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. To the extent that the Company is required to withhold federal, state, local or foreign taxes in connection with any payment made to or benefit realized by the Grantee or other person under the Option, and the amounts available to the Company for such withholding are insufficient, it shall be a condition to the receipt of such payment or the realization of such benefit that the Grantee or such other person make arrangements satisfactory to the Company for payment of the balance of such taxes req...uired to be withheld. The Grantee may elect that all or any part of such withholding requirement be satisfied by retention by the Company of a portion of the shares of Common Stock to be delivered to the Grantee or by delivering to the Company other shares of Common Stock held by the Grantee. If such election is made, the shares so retained shall be credited against such withholding requirement at the market value of such shares of Common Stock on the date of such delivery. In no event will the market value of the shares of Common Stock to be withheld and/or delivered pursuant to this Section 11 to satisfy applicable withholding taxes exceed the maximum amount of taxes required to be withheld.View More
Variations of a "Withholding Taxes" Clause from Business Contracts
Withholding Taxes. To the extent that the Company is required to withhold federal, state, local or foreign taxes in connection with the delivery to the Grantee of Common Stock or any other payment made to or benefit realized by the Grantee or any other person payment or vesting event under this Agreement, the Option, Grantee hereby authorizes withholding from payroll and the any other amounts available payable to the Grantee, including amounts payable hereunder, and otherwise agrees to make adequate provision for,... any sums required to satisfy such tax withholding obligations of the Company. The Company for such shall have no obligation to make delivery or payment hereunder until the tax withholding are insufficient, it shall be a condition to the receipt obligations of such payment or the realization of such benefit that the Grantee or such other person make arrangements satisfactory to the Company for payment of have been satisfied by the balance of such taxes required to be withheld. The Grantee may elect that Grantee. If all or any part of such withholding requirement be satisfied by retention by the Company of a portion of the shares of Common Stock to be delivered to the Grantee or by delivering to the Company other shares of Common Stock held by the Grantee. If such election is made, Grantee, the shares so retained shall be credited against such withholding requirement at the market value Market Value per Share of such shares of Common Stock on the date of such delivery. In no event will the market value of the shares of Common Stock to be withheld and/or delivered pursuant to this Section 11 9 to satisfy applicable withholding taxes exceed the maximum minimum amount of taxes required to be withheld. withheld, unless otherwise agreed to by the Grantee, provided, however, that such amount shall not exceed the statutory maximum withholding rates. View More
Withholding Taxes. To the extent that the Company Corporation is required to withhold federal, provincial, state, local or foreign taxes in connection with the delivery to the Grantee of Common Shares or any other payment made to or benefit realized by the Grantee or any other person payment or vesting event under the Option, this Agreement, and the amounts available to the Company Corporation for such withholding are insufficient, it shall be a condition to the receipt obligation of the Corporation to make any su...ch delivery or payment or the realization of such benefit that the Grantee or such other person make arrangements satisfactory to the Company Corporation for payment of -4- the balance of such taxes required to be withheld. The If the PSUs are settled in Common Shares, the Grantee may elect that all or any part of such withholding requirement be satisfied by retention by the Company Corporation of a portion of the shares of Common Stock Shares to be delivered to the Grantee or by delivering to the Company Corporation other shares of Common Stock Shares held by the Grantee. If such election is made, the shares so retained shall be credited against such withholding requirement at the fair market value of such shares of Common Stock Shares on the date of such delivery. In no event will the market value of the shares of Common Stock Shares to be withheld and/or delivered pursuant to this Section 11 8 to satisfy applicable withholding taxes exceed the maximum minimum amount of taxes required to be withheld. View More
Withholding Taxes. To the extent that the Company Corporation is required to withhold federal, provincial, state, local or foreign taxes in connection with the delivery to the Grantee of Common Shares or any other payment made to or benefit realized by the Grantee or any other person payment or vesting event under the Option, this Agreement, and the amounts available to the Company Corporation for such withholding are insufficient, it shall be a condition to the receipt obligation of the Corporation to make any su...ch delivery or payment or the realization of such benefit that the Grantee or such other person make arrangements satisfactory to the Company Corporation for payment of the balance of such taxes required to be withheld. The If the PSUs are settled in Common Shares, the Grantee may elect that all or any part of such withholding requirement be satisfied by retention by the Company Corporation of a portion of the shares of Common Stock Shares to be delivered to the Grantee or by delivering to the Company Corporation other shares of Common Stock Shares held by the Grantee. If such election is made, the shares so retained shall be credited against such withholding requirement at the fair market value of such shares of Common Stock Shares on the date of such delivery. In no event will the market value of the shares of Common Stock Shares to be withheld and/or delivered pursuant to this Section 11 8 to satisfy applicable withholding taxes exceed the maximum minimum amount of taxes required to be withheld. View More
Withholding Taxes. To the extent that the Company Corporation is required to withhold federal, provincial, state, local or foreign taxes in connection with any payment made to or benefit realized by the Grantee or other person under the Option, and the amounts available to the Company Corporation for such withholding are insufficient, it shall be a condition to the receipt of such payment or the realization of such benefit that the Grantee or such other person make arrangements satisfactory to the Company Corporat...ion for payment of the balance of such taxes required to be withheld. The Grantee may elect that all or any part of such withholding requirement be 2 satisfied by retention by the Company Corporation of a portion of the shares of Common Stock Shares to be delivered to the Grantee or by delivering to the Company Corporation other shares of Common Stock Shares held by the Grantee. If such election is made, the shares so retained shall be credited against such withholding requirement at the market value of such shares of Common Stock Shares on the date of such delivery. In no event will the market value of the shares of Common Stock Shares to be withheld and/or delivered pursuant to this Section 11 9 to satisfy applicable withholding taxes exceed the maximum minimum amount of taxes required to be withheld. View More
