Withholding Taxes Clause Example with 6 Variations from Business Contracts

Withholding Taxes. If To the extent that the Company or a Subsidiary is required to withhold federal, state, local local, employment, or foreign taxes or other amounts amounts, or, to the extent permitted under Section 409A of the Code, any other applicable taxes, in connection with Grantee's right to receive Common Shares or cash under this Agreement, Agreement (regardless of whether Grantee is entitled to the delivery of any Common Shares at that time), and the amounts available to the Company for such withholdi...ng are insufficient, it will be a condition to the receipt of any such Common Shares or cash (or the realization of any other benefit provided for under this Agreement) Agreement that Grantee make arrangements satisfactory to the Company for payment of the balance of such taxes or other amounts. amounts required to be withheld. Grantee may satisfy such tax obligation by paying the Company cash via personal check. Alternatively, unless otherwise determined by the Committee, Grantee may elect that all or any part of such tax obligation be satisfied by the Company's retention of a portion of the Common Shares provided for under this Agreement or by Grantee's surrender of a portion of the Common Shares that he or she Grantee has owned. In no event, however, shall If an election is made to satisfy Grantee's tax obligation with the Company accept Common Shares for payment of taxes in excess of required tax withholding rates (unless such higher withholding amounts would not result in adverse accounting implications for the Company and the additional withholding amount is authorized by the Committee). If Grantee's benefit is to be received in the form release or surrender of Common Shares, and Grantee fails to make arrangements for the payment of required taxes or other amounts, then, unless otherwise determined by the Committee, the Company will withhold Common Shares having a shall be credited in the following manner: (a) at the fair market value equal of such Common Shares on the date of delivery if the tax obligations arise due to the amount required to be withheld. The delivery of Common Shares used for tax withholding will be valued under this Agreement; or (b) at an amount equal to the fair market value of such Common Shares on the date the applicable benefit is to be included in Grantee's income. tax obligation arises, if for a reason other than the delivery of Common Shares under this Agreement. View More

Withholding Taxes. If To the extent that the Company is required to withhold federal, state, local local, employment, or foreign taxes or taxes, or, to the extent permitted under Section 409A of the Code, any other amounts applicable taxes, in connection with Grantee's right to receive Common Shares or cash under this Agreement, Agreement (regardless of whether Grantee is entitled to the delivery of any Common Shares at that time), and the amounts available to the Company for such withholding are insufficient, it ...will shall be a condition to the receipt of any such Common Shares or cash (or the realization of any other benefit provided for under this Agreement) Agreement that Grantee make arrangements satisfactory to the Company for payment of the balance of such taxes or other amounts. required to be withheld. Grantee may satisfy such tax obligation by paying the Company cash via personal check. Alternatively, unless otherwise determined by the Committee, Grantee may elect that all or any part of such tax obligation be satisfied by the Company's retention of a portion of the Common Shares provided for under this Agreement or by Grantee's surrender of a portion of the Common Shares that he or she has owned. owned for at least 6 months. Any Common Shares so withheld shall be credited against such withholding requirements at the market value of such shares on the date of such withholding. In no event, however, shall the Company accept Common Shares for payment of taxes in excess of required tax withholding rates (unless such higher withholding amounts would not result in adverse accounting implications for rates. If an election is made to satisfy Grantee's tax obligation with the Company and the additional withholding amount is authorized by the Committee). If Grantee's benefit is to be received in the form release or surrender of Common Shares, and Grantee fails to make arrangements for the payment of required taxes or other amounts, then, unless otherwise determined by the Committee, the Company will withhold Common Shares having a shall be credited in the following manner: (a) at the market value equal of such Common Shares on the date of delivery if the tax obligations arise due to the amount required to be withheld. The delivery of Common Shares used for tax withholding will be valued under this Agreement; or (b) at an amount equal to the fair market value of such Common Shares on the date the applicable benefit is to be included in Grantee's income. tax obligation arises, if for a reason other than the delivery of Common Shares under this Agreement. View More

Withholding Taxes. If To the extent that the Company or a Subsidiary is required to withhold federal, state, local local, employment, or foreign taxes or taxes, or, to the extent permitted under Section 409A of the Code, any other amounts applicable taxes, in connection with Grantee's right to receive Common Shares or cash under this Agreement, Agreement (regardless of whether Grantee is entitled to the delivery of any Common Shares at that time), and the amounts available to the Company for such withholding are i...nsufficient, it will shall be a condition to the receipt of any such Common Shares or cash (or the realization of any other benefit provided for under this Agreement) Agreement that Grantee make arrangements satisfactory to the Company for payment of the balance of such taxes or other amounts. required to be withheld. Grantee may satisfy such tax obligation by paying the Company cash via personal check. Alternatively, unless otherwise determined by the Committee, Grantee may elect that all or any part of such tax obligation be satisfied by the Company's retention of a portion of the Common Shares provided for under this Agreement or by Grantee's surrender of a portion of the Common Shares that he or she has owned. In no event, however, shall the Company accept Common Shares for payment of taxes in excess of required tax withholding rates (unless such higher withholding amounts would not result in adverse accounting implications for rates. If an election is made to satisfy Grantee's tax obligation with the Company and the additional withholding amount is authorized by the Committee). If Grantee's benefit is to be received in the form release or surrender of Common Shares, and Grantee fails to make arrangements for the payment of required taxes or other amounts, then, unless otherwise determined by the Committee, the Company will withhold Common Shares having a shall be credited in the following manner: (a) at the market value equal of such Common Shares on the date of delivery if the tax obligations arise due to the amount required to be withheld. The delivery of Common Shares used for tax withholding will be valued under this Agreement; or (b) at an amount equal to the fair market value of such Common Shares on the date the applicable benefit is to be included in Grantee's income. tax obligation arises, if for a reason other than the delivery of Common Shares under this Agreement. View More

Withholding Taxes. If the Company is required to withhold federal, state, local local, employment, or foreign taxes or taxes, or, to the extent permitted under Section 409A of the Code, any other amounts applicable taxes, in connection with Grantee's right to receive Common Shares or cash under this Agreement, Agreement (regardless whether Grantee is entitled to the delivery of any Common Shares at that time), and the amounts available to the Company for such withholding are insufficient, it will shall be a condit...ion to the receipt of any such Common Shares or cash (or the realization of any other benefit provided for under this Agreement) Agreement that Grantee make arrangements satisfactory to the Company for payment of the balance of such taxes or other amounts. the taxes. Grantee may satisfy such tax obligation by paying the Company cash via personal check. Alternatively, unless otherwise determined by the Committee, Grantee may elect that all or any part of such tax obligation be satisfied by the Company's retention of a portion of the Common Shares provided for under this Agreement or by Grantee's surrender of a portion of the Common Shares that he or she has owned. owned for at least 6 months. In no event, however, shall the Company accept Common Shares for payment of taxes in excess of required tax withholding rates (unless such higher withholding amounts would not result in adverse accounting implications for the Company and Company). If an election is made to satisfy Grantee's tax obligation with the additional withholding amount is authorized by the Committee). If Grantee's benefit is to be received in the form release or surrender of Common Shares, and Grantee fails to make arrangements for the payment of required taxes or other amounts, then, unless otherwise determined by the Committee, the Company will withhold Common Shares having a value equal shall be credited in the following manner: (a) at the Market Value per Share on the date of delivery if the tax obligations arise due to the amount required to be withheld. The delivery of Common Shares used for tax withholding will be valued under this Agreement; or (b) at an amount equal to the fair market value of such Common Shares Market Value per Share on the date the applicable benefit is to be included in Grantee's income. tax obligation arises, if for a reason other than the delivery of Common Shares under this Agreement. View More

Withholding Taxes. If the Company is required to withhold federal, state, local or foreign taxes or other amounts in connection with Grantee's right to receive Common Shares or cash under this Agreement, and the amounts NAI-1511148714v9-10- available to the Company for such withholding are insufficient, it will be a condition to the receipt of any such Common Shares or cash (or the realization of any other benefit provided for under this Agreement) that Grantee make arrangements satisfactory to the Company for pay...ment of the balance of such taxes or other amounts. Grantee may satisfy such tax obligation by paying the Company cash via personal check. Alternatively, unless otherwise determined by the Committee, Grantee may elect that all or any part of such tax obligation be satisfied by the Company's retention of a portion of the Common Shares provided for under this Agreement or by Grantee's surrender of a portion of the Common Shares that he or she has owned. In no event, however, shall the Company accept Common Shares for payment of taxes in excess of required tax withholding rates (unless such higher withholding amounts would not result in adverse accounting implications for the Company and the additional withholding amount is authorized by the Committee). If Grantee's benefit is to be received in the form of Common Shares, and Grantee fails to make arrangements for the payment of required taxes or other amounts, then, unless otherwise determined by the Committee, the Company will withhold Common Shares having a value equal to the amount required to be withheld. Further, notwithstanding anything in this Section 11 to the contrary, if at any time (a) Grantee is subject to reporting as a Director or an "officer" for purposes of Section 16 of the Exchange Act, (b) withholding is required with respect to the award evidenced by this Agreement, and (c) Grantee is subject to trading restrictions pursuant to a periodic or special closed trading window for the Company under its insider trading policies, then the Company shall withhold Common Shares otherwise payable to Grantee under this award in order to satisfy such withholding, with the number of Common Shares withheld having a value equal to the amount required to be withheld. The Common Shares used for tax withholding will be valued at an amount equal to the fair market value of such Common Shares on the date the applicable benefit is to be included in Grantee's income. View More

Withholding Taxes. If the Company is required to withhold federal, state, local or foreign taxes or other amounts in connection with Grantee's right to receive Common Shares or cash under this Agreement, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of any such Common Shares or cash (or the realization of any other benefit provided for under this Agreement) that Grantee make arrangements satisfactory to the Company for payment of the balance o...f such taxes or other amounts. Grantee may satisfy such tax obligation by paying the Company cash via personal check. Alternatively, unless otherwise determined by the Committee, Grantee may elect that all or any part of such tax obligation be satisfied by the Company's retention of a portion of the Common Shares provided for under this Agreement or by Grantee's surrender of a portion of the Common Shares that he or she has owned. In no event, however, shall the Company accept Common Shares for payment of taxes in excess of required tax withholding rates (unless such higher withholding amounts would not result in adverse accounting implications for the Company and the additional withholding amount is authorized by the Committee). If Grantee's benefit is to be received in the form of Common Shares, and Grantee fails to make arrangements for the payment of required taxes or other amounts, then, unless otherwise determined by the Committee, the Company will withhold Common Shares having a value equal to the amount required to be withheld. Further, notwithstanding anything in this Section 11 to the contrary, if at any time (a) Grantee is subject to reporting as a Director or an "officer" for purposes of Section 16 of the Exchange Act, (b) withholding is required with respect to the award evidenced by this Agreement, and (c) Grantee is subject to trading restrictions pursuant to a periodic or special closed trading window for the Company under its insider trading policies, then the Company shall withhold Common Shares otherwise payable to Grantee under this award in 9 NAI-1516096231v3 order to satisfy such withholding, with the number of Common Shares withheld having a value equal to the amount required to be withheld. The Common Shares used for tax withholding will be valued at an amount equal to the fair market value of such Common Shares on the date the applicable benefit is to be included in Grantee's income. View More