Withholding Clause Example with 10 Variations from Business Contracts

Withholding. The Participant acknowledges that the Company shall require the Participant or other person to pay to the Company in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company to such authority for the account of the Participant, and the Participant agrees, as a condition to the grant of the Award Option and delivery of the Shares or any other benefit, to satisfy such obligations. Notwithstanding the foregoing, the Administrator ...may in its discretion establish procedures to permit the Participant to satisfy such obligation in whole or in part, and any local, state, federal, foreign Stock Option Agreement (Employees – without Employment Agreement)Rev. April 20188 or other income tax obligations relating to the Award, Option, by electing (the "election") to deliver to the Company shares of Common Stock held by the Participant (which are fully vested and not subject to any pledge or other security interest) and/or have the Company withhold shares of Common Stock from the Shares to which the Participant is otherwise entitled. The number of shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but to, but not exceeding) exceeding (unless otherwise permitted by the Administrator in a manner in accordance with Applicable Law and applicable accounting principles), the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator. Administrator.16. Administration. The authority to construe and interpret this Agreement and the Plan, and to administer all aspects of the Plan, shall be vested in the Administrator, and the Administrator shall have all powers with respect to this Agreement as are provided in the Plan. Any interpretation of this Agreement by the Administrator and any decision made by it with respect to this Agreement shall be final and binding.17. Notices. Except as may be otherwise provided by the Plan or determined by the Administrator, any written notices provided for in this Agreement or the Plan shall be in writing and shall be deemed sufficiently given if either hand delivered or if sent by fax or overnight courier, or by postage paid first class mail. Notices sent by mail shall be deemed received three business days after mailed but in no event later than the date of actual receipt. Notices shall be directed, if to the Participant, at the Participant's address indicated in the Company's records, or if to the Company, at the Company's principal office. View More

Withholding. The Participant acknowledges that the Company shall require the Participant or other person to pay to the Company in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company to such authority for the account of the Participant, and the Participant agrees, as a condition to the grant of the Award Option and delivery of the Shares or any other benefit, to satisfy such obligations. Notwithstanding the foregoing, the Administrator ...may in its discretion establish procedures to permit the Participant to satisfy such obligation in whole or in part, and any local, state, federal, foreign or other income tax obligations relating to the Award, Option, by electing (the "election") to deliver to the Company shares of Common Stock held by the Participant (which are fully vested and not subject to any pledge or other security interest) and/or have the Company withhold shares of Common Stock from the Shares to which the Participant is otherwise entitled. The number of shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but to, but not exceeding) exceeding (unless otherwise permitted by the Administrator in a manner in accordance with Applicable Law and applicable accounting principles), the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator. Administrator.16. Administration. The authority to construe and interpret this Agreement and the Plan, and to administer all aspects of the Plan, shall be vested in the Administrator, and the Administrator shall have all powers with respect to this Agreement as are provided in the Plan. Any interpretation of this Agreement by the Administrator and any decision made by it with respect to this Agreement shall be final and binding.17. Notices. Except as may be otherwise provided by the Plan or determined by the Administrator, any written notices provided for in this Agreement or the Plan shall be in writing and shall be deemed sufficiently given if either hand delivered or if sent by fax or overnight courier, or by postage paid first class mail. Notices sent by mail shall be deemed received three business days after mailed but in no event later than the date of actual receipt. Notices shall be directed, if to the Participant, at the Participant's address indicated in the Company's records, or if to the Company, at the Company's principal office. View More

Withholding. The Participant acknowledges that the Company shall require the Participant to pay the Company in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company to such authority for the account of the Participant, and the Participant agrees, as a condition to the grant of the Award Option and delivery of the Shares or any other benefit, to satisfy such obligations. Notwithstanding the foregoing, the Administrator may in its discreti...on establish procedures to permit the Participant to satisfy such obligation in whole or in part, and any other local, state, federal, foreign or other income tax obligations relating to the Award, Option, by electing (the "election") to have the Company withhold shares of Common Stock from the Shares to which the Participant is otherwise entitled. The number of shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator. Administrator.16. Administration. The authority to construe and interpret this Agreement and the Plan, and to administer all aspects of the Plan, shall be vested in the Administrator, and the Administrator shall have all powers with respect to this Agreement as are provided in the Plan. Any interpretation of this Agreement by the Administrator and any decision made by it with respect to this Agreement shall be final and binding.17. Notices. Except as may be otherwise provided by the Plan or determined by the Administrator, any written notices provided for in this Agreement or the Plan shall be in writing and shall be deemed sufficiently given if either hand delivered or if sent by fax or overnight courier, or by postage paid first class mail. Notices sent by mail shall be deemed received three business days after mailed but in no event later than the date of actual receipt. Notices shall be directed, if to the Participant, at the Participant's address indicated in the Company's records, or if to the Company, at the Company's principal office. View More

Withholding. The Participant acknowledges that the Company Corporation shall require the Participant to pay the Company Corporation in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company Corporation to such authority for the account of the Participant, and the Participant agrees, as a condition to the grant of the Award Option and delivery of the Shares or any other benefit, Shares, to satisfy such obligations. Notwithstanding the fore...going, the Administrator may in its discretion establish procedures to permit the Participant to satisfy such obligation obligations in whole or in part, and any other local, state, federal, foreign or other income tax obligations relating to the Award, Option, by electing (the "election") to have the Company Corporation withhold shares of Common Stock from the Shares to which the Participant is otherwise entitled. The number of shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator. Notwithstanding the foregoing, share withholding to satisfy such tax obligations shall not be available in connection with any exercise of the Option during the first three years of the Corporation's operations and, subsequent to such first three years, such share withholding shall not be available if it would represent a safety and soundness issue to the Corporation, based on applicable bank regulatory laws and regulations and other guidance. View More

Withholding. The Participant acknowledges that the Company Corporation shall require the Participant to pay the Company Corporation in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company Corporation to such authority for the account of the Participant, and the Participant agrees, as a condition to the grant of the Award and delivery of the Shares or any other benefit, Shares, to satisfy such obligations. Notwithstanding the foregoing, ...the Administrator may in its discretion establish procedures to permit the Participant to satisfy such obligation obligations in whole or in part, and any other local, state, federal, foreign or other income tax obligations relating to the Award, by electing (the "election") to have the Company Corporation withhold shares of Common Stock from the Shares to which the Participant is otherwise entitled. The number of shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator. Notwithstanding the foregoing, share withholding to satisfy such tax obligations shall not be available in connection with any vesting of the Award during the first three years of the Corporation's operations and, subsequent to such first three years, such share withholding shall not be available if it would represent a safety and soundness issue to the Corporation, based on applicable bank regulatory laws and regulations and other guidance. View More

Withholding. The Participant acknowledges that the Company shall require the Participant to pay the Company in cash the amount amount, if any, of any tax or other amount required by any governmental authority to be withheld and paid over by the Company to such authority for the account of the Participant, and the Participant agrees, as a condition to the grant of the Award and delivery of the Shares Incentive Units or any other benefit, to satisfy such obligations. Notwithstanding the 7 foregoing, the Admini...strator may in its discretion establish procedures to permit the Participant to satisfy such obligation obligations in whole or in part, and any local, state, federal, foreign or other income tax obligations relating to the Award, by electing (the "election") to have the Company withhold shares of Common Stock Incentive Units from the Shares number of Incentive Units to which the Participant recipient is otherwise entitled. The number of shares Incentive Units to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator. View More

Withholding. The Participant acknowledges that the Company shall require the Participant to pay the Company in cash the amount amount, if any, of any tax or other amount required by any governmental authority to be withheld and paid over by the Company to such authority for the account of the Participant, and the Participant agrees, as a condition to the grant of the Award and delivery of the Shares Incentive Units or any other benefit, to satisfy such obligations. Notwithstanding the foregoing, the Administ...rator may in its discretion establish procedures to permit the Participant to satisfy such obligation obligations in whole or in part, and any local, state, federal, foreign or other income tax obligations relating to the Award, by electing (the "election") to have the Company withhold shares of Common Stock Incentive Units from the Shares number of Incentive Units to which the Participant recipient is otherwise entitled. The number of shares Incentive Units to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator. View More

Withholding. The Participant acknowledges that the Company Corporation shall require the Participant to pay the Company Corporation in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company Corporation to such authority for the account of the Participant, and the Participant agrees, as a condition to the grant of the Award Option and delivery of the Shares or any other benefit, Shares, to satisfy such obligations. Notwithstanding the fore...going, the Administrator may in its discretion establish procedures to permit the Participant to satisfy such obligation obligations in whole or in part, and any other local, state, federal, federal or foreign or other income tax obligations relating to the Award, Option, by electing (the "election") to have the Company Corporation withhold shares of Common Stock from the Shares to which the Participant is otherwise entitled. The number of shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator. View More

Withholding. The Participant acknowledges that the Company Corporation shall require the Participant or other person to pay to the Company Corporation in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company Corporation to such authority for the account of the Participant, and the Participant agrees, as a condition to the grant of the Award Option and delivery of the Shares or any other benefit, Shares, to satisfy such obligations. Notwi...thstanding the foregoing, the Administrator may may, in its discretion discretion, establish procedures to permit the Participant to satisfy such obligation obligations in whole or in part, and any other local, state, federal, federal or foreign or other income tax obligations relating to the Award, Option, by electing (the "election") to have the Company Corporation withhold shares of Common Stock from the Shares to which the Participant is otherwise entitled. The number of shares the Shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator. View More

Withholding. The Participant acknowledges that the Company shall require the Participant or other person to pay to the Company in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company to such authority for the account of the Participant, and the Participant agrees, as a condition to the grant of the Award and delivery of the Shares or any other benefit, to satisfy such obligations. Notwithstanding the foregoing, the Administrator may in ...its discretion establish procedures to permit the Participant to satisfy such obligation in whole or in part, and any local, state, federal, foreign or other income tax obligations relating to the Award, by electing (the "election") to deliver to the Company shares of Common Stock held by the Participant (which are fully vested and not subject to any pledge or other security interest) and/or have the Company withhold shares of Common Stock from the Shares to which the Participant is otherwise entitled. The number of shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but to, but not exceeding) exceeding (unless otherwise permitted by the Administrator in a manner in accordance with Applicable Law and applicable accounting principles), the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator. View More