of the Grantee's obligation to pay Withholding Taxes to the Company upon the delivery of any Shares following the vesting of Performance Share Units, the Grantee may make a written election which may be accepted or rejected in the discretion of the Company, to have withheld a portion of such Shares then deliverable to the Grantee having an aggregate Fair Market Value as of the date such Restrictions lapse equal to the Withholding Taxes. View More
Found in Cloud Peak Energy Inc. contract
Withholding of Taxes. The Grantee shall pay to the Company, or the Company and the Grantee shall agree on such other arrangements necessary for the Grantee to pay, the applicable federal, state and local income taxes required by law to be withheld (the "Withholding Taxes"), if any, upon the vesting delivery of the Performance Units. Shares. The Company shall have the right to deduct from any payment distribution of cash to the Grantee any 2 Grantee, an amount equal to the Withholding Taxes in with respect to the Rest...ricted Stock Units. In satisfaction of the Grantee's obligation to pay Withholding Taxes to the Company on any Shares, the Grantee may make a written election which may be accepted or rejected in the discretion of the Company, to have withheld a portion of the Shares then deliverable to the Grantee having an aggregate Fair Market Value equal to the Withholding Taxes. View More
Found in Cloud Peak Energy Inc. contract