Withholding Clause Example with 8 Variations from Business Contracts
This page contains Withholding 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. (a) Subject to Section 4(b) of this Agreement, the Participant shall be required to pay to the Company, and the Company shall have the right and is hereby authorized to withhold, from any shares of Common Stock other property deliverable under the Option or from any compensation (including from payroll or any other amounts payable to the Participant) the amount (in cash, Common Stock, or other property) of any required withholding taxes in respect of an Award, its exercise, or any other payment ...or transfer of the Option and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and taxes; provided, however, that no amounts shall be withheld in excess of the Company's statutory minimum withholding liability. (b) Without limiting the generality of the foregoing, to the extent permitted by the Committee, the Participant may satisfy, in whole or in part, the foregoing withholding liability by delivery of Shares held by the Participant (which are fully vested and not subject to any pledge or other security interest) or by having the Company withhold from the number of Shares otherwise deliverable to the Participant hereunder Shares with a Fair Market Value not in excess of the statutory minimum withholding liability. The Participant agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local and foreign tax withholding obligations of the Company which may arise in connection with the Option.View More
Variations of a "Withholding" Clause from Business Contracts
Withholding. (a) Subject to Section 4(b) of this Agreement, the The Participant shall may be required to pay to the Company, Company or any Affiliate, and the Company shall have the right and is hereby authorized to withhold, from any shares of Common Stock other property deliverable under the Option or from any compensation withhold (including from payroll or any other amounts payable to the Participant) the amount (in cash, Common Stock, or other property) of Participant), any required applicable withholdi...ng taxes in respect of an Award, the Option, its exercise, exercise or any other payment or transfer of under or with respect to the Option and to take such other action as may be necessary in the opinion of the Committee or the Company Administrator to satisfy all obligations for the payment of such withholding and taxes; provided, however, that no amounts shall be withheld in excess of the Company's statutory minimum withholding liability. (b) Without limiting the generality of the foregoing, to the extent permitted by the Committee, Administrator, the Participant may satisfy, in whole or in part, the foregoing withholding liability by delivery of Shares shares of Common Stock held by the Participant (which are fully vested and not subject to any 5 pledge or other security interest) or by having the Company withhold from the number of Shares otherwise deliverable to the Participant hereunder Shares with a Fair Market Value not in excess of the statutory minimum withholding liability. The Participant further agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local and foreign tax withholding obligations of the Company which may arise in connection with the Option. (b) The Participant acknowledges that the Company has made no warranties or representations to the Participant with respect to the tax consequences (including but not limited to income tax consequences) with respect to the transactions contemplated by this Agreement, and the Participant is in no manner relying on the Company or its representatives for an assessment of such tax consequences. The Participant acknowledges that there may be adverse tax consequences upon the grant, vesting or exercise of the Option and/or the acquisition or disposition of the Shares subject to the Option and that he has been advised that he should consult with his own attorney, accountant and/or tax advisor regarding the decision to enter into this Agreement and the consequences thereof. The Participant also acknowledges that the Company has no responsibility to take or refrain from taking any actions in order to achieve a certain tax result for the Participant. View More
Withholding. (a) Subject to Section 4(b) of this Agreement, the The Participant shall may be required to pay to the Company, Company or any Affiliate and the Company shall have the right and is hereby authorized to withhold, from any shares of Common Stock other property deliverable under the Option or from any compensation withhold (including from payroll or any other amounts payable to the Participant) the amount (in cash, Common Stock, or other property) of Participant), any required applicable withholdin...g taxes in respect of an Award, the Option, its exercise, exercise or any other payment or transfer of under or with respect to the Option and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and taxes; provided, however, that no amounts shall be withheld in excess of the Company's statutory minimum withholding liability. (b) Without limiting the generality of the foregoing, to the extent permitted by the Committee, the Participant may satisfy, in whole or in part, the foregoing withholding liability by delivery of Shares held by the Participant (which are fully vested and not subject to any pledge or other security interest) or by having the Company withhold from the number of Shares otherwise deliverable to the Participant hereunder Shares with a Fair Market Value not in excess of the statutory minimum withholding liability. The Participant further agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local and foreign tax withholding obligations of the Company which may arise in connection with the Option. (b) The Participant acknowledges that the Company has made no warranties or representations to the Participant with respect to the tax consequences (including but not limited to income tax consequences) with respect to the transactions contemplated by this Agreement, and the Participant is in no manner relying on the Company or its representatives for an assessment of such tax consequences. The Participant acknowledges that there may be adverse tax consequences upon the grant, vesting or exercise of the Option and/or the acquisition 5 or disposition of the Shares subject to the Option and that he or she has been advised that he or she should consult with his or her own attorney, accountant and/or tax advisor regarding the decision to enter into this Agreement and the consequences thereof. The Participant also acknowledges that the Company has no responsibility to take or refrain from taking any actions in order to achieve a certain tax result for the Participant. View More
Withholding. (a) Subject to Section 4(b) of this Agreement, the The Participant shall be required to pay to the Company, Company or any Affiliate, and the Company shall have the right and is hereby authorized to withhold, from any shares of Common Stock other property deliverable under the Option Ordinary Shares or from any compensation (including from payroll or any other amounts payable to the Participant) the amount (in cash, Common Stock, Ordinary Shares, or other property) of any required withholding ta...xes in respect of an Award, its exercise, or any other payment or transfer of the Option a Restricted Share Unit award, and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and other taxes; provided, however, that no amounts shall be withheld in excess of the Company's statutory minimum withholding liability. (b) Without limiting the generality of the foregoing, to the extent permitted by the Committee, the Participant may may, subject to applicable law, satisfy, in whole or in part, the foregoing withholding liability by delivery surrender for nil value of Ordinary Shares held by the Participant (which are fully vested and not subject to any pledge or other security interest) to the 7 Company or by having the Company withhold from the number of Ordinary Shares otherwise deliverable issuable to the Participant hereunder Ordinary Shares with a Fair Market Value not in excess of the statutory minimum withholding liability. The Participant agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local and foreign tax withholding obligations of the Company which may arise in connection with the Option. this Restricted Share Unit award. View More
Withholding. (a) Subject to Section 4(b) of this Agreement, the The Participant shall be required to pay to the Company, Company or any Affiliate, and the Company shall have the right and is hereby authorized to withhold, from any shares of Common Stock other property deliverable under the Option Ordinary Shares or from any compensation (including from payroll or any other amounts payable to the Participant) the amount (in cash, Common Stock, Ordinary Shares, or other property) of any required withholding ta...xes in respect of an Award, its exercise, or any other payment or transfer of the Option a Restricted Share Unit award, and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and other taxes; provided, however, that no amounts shall be withheld in excess of the Company's statutory minimum withholding liability. (b) Without limiting the generality of the foregoing, to the extent permitted by the Committee, the Participant may may, subject to applicable law, satisfy, in whole or in part, the foregoing withholding liability by delivery surrender for nil value of Ordinary Shares held by the Participant (which are fully vested and not subject to any pledge or other security interest) to the 6 Company or by having the Company withhold from the number of Ordinary Shares otherwise deliverable issuable to the Participant hereunder Ordinary Shares with a Fair Market Value not in excess of the statutory minimum withholding liability. The Participant agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local and foreign tax withholding obligations of the Company which may arise in connection with the Option. this Restricted Share Unit award. View More
Withholding. (a) Subject to Section 4(b) of this Agreement, the Participant shall be required to pay to the Company, Company or any Affiliate, and the Company shall have the right and is hereby authorized to withhold, from any shares of Common Stock other property deliverable under the Option Ordinary Shares or from any compensation (including from payroll or any other amounts payable to the Participant) the amount (in cash, Common Stock, Ordinary Shares, or other property) of any required withholding taxes ...in respect of an Award, its exercise, or any other payment or transfer of the Option and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and other taxes; provided, however, that no amounts shall be withheld in excess of the Company's statutory minimum withholding liability. (b) Without limiting the generality of the foregoing, to the extent permitted by the Committee, the Participant may may, subject to applicable law, satisfy, in whole or in part, the foregoing withholding liability by delivery surrender for nil value of Ordinary Shares held by the Participant (which are fully vested and not subject to any pledge or other security interest) to the Company or by having the Company withhold from the number of Ordinary Shares otherwise deliverable issuable to the Participant hereunder Ordinary Shares with a Fair Market Value not in excess of the statutory minimum withholding liability. The Participant agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local and foreign tax withholding obligations of the Company which may arise in connection with the Option. 8 10. Securities Laws. Upon the acquisition of any Ordinary Shares pursuant to the exercise of the Option, the Participant will make or enter into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws, the Plan or with this Agreement. View More
Withholding. (a) Subject to Section 4(b) of this Agreement, the The Participant shall be required to pay to the Company, Company or any Affiliate and the Company shall have the right and is hereby authorized to withhold, from any shares of Common Stock other property deliverable under the Option Shares or from any compensation (including from payroll or any other amounts payable to the Participant) the amount (in cash, Common Stock, Shares, or other property) of any required withholding taxes in respect of a...n this Restricted Stock Award, its exercise, or any other payment or transfer of the Option and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and taxes; provided, however, that no amounts shall be withheld in excess of the Company's statutory minimum withholding liability. (b) Without limiting the generality of the foregoing, to the extent permitted by the Committee, the Participant may satisfy, in whole or in part, the foregoing withholding liability by delivery of Shares held by the Participant (which are fully vested and not subject to any pledge or other security interest) or by having the Company withhold from the number of Shares otherwise deliverable to the Participant hereunder Shares with a Fair Market Value fair market value not in excess of the statutory minimum withholding liability. The Participant agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local and foreign tax withholding obligations of the Company which may arise in connection with this Restricted Stock Award. 3 10. Securities Laws; Cooperation. Upon the Option. vesting of any Restricted Shares, the Participant will make or enter into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws, the Plan or with this Agreement. Participant further agrees to cooperate with the Company in taking any action reasonably necessary or advisable to consummate the transactions contemplated by this Agreement. View More
Withholding. (a) Subject to Section 4(b) of this Agreement, the The Participant shall be required to pay to the Company, Company or any Affiliate, and the Company shall have the right and is hereby authorized to withhold, from any shares of Common Stock other property deliverable under the Option Shares, any Cash Value or from any compensation (including from payroll or any other amounts payable to the Participant) the amount (in cash, Common Stock, Shares, or other property) of any required withholding or o...ther 5 taxes in respect of an Award, its exercise, or any other payment or transfer of the Option a Restricted Stock Unit award, and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and other taxes; provided, however, that no amounts shall be withheld in excess of the Company's statutory minimum withholding liability. (b) Without limiting the generality of the foregoing, to the extent permitted by the Committee, the Participant may may, subject to applicable law, satisfy, in whole or in part, the foregoing withholding liability by delivery of Shares held by the Participant (which are fully vested and not subject to any pledge or other security interest) or by having the Company withhold from the number of Shares otherwise deliverable issuable to the Participant hereunder Shares with a Fair Market Value not in excess of the statutory minimum withholding liability. The Participant agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local and foreign tax withholding obligations of the Company which may arise in connection with the Option. this Restricted Stock Unit award. View More
Withholding. (a) Subject to Section 4(b) of this Agreement, the The Participant shall may be required to pay to the Company, Company or any Affiliate and the Company shall have the right and is hereby authorized to withhold, from any shares of Common Stock other property deliverable under the Option or from any compensation withhold (including from payroll or any other amounts payable to the Participant) the amount (in cash, Common Stock, or other property) of Participant), any required applicable withholdin...g taxes in respect of an Award, the Option, its exercise, exercise or any other payment or transfer of under or with respect to the Option and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and taxes; provided, however, that no amounts shall be withheld in excess of the Company's statutory minimum withholding liability. (b) Without limiting the generality of the foregoing, to the extent permitted by the Committee, the Participant may satisfy, in whole or in part, the foregoing withholding liability by delivery of Shares held by the Participant (which are fully vested and not subject to any pledge or other security interest) or by having the Company withhold from the number of Shares otherwise deliverable to the Participant hereunder Shares with a Fair Market Value not in excess of the statutory minimum withholding liability. The Participant further agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local and foreign tax withholding obligations of the Company which may arise in connection with the Option. View More
