Withholding Taxes Clause Example with 27 Variations from Business Contracts

Withholding Taxes. To the extent that the Company is required to withhold federal, state, local or foreign taxes or other amounts in connection with any payment made or benefit realized by a Participant or other person under this Plan, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the such taxes or other amounts be withheld from such payment or benefit or paid by such Participant or other... person, as determined or provided for by the Committee. With respect to such other person make arrangements satisfactory to the Company for payment of the balance of such taxes required to be withheld, which arrangements (in the discretion of the Committee) may include relinquishment of a portion of such benefit. If a Participant's benefit is benefits that are to be received in the form of shares of Common Stock, and the Committee will cause the applicable Evidence of Award to specify the manner or manners in which the withholding or payment of such taxes or other amounts will be effected by or on behalf of such Participant fails to make arrangements or other person, which manner or manners may include, as provided for the payment of tax, then, unless otherwise determined by the Committee, withholding from the Company will withhold shares of Common Stock required to be delivered to the Participant a number of shares of Common Stock having a value equal to the amount required to be withheld. Notwithstanding the foregoing, when a Participant is required to pay the Company an amount required to be withheld under applicable income and employment tax laws, the Participant may elect, unless otherwise determined by the Committee, to satisfy the obligation, in whole or in part, by having withheld, from the shares required to be delivered to the Participant, Any shares of Common Stock having a value equal to the amount required to be withheld (except in the case of Restricted Stock where an election under Section 83(b) of the Code has been made), or by delivering to the Company other shares of Common Stock held by such Participant. The shares used for tax purposes of such withholding or payment will be valued at 20 an amount equal to based on the fair market value of such Common Stock shares on the date on which the benefit or payment is to be included in the Participant's income. In no event will the fair market value of the any shares of Common Stock to be withheld and delivered or otherwise used pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit 16 exceed the minimum amount of taxes required to be withheld. withheld, unless (i) an additional amount can be withheld and not result in adverse accounting consequences, (ii) such additional withholding amount is authorized by the Committee, and (iii) the total amount withheld does not exceed the Participant's estimated tax obligations attributable to the applicable transaction. Participants will also make such arrangements as the Company may require for the payment of any withholding tax or other obligation that may arise in connection with the disposition of shares of Common Stock acquired upon the exercise of Option Rights. View More

Withholding Taxes. To the extent that the Company Partnership is required to withhold federal, state, local or foreign taxes in connection with any payment made or benefit realized by a Participant or other person under this Plan, and the amounts available to the Company Partnership for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the Participant or such other person make arrangements satisfactory to the Company Partnership for pay...ment of the balance of such taxes required to be withheld, which arrangements (in the discretion of the Committee) may include relinquishment of a portion of such benefit. If a Participant's benefit is to be received in the form of Common Stock, Units, and such Participant fails to make arrangements for the payment of tax, then, unless otherwise determined by the Committee, the Company Partnership will withhold shares of Common Stock Units having a value equal to the amount required to be withheld. Notwithstanding the foregoing, when a Participant is required to pay the Company Partnership an amount required to be withheld under applicable income and employment tax laws, the Participant may elect, unless otherwise determined by the Committee, to satisfy the obligation, in whole or in part, by having withheld, from the shares Awards required to be delivered to the Participant, shares of Common Stock Units having a value equal to the amount required to be withheld (except in the case of Restricted Stock Units where an election under Section 83(b) of the Code has been made), or by delivering to the Company Partnership other shares of Common Stock Units held by such Participant. The shares Units used for tax withholding will be valued at 20 an amount equal to the market value of such Common Stock Units on the date the benefit is to be included in Participant's income. In no event will the market value of the Common Stock Units to be withheld and delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. Participants will also make such arrangements as the Company Partnership may require for the payment of any withholding tax obligation that may arise in connection with the disposition of Common Stock Units acquired upon the exercise of Option Rights. View More

Withholding Taxes. To the extent that the Company is required to withhold federal, state, local or foreign taxes in connection with any payment made or benefit realized by a Participant or other person Grantee under this Plan, Agreement, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the Participant or such other person Grantee make arrangements satisfactory to the Company for payment of t...he balance of such taxes required to be withheld, which arrangements (in the discretion of the Committee) may include relinquishment of a portion of such benefit. If a Participant's benefit is to be received in the form of Common Stock, and such Participant Grantee fails to make arrangements for the payment of tax, then, unless otherwise determined by the Committee, the Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. Notwithstanding the foregoing, when a Participant Grantee is required to pay the Company an amount required to be withheld under applicable income and employment tax laws, the Participant Grantee may elect, unless otherwise determined by the Committee, elect to satisfy the obligation, in whole or in part, by having electing to have withheld, from the shares required to be delivered to the Participant, Grantee, shares of Common Stock having a value equal to the amount required to be withheld (except in the case of Restricted Stock where an election under Section 83(b) of the Code has been made), or by delivering to the Company other shares of Common Stock held by such Participant. withheld. The shares used for tax withholding will be valued at 20 an amount equal to the market value Market Value per Share of such shares of Common Stock on the date the benefit is to be included in Participant's Grantee's income. In no event will the market value Market Value per Share of the shares of Common Stock to be withheld and delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. Participants will also make such arrangements as the Company may require for the payment of any withholding tax obligation that may arise in connection with the disposition of Common Stock acquired upon the exercise of Option Rights. View More

Withholding Taxes. To the extent that the Company is required to withhold federal, state, local or foreign taxes in connection with any payment made or benefit realized by a Participant or other person Grantee under this Plan, Agreement, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the Participant or such other person Grantee make arrangements satisfactory to the Company for payment of t...he balance of such taxes required to be withheld, which arrangements (in the discretion of the Committee) may include relinquishment of a portion of such benefit. If a Participant's benefit is to be received in the form of Common Stock, and such Participant Grantee fails to make arrangements for the payment of tax, then, unless otherwise determined by the Committee, the Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. Notwithstanding the foregoing, when a Participant Grantee is required to pay the Company an amount required to be withheld under applicable income and employment tax laws, the Participant Grantee may elect, unless otherwise determined by the Committee, elect to satisfy the obligation, in whole or in part, by having electing to have withheld, from the shares required to be delivered to the Participant, Grantee, shares of Common Stock having a value equal to the amount required to be withheld (except in the case of Restricted Stock where an election under Section 83(b) of the Code has been made), or by delivering to the Company other shares of Common Stock held by such Participant. withheld. The shares used for tax withholding will be valued at 20 an amount equal to the market value Market Value per Share of such shares of Common Stock on the date the benefit is to be included in Participant's Grantee's income. In no event will the market value of the shares of Common Stock to be withheld and delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. Participants will also make such arrangements as the Company may require for the payment of any withholding tax obligation that may arise in connection with the disposition of Common Stock acquired upon the exercise of Option Rights. View More

Withholding Taxes. To the extent that the Company is required to withhold federal, state, local or foreign taxes or other amounts in connection with any payment made or benefit realized by a Participant or other person under this Plan, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the Participant or such other person make arrangements satisfactory to the Company for payment of the balance... of such taxes or other amounts required to be withheld, which arrangements (in the discretion of the Committee) may include relinquishment of a portion of such benefit. If a With respect to Participants who are "officers" subject to Section 16 of the Exchange Act, if the Participant's benefit is to be received in the form of Common Stock, and such Participant fails to make arrangements for the payment of tax, then, unless otherwise determined by the Committee, the Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. Notwithstanding the foregoing, when a Participant is required to pay the Company an amount required to be withheld under applicable income and employment tax laws, the Participant may elect, unless otherwise determined by the Committee, to satisfy the obligation, in whole or in part, by having withheld, from the shares Stock required to be delivered to the Participant, shares of Common Stock having a value equal to the amount required to be withheld (except under applicable income and employment tax laws. With respect to Participants who are not "officers" subject to Section 16 of the Exchange Act, if the Participant's benefit is to be received in the case form of Restricted Stock, then, the Company may withhold from the Stock where an election under Section 83(b) of the Code has been made), or by delivering required to be delivered to the Company other Participant, shares of Common Stock held by such Participant. having a value equal to the amount required to be withheld under applicable income and employment tax laws. The shares Stock used for tax or other withholding will be valued at 20 an amount equal to the market value Fair Market Value of such Common Stock on the date the benefit is to be included in Participant's income. In no event will the market value Fair Market Value of the Common Stock to be withheld and delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit 16 exceed the minimum amount of taxes required to be withheld. withheld, unless (i) an additional amount can be withheld and not result in adverse accounting consequences, (ii) such additional withholding amount is authorized by the Committee, and (iii) the total amount withheld does not exceed the Participant's estimated tax obligations attributable to the applicable transaction. Participants will also make such arrangements as the Company may require for the payment of any withholding tax or other obligation that may arise in connection with the disposition of Common Stock acquired upon the exercise of Option Rights. Options. View More

Withholding Taxes. To the extent that the Company is required to withhold federal, state, local or foreign taxes in connection with any payment made or benefit realized by a Participant or other person under this Plan, the 2013 VSEP, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the Participant or such other person make arrangements satisfactory to the Company for payment of the balance o...f such taxes required to be withheld, which arrangements (in the discretion of the Committee) may include relinquishment of a portion of such benefit. If a Participant's benefit is to be received in the form of Common Stock, and such Participant fails to make arrangements for the payment of tax, then, unless otherwise determined by the Committee, the Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. Notwithstanding the foregoing, when a Participant is required to pay the Company an amount required to be withheld under applicable income and employment tax laws, the Participant may elect, unless otherwise determined by the Committee, to satisfy the obligation, in whole or in part, by having electing to have withheld, from the shares Common Shares required to be issued or delivered to the Participant, shares of Participant or otherwise vesting, Common Stock Shares having a value equal to the amount required to be withheld (except in the case of Restricted Stock where an election under Section 83(b) of the Code has been made), withheld, or by delivering to the Company other shares of Common Stock Shares held by such Participant. The shares Common Shares used for tax withholding will be valued at 20 an amount equal to the market value Market Value per Share of such Common Stock Shares on the date the benefit applicable amount is to be included in the Participant's income. In no event will the market value Market Value per Share of the Common Stock Shares to be withheld and or delivered pursuant to this Section 17 to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. Participants will also make such arrangements as the Company may require for the payment of any withholding tax obligation that may arise in connection with the disposition of Common Stock acquired upon the exercise of Option Rights. View More

Withholding Taxes. To the extent that the Company is required to withhold federal, state, local or foreign taxes in connection with any payment made or benefit realized by a Participant or other person under this Plan, the 2016 VSEP, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the Participant or such other person make arrangements satisfactory to the Company for payment of the balance o...f such taxes required to be withheld, which arrangements (in the discretion of the Committee) may include relinquishment of a portion of such benefit. If a Participant's benefit is to be received in the form of Common Stock, and such Participant fails to make arrangements for the payment of tax, then, unless otherwise determined by the Committee, the Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. Notwithstanding the foregoing, when a Participant is required to pay the Company an amount required to be withheld under applicable income and employment tax laws, the Participant may elect, unless otherwise determined by the Committee, to satisfy the obligation, in whole or in part, by having electing to have withheld, from the shares Common Shares required to be issued or delivered to the Participant, shares of Participant or otherwise vesting, Common Stock Shares having a value equal to the amount required to be withheld (except in the case of Restricted Stock where an election under Section 83(b) of the Code has been made), withheld, or by delivering to the Company other shares of Common Stock Shares held by such Participant. The shares Common Shares used for tax withholding will be valued at 20 an amount equal to the fair market value of such Common Stock Shares on the date the benefit applicable amount is to be included in the Participant's income. In no event will the fair market value of the Common Stock Shares to be withheld and or delivered pursuant to this Section 16 to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. Participants will also make such arrangements as the Company may require for the payment of any withholding tax obligation that may arise in connection with the disposition of Common Stock acquired upon the exercise of Option Rights. View More

Withholding Taxes. To the extent that the Company is required to withhold federal, state, local or foreign taxes or other amounts in connection with any payment made or benefit realized by a Participant or other person Person under this Plan, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the Participant or such other person Person make arrangements satisfactory to the Company for payment ...of the balance of such taxes or other amounts required to be withheld, which arrangements (in the discretion of the Committee) may include relinquishment of a portion of such benefit. If a Participant's benefit is to be received in the form of Common shares of Stock, and such Participant fails to make arrangements for the payment of tax, taxes or other amounts, then, unless otherwise determined by the Committee, the Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. Notwithstanding the foregoing, when a Participant is required to pay the Company an amount required to be withheld under applicable income and employment income, employment, tax or other laws, the Committee may require the Participant may elect, unless otherwise determined by the Committee, to satisfy the obligation, in whole or in part, by having withheld, from the shares of Stock delivered or required to be delivered to the Participant, shares of Common Stock having a value equal to the amount required to be withheld (except in the case of Restricted Stock where an election under Section 83(b) of the Code has been made), or by delivering to the Company other shares of Common Stock held by such Participant. The shares of Stock used for tax or other withholding will be valued at 20 an amount equal to the fair market value of such Common shares of Stock on the date the benefit is to be included in Participant's income. In no event will the fair market value of the Common shares of Stock to be withheld and delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit 16 exceed the minimum amount of taxes required to be withheld. withheld, unless (a) an additional amount can be withheld and not result in adverse accounting consequences and (b) such additional withholding amount is authorized by the Committee. Participants will also make such arrangements as the Company may require for the payment of any withholding tax or other obligation that may arise in connection with the disposition of Common shares of Stock acquired upon the exercise of Option Rights. View More

Withholding Taxes. To the extent that the Company is required to withhold federal, state, local or foreign taxes in connection with any payment made or benefit realized by a Participant or other person under this the Plan, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the Participant or such other person make arrangements satisfactory to the Company for payment of the balance of such taxe...s required to be withheld, which arrangements (in the discretion of the Committee) Board) may include relinquishment of a portion of such benefit. If a Participant's benefit is to be received in the form of Common Stock, Shares, and such Participant fails to make arrangements for the payment of tax, then, unless otherwise determined by the Committee, the Company will shall withhold shares of Common Stock such Shares having a value equal to that shall not exceed the statutory minimum amount required to be withheld. Notwithstanding the foregoing, when a Participant is required to pay the Company an amount required to be withheld under applicable income and employment tax laws, the Participant may elect, unless otherwise determined by or the Committee, Company may require the Participant, to satisfy the obligation, in whole or in part, by having electing to have withheld, from the shares Shares required to be delivered to the Participant, shares of Common Stock Shares having a value equal to the amount required to be withheld (except in the case of Restricted Stock where an election under Section 83(b) of the Code has been made), withheld, or by delivering to the Company other shares of Common Stock Shares held by such Participant. The shares Shares used for tax withholding will be valued at 20 an amount equal to the market value Market Value per Share of such Common Stock Shares on the date the benefit is to be included in Participant's income. In no event will the market value Market Value per Share of the Common Stock Shares to be withheld and or delivered pursuant to this Section 14 to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. Participants will shall also make such arrangements as the Company may require for the payment of any withholding tax obligation that may arise in connection with the disposition of Common Stock Shares acquired upon the exercise of Option Rights. View More

Withholding Taxes. To the extent that the Company is required to withhold federal, state, local or foreign taxes in connection with any payment made or benefit realized by a Participant or other person under this Plan, and 17 the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the Participant or such other person make arrangements satisfactory to the Company for payment of the balance of such taxes... required to be withheld, which arrangements (in the discretion of the Committee) Board or the Chief Executive Officer or his delegatee or delegatees, as applicable) may include relinquishment of a portion of such benefit. If a Participant's benefit is to be received in the form of Common Stock, Shares, and such Participant fails to make arrangements for the payment of tax, then, unless otherwise determined by the Committee, the Company will shall withhold shares of Common Stock such Shares having a value equal to the amount required to be withheld. Notwithstanding the foregoing, when a Participant is required to pay the Company an amount required to be withheld under applicable income and employment tax laws, the Participant may elect, unless otherwise determined by with the Committee, Company's approval, to satisfy the obligation, in whole or in part, by having electing to have withheld, from the shares required to be delivered to the Participant, shares of Common Stock Shares having a value equal to the amount required to be withheld (except in the case of Restricted Stock where an election under Section 83(b) of the Code has been made), or by delivering to the Company other shares of Common Stock Shares held by such Participant. The shares used for tax withholding will be valued at 20 an amount equal to the market value Market Value per Share of such Common Stock Shares on the date the benefit is to be included in the Participant's income. In no event will shall the market value Market Value per Share of the Common Stock Shares to be withheld and and/or delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. Participants will shall also make such arrangements as the Company may require for the payment of any withholding tax obligation that may arise in connection with the disposition of Common Stock Shares acquired upon the exercise of Option Rights. Notwithstanding the foregoing, the Company may, at any time, in its discretion, withhold for federal, state, local or foreign taxes in connection with any payment made or benefit realized by a Participant or other person under this Plan. View More