Withholding Clause Example from Business Contracts

This example Withholding clause appears in 11 contracts from 7 companies

Withholding. In the event that any federal, state, or local income taxes, employment taxes, Federal Insurance Contributions Act withholdings or other amounts are required by applicable law or governmental regulation to be withheld from the Participant's salary, wages or other remuneration in connection with the issuance of a Stock Right or Shares under the Plan or for any other reason required by law, the Company may withhold from the Participant's compensation, if any, or may require that the Participant ad...vance in cash to the Company, or to any Affiliate of the Company which employs or employed the Participant, the statutory minimum amount of such withholdings unless a different withholding arrangement, including the use of shares of the Company's Common Stock or a promissory note, is authorized by the Administrator (and permitted by law). For purposes hereof, the fair market value of the shares withheld for purposes of payroll withholding shall be determined in the manner set forth under the definition of Fair Market Value provided in Paragraph 1 above, as of the most recent practicable date. If the Fair Market Value of the shares withheld is less than the amount of payroll withholdings required, the Participant may be required to advance the difference in cash to the Company or the Affiliate employer. View More
Found in Myriad Genetics, Inc. contract
Myriad Genetics, Inc. Contracts

Myriad Genetics, Inc. 2017 Employee, Director and Consultant Equity Incentive Plan, as amended (Filed With SEC on December 6, 2019)

2017 Employee, Director and Consultant Equity Incentive Plan, as amended as of October 9, 2020 (Filed With SEC on October 15, 2020)

Myriad Genetics, Inc. 2017 Employee, Director and Consultant Equity Incentive Plan, as amended (Filed With SEC on November 30, 2018)

Myriad Genetics, Inc. 2017 Employee, Director and Consultant Equity Incentive Plan (Filed With SEC on December 1, 2017)

Longview Acquisition Corp. Contracts

Butterfly Network, Inc. 2020 Equity Incentive Plan (Filed With SEC on February 16, 2021)

Butterfly Network, Inc. Amended and Restated 2020 Equity Incentive Plan (Filed With SEC on March 29, 2021)

Pivotal Investment Corp II Contracts

XL Fleet Corp. 2020 Equity Incentive Plan (Filed With SEC on March 31, 2021)

HighCape Capital Acquisition Corp. Contracts

Quantum-Si Incorporated 2021 Equity Incentive Plan (Filed With SEC on June 15, 2021)

HealthCor Catalio Acquisition Corp. Contracts

Hyperfine, Inc. 2021 Equity Incentive Plan (Filed With SEC on December 28, 2021)

D8 Holdings Corp. Contracts

Vicarious Surgical Inc. 2021 Equity Incentive Plan, as amended, and forms of agreement thereunder (Filed With SEC on June 3, 2022)

LAAA Merger Corp. Contracts

2022 Equity Incentive Plan for ProSomnus, Inc (Filed With SEC on December 13, 2022)