Withholding Taxes Clause Example with 4 Variations from Business Contracts
This page contains Withholding 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 Taxes. The Company is entitled to (a) withhold and deduct from future wages of the Participant (or from other amounts that may be due and owing to the Participant from the Company or a Subsidiary), or make other arrangements for the collection of, all amounts the Company reasonably determines are legally required to satisfy any and all federal, foreign, state and local withholding and employment related tax requirements attributable to the Performance Share Units, or (b) require the Participant promptl...y to remit the amount of such withholding to the Company before taking any action, including issuing any shares of Common Stock, with respect to the Performance Share Units. The Committee may, in its sole discretion and upon terms and conditions established by the Committee, permit or require the Participant to satisfy, in whole or in part, any withholding or employment related tax obligation in connection with the settlement of the Performance Share Units by withholding shares of Common Stock issuable upon settlement of the Performance Share Units. When withholding shares of Common Stock for taxes is effected under this Agreement and the Plan, it will be withheld only up to the minimum amount the Company reasonably determines is necessary to satisfy any tax withholding obligation in the Participant's applicable tax jurisdiction.View More
Variations of a "Withholding Taxes" Clause from Business Contracts
Withholding Taxes. The Company is entitled to (a) withhold and deduct from future wages of the Participant (or from other amounts that may be due and owing to the Participant from the Company Company, or a Subsidiary), one of its Subsidiaries or Affiliates), or make other arrangements for the collection of, all amounts the Company reasonably determines are legally required necessary to satisfy any and all federal, foreign, state and local withholding and employment related tax requirements attributable to the Perf...ormance Share Units, Option, including the grant, vesting or exercise of, the Option, or (b) require the Participant promptly to remit the amount of such withholding to the Company before taking any action, including issuing any shares Shares upon exercise of Common Stock, with respect to the Performance Share Units. Option. The Committee may, in its sole discretion and upon terms and conditions established by the Committee, permit or require the Participant to satisfy, in whole or in part, any withholding or employment related tax obligation in connection with the settlement Option by withholding Shares issuable upon exercise of the Performance Share Units by withholding shares of Common Stock issuable upon settlement of the Performance Share Units. Option. When withholding shares of Common Stock Shares for taxes is effected under this Agreement and the Plan, it Shares will be withheld only up to an amount based on the minimum amount the Company reasonably determines is necessary to satisfy any maximum statutory tax withholding obligation rates in the Participant's applicable tax jurisdiction. jurisdiction or such other rate that will not trigger a negative accounting impact on the Company. View More
Withholding Taxes. The Company is entitled to (a) withhold and deduct from future wages of the Participant (or from other amounts that may be due and owing to the Participant from the Company or a Subsidiary), or make other arrangements for the collection of, all amounts the Company reasonably determines are legally required necessary to satisfy any and all federal, foreign, state and local withholding and employment related tax requirements attributable to the Performance Share Units, Option, including the grant,... vesting or exercise of, the Option, or (b) require the Participant promptly to remit the amount of such withholding to the Company before taking any action, including issuing any shares Shares upon exercise of Common Stock, with respect to the Performance Share Units. Option. The Committee may, in its sole discretion and upon terms and conditions established by the Committee, permit or require the Participant to satisfy, in whole or in part, any withholding or employment related tax obligation in connection with the settlement Option by withholding Shares issuable upon exercise of the Performance Share Units by withholding shares of Common Stock issuable upon settlement of the Performance Share Units. Option. When withholding shares of Common Stock Shares for taxes is effected under this Agreement and the Plan, it will be withheld only up to an amount based on the minimum amount the Company reasonably determines is necessary to satisfy any maximum statutory tax withholding obligation rates in the Participant's applicable tax jurisdiction. jurisdiction or such other rate that will not trigger a negative accounting impact on the Company. View More
Withholding Taxes. The Company is entitled to (a) withhold and deduct from future wages of the Participant (or from other amounts that may be due and owing to the Participant from the Company or a Subsidiary), or make other arrangements for the collection of, all amounts the Company reasonably determines are legally required amounts necessary to satisfy any and all federal, foreign, state and local withholding and employment related tax requirements attributable to the Performance Share Restricted Stock Units, inc...luding the grant, vesting or settlement of, or payment of Dividend Equivalents with respect to, the Restricted Stock Units, or (b) require the Participant promptly to remit the amount of such withholding to the Company before taking any action, including issuing any shares of Common Stock, with respect to the Performance Share Restricted Stock Units. The Committee may, in its sole discretion and upon terms and conditions established by the Committee, permit or require the Participant to satisfy, in whole or in part, any withholding or employment related tax obligation in connection with the settlement of the Performance Share Restricted Stock Units by withholding shares of Common Stock issuable upon settlement of the Performance Share Restricted Stock Units. When withholding shares of Common Stock for taxes is effected under this Agreement and the Plan, it will be withheld only up to an amount based on the minimum amount the Company reasonably determines is necessary to satisfy any maximum statutory tax withholding obligation rates in the Participant's applicable tax jurisdiction. jurisdiction or such other rate that will not trigger a negative accounting impact on the Company. View More
Withholding Taxes. The Company is entitled to (a) withhold and deduct from future wages of the Participant (or from other amounts that may be due and owing to the Participant from the Company or a Subsidiary), or make other arrangements for the collection of, all amounts the Company reasonably determines are legally required necessary to satisfy any and all federal, foreign, state and local withholding and employment related tax requirements attributable to the Performance Share Restricted Stock Units, including t...he grant, vesting or settlement of, or payment of Dividend Equivalents with respect to, the Restricted Stock Units, or (b) require the Participant promptly to remit the amount of such withholding to the Company before taking any action, including issuing any shares of Common Stock, with respect to the Performance Share Restricted Stock Units. The Committee may, in its sole discretion and upon terms and conditions established by the Committee, permit or require the Participant to satisfy, in whole or in part, any withholding or employment related tax obligation in connection with the settlement of the Performance Share Restricted Stock Units by withholding shares of Common Stock issuable upon settlement of the Performance Share Restricted Stock Units. When withholding shares of Common Stock for taxes is effected under this Agreement and the Plan, it will be withheld only up to an amount based on the minimum amount the Company reasonably determines is necessary to satisfy any maximum statutory tax withholding obligation rates in the Participant's applicable tax jurisdiction. jurisdiction or such other rate that will not trigger a negative accounting impact on the Company. View More
