Grouped Into 206 Collections of Similar Clauses From Business Contracts
This page contains Withholding clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Withholding. The Company may withhold from any amounts payable under this Agreement all federal, state, city, or other taxes as legally shall be required. The Company may, at its option (a) require the Executive to pay to the Company in cash such amount as may be required to satisfy such withholding obligations or (b) make other satisfactory arrangements with the Executive to satisfy such withholding obligations.
Withholding. The Company may withhold from any amounts payable under this Agreement all federal, state, city, or other taxes as legally shall be required. The Company may, at its option (a) require the Executive to pay to the Company in cash such amount as may be required to satisfy such withholding obligations or (b) make other satisfactory arrangements with the Executive to satisfy such withholding obligations. 14 11. Amendment or Termination. This Agreement may be amended at any time by written agreement ...between the Company and the Executive. View More
Withholding. If and to the extent required by applicable law, distributions under the Plan are subject to withholding of all applicable taxes, and Sysco may condition the delivery of any shares or other Plan benefits on satisfaction of the applicable withholding obligations. Sysco, in its discretion, may either: (a) require Director to pay to Sysco an amount sufficient to satisfy any local, state, Federal and foreign income tax, employment tax and insurance withholding requirements prior to the delivery of a...ny payment or stock owing to Director pursuant to the Restricted Stock Award; or, in its discretion, (b) permit Director to surrender shares of Common Stock which Director already owns, or reduces the number of shares to be delivered to Director by that number of shares of the Restricted Stock Award, in each case in an amount sufficient to satisfy all or a portion of such tax or other withholding requirements, but only to the extent of the minimum amount required to be withheld under applicable law. Any such shares of Common Stock surrendered or otherwise tendered shall be valued at the Fair Market Value thereof, as defined in the Plan.View More
Withholding. If and to the extent required by applicable law, All distributions under the Plan are subject to withholding of all applicable taxes, and Sysco may condition the delivery of any shares or other Plan benefits on satisfaction of the applicable withholding obligations. Sysco, in its discretion, may either: (a) require Director you to pay to Sysco an amount sufficient to satisfy any local, state, Federal and foreign income tax, employment tax and insurance withholding requirements prior to the deliv...ery of any payment or stock owing to Director you pursuant to the Restricted Stock Award; or, in its discretion, (b) permit Director you to surrender shares of Common Stock which Director you already owns, own, or reduces reduce the number of shares to be delivered to Director you by that number of shares of the Restricted Stock Award, in each case in an amount sufficient to satisfy all or a portion of such tax or other withholding requirements, but only to the extent of the minimum amount required to be withheld under applicable law. Any such shares of Common Stock surrendered or otherwise tendered shall be valued at the Fair Market Value thereof, as defined in the Plan. View More
Withholding. a. The Company shall have the right to withhold from or to collect as a condition of payment, any taxes required by law to be withheld. At any time when Employee is required to pay to the Company an amount required to be withheld under applicable income tax laws upon exercise of the Option, Employee may satisfy this obligation in whole or in part by electing (the "Election") to have the Company withhold, from such Shares, shares of the Common Stock having a value up to the minimum amount of with...holding taxes required to be collected on the transaction. The value of the shares to be withheld shall be based on the Fair Market Value of the Common Stock on the date that the amount of tax to be withheld shall be determined (Tax Date"). 3 b. Each Election must be made before the Tax Date. The Committee may disapprove of any Election, may suspend or terminate the right to make elections, or may provide with respect to the Option that the right to make Elections shall not apply to the Option. An Election is irrevocable.View More
Withholding. a. The Company shall have the right to withhold from any payments made under the Plan or to collect as a condition of payment, any taxes required by law to be withheld. At any time when Employee a Participant is required to pay to the Company an amount required to be withheld under applicable income tax laws upon exercise in connection with a distribution of BRAC shares under the Option, Employee Award, the Participant may satisfy this obligation in whole or in part by electing (the "Election") ...to have the Company withhold, withhold from such Shares, the distribution shares of the Common Stock BRAC common stock having a value up to the minimum amount of withholding taxes required to be collected on the transaction. The value of the shares to be withheld shall be based on the Fair Market Value value received by the Company on sale of the Common Stock BRAC common stock on the date that the amount of tax to be withheld shall be determined (Tax ("Tax Date"). 3 b. Each Election must be made before prior to the Tax Date. Date in accordance with procedures established by the Company. The Committee Board may disapprove of any Election, may suspend or terminate the right to make elections, Elections, or may provide with respect to the Option any Award that the right to make Elections shall not apply to the Option. such Award. An Election is irrevocable. View More
Withholding. TSM will withhold all amounts from the compensation of the CEO pursuant to law, such as social security security, Medicare, and income tax.
Withholding. All amounts paid pursuant to this Agreement shall be subject to withholding for taxes (federal, state, local or otherwise) to the extent required by applicable law.
Withholding. All amounts paid pursuant to this Agreement shall be subject to withholding for taxes (federal, state, local local, social security or otherwise) to the extent required by applicable law.
Withholding. The Company will be entitled to withhold from any amounts payable under this Agreement any federal, state, local or foreign withholding or other taxes or charges which the Company reasonably determines to be required to be withheld pursuant to applicable law. The Company will use commercially reasonable efforts to establish a relationship with a broker-dealer to facilitate the sale of shares acquired on the vesting or exercise of any equity or equity-based compensation granted to Executive by th...e Company to enable Executive to satisfy all applicable withholding taxes due in connection with such vesting or exercise; provided that if the Company does not establish any such relationship, Executive may satisfy such withholding obligations by instructing the Company to retain shares otherwise deliverable to Executive upon the vesting or exercise of any such equity or equity-based award with a fair market value not exceeding the minimum amount required to be withheld by applicable law.22. Headings. The headings of the Sections and sub-sections contained in this Agreement are for convenience only and will not be deemed to control or affect the meaning or construction of any provision of this Agreement.23. Counterparts. This Agreement may be executed in two or more counterparts. Signatures delivered by facsimile (including, without limitation, by "pdf") will be deemed effective for all purposes. 25 Exhibit 10.3 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above. Chimera Investment Corporation By: _/s/ Gerard Creagh__________ Name: Gerard CreaghTitle: Chairman of the Compensation Committee of the Board of Directors _/s/ Mohit Marria_____________Name: Mohit Marria Title: Chief Investment Officer 26 Exhibit 10.3 Exhibit A Incentive Compensation I. Annual Cash Bonus. The following summarizes the material terms of the Annual Cash Bonus set forth in Section 3(b)(i) of the Agreement to which this Exhibit A is attached (the "Agreement"). Unless otherwise specified in this Exhibit A, all defined terms have the meanings set forth in the Agreement.1. Performance Period. The Annual Cash Bonus will be payable for each calendar year during the Term of Employment (each, an "Annual Cash Bonus Performance Period"). The metrics described below will apply to the following Annual Cash Bonus Performance Periods:•January 1, 2019 through December 31, 2019•January 1, 2020 through December 31, 2020•January 1, 2021 through December 31, 2021The metrics for subsequent Annual Cash Bonus Performance Periods will be determined by the Compensation Committee, in good faith, in consultation with, and subject to agreement of, the CEO. Except as otherwise provided in the Agreement, Executive will be eligible to receive the Annual Cash Bonus only if Executive remains employed by the Company through the last day of the applicable Annual Cash Bonus Performance Period. In no event will Executive receive any unpaid Annual Cash Bonus in the event Executive's employment is terminated by the Company for Cause. For the avoidance of doubt, Executive will not be entitled to an Annual Cash Bonus for any Annual Cash Bonus Performance Period beginning on or after termination of Executive's employment for any reason. Except as otherwise provided in the Agreement, any Annual Cash Bonus will be subject to achievement of the performance goals described in this Exhibit.View More
Withholding. The Company will be entitled to withhold from any amounts payable under this Agreement any federal, state, local or foreign withholding or other taxes or charges which the Company reasonably determines to be required to be withheld pursuant to applicable law. The Company will use commercially reasonable efforts to establish a relationship with a broker-dealer to facilitate the sale of shares acquired on the vesting or exercise of any equity or equity-based compensation granted to Executive by th...e Company to enable Executive to satisfy all applicable withholding taxes due in connection with such vesting or exercise; provided that if the Company does not establish any such relationship, Executive may satisfy such withholding obligations by instructing the Company to retain shares otherwise deliverable to Executive upon the vesting or exercise of any such equity or equity-based award with a fair market value not exceeding the minimum amount required to be withheld by applicable law.22. Headings. law.2.Headings. The headings of the Sections and sub-sections contained in this Agreement are for convenience only and will not be deemed to control or affect the meaning or construction of any provision of this Agreement.23. Counterparts. Agreement.3.Counterparts. This Agreement may be executed in two or more counterparts. Signatures delivered by facsimile (including, without limitation, by "pdf") will be deemed effective for all purposes. 25 Exhibit 10.3 IN 10.1IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above. Chimera Investment Corporation By: _/s/ Gerard Creagh__________ Name: Gerard CreaghTitle: Chairman Creagh Title: Member of the Compensation Committee of the Board of Directors _/s/ Mohit Marria_____________Name: Mohit Marria Title: Chief Investment Officer 26 Exhibit 10.3 Subramaniam Viswanathan__ Name: Subramaniam Viswanathan Exhibit A Incentive Compensation I. Annual Cash Bonus. The following summarizes the material terms of the Annual Cash Bonus set forth in Section 3(b)(i) of the Agreement to which this Exhibit A is attached (the "Agreement"). Unless otherwise specified in this Exhibit A, all defined terms have the meanings set forth in the Agreement.1. Agreement.1.2021 Bonus; Performance Period. The Executive will receive an Annual Cash Bonus for the 2021 calendar year in the amount of $1,000,000 in December 2021, subject to continued employment through the payment date. For subsequent years, the Annual Cash Bonus will be payable for each calendar year during the Term of Employment after 2021 (each, an "Annual Cash Bonus Performance Period"). The metrics described below will apply to the following Annual Cash Bonus Performance Periods:•January Period:a.January 1, 2019 2022 through December 31, 2019•January 1, 2020 through December 31, 2020•January 1, 2021 through December 31, 2021The 2022The metrics for subsequent Annual Cash Bonus Performance Periods will be determined by the Compensation Committee, in good faith, in consultation with, and subject to agreement of, the CEO. Except as otherwise provided in the Agreement, Executive will be eligible to receive the Annual Cash Bonus only if Executive remains employed by the Company through the last day of the applicable Annual Cash Bonus Performance Period. In no event will Executive receive any unpaid Annual Cash Bonus in the event Executive's employment is terminated by the Company for Cause. For the avoidance of doubt, Executive will not be entitled to an Annual Cash Bonus for any Annual Cash Bonus Performance Period beginning on or after termination of Executive's employment for any reason. Except as otherwise provided in the Agreement, any Annual Cash Bonus will be subject to achievement of the performance goals described in this Exhibit. View More
Withholding. 15.1 Tax Withholding. The Company shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, the minimum statutory amount to satisfy federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Plan prior to making any payments hereunder. 15.2 Share Withholding. With respect to withholding required upon the exercise of Options or Stock Appreciation ...Rights, upon the lapse of restrictions on Restricted Shares and Restricted Stock Units, or upon the achievement of performance goals related to Performance Share Awards, or any other taxable event arising as a result of an Award granted hereunder, Participants may elect, subject to the approval of the Committee, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax that could be imposed on the transaction. All such elections shall be irrevocable, made in writing or electronically, and signed or acknowledged electronically by the Participant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate.View More
Withholding. 15.1 Tax Withholding. The Company shall have the power and the right to deduct or withhold, or require a the Participant to remit to the Company, the minimum statutory an amount sufficient to satisfy federal, state, state and local taxes, taxes (including Participant's FICA obligation), domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Plan prior to making any payments hereunder. 15.2 Plan. Share Withholding. With resp...ect to withholding required upon the exercise of Options or Stock Appreciation Rights, upon the lapse of restrictions on Restricted Shares and Restricted Stock Units, or upon the achievement of performance goals related to Performance Share Awards, or any other taxable event arising as a result of an Award the Awards granted hereunder, the Participants may elect, subject to the approval of the Committee, Board, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax that could be imposed on the transaction. All such elections shall be irrevocable, made in writing or electronically, and writing, signed or acknowledged electronically by the Participant, and shall be subject to any restrictions or limitations that the Committee, Board, in its sole discretion, deems appropriate. View More
Withholding. The Company or its affiliates may withhold from any amount payable under this letter agreement such federal, tax or local taxes as are required to be withheld pursuant to any applicable law or regulation.
Withholding. The Company or and its affiliates may withhold from any amount amounts payable under this letter agreement Letter Agreement such foreign, federal, tax or state and local taxes as are required to be withheld pursuant to any applicable law or regulation.
Withholding. No later than the date of vesting of (or the date of an election by the Employee under Section 83(b) of the Code with respect to) the Award granted hereunder, the Employee shall pay to the Company or make arrangements satisfactory to the Committee regarding payment of any federal, state or local taxes of any kind required by law to be withheld at such time with respect to such Award and the Company shall, to the extent permitted or required by law, have the right to deduct from any payment of an...y kind otherwise due to the Employee, federal, state and local taxes of any kind required by law to be withheld at such time.View More
Withholding. No later than the date of vesting of (or the date of an election by the Employee under Section 83(b) of the Code with respect to) the Award granted hereunder, the Employee shall pay to the Company or make arrangements satisfactory to the Committee regarding payment of any federal, state or local taxes of any kind required by law to be withheld at such time with respect to such Award and the Company shall, to the extent permitted or required by law, have the right to deduct from any payment of an...y kind otherwise due to the Employee, federal, state and local taxes of any kind required by law to be withheld at such time. 3 6. References. References herein to rights and obligations of the Employee shall apply, where appropriate, to the Employee's legal representative or estate without regard to whether specific reference to such legal representative or estate is contained in a particular provision of this Agreement. View More
Withholding. As a condition to any exercise of the Option, Participant shall promptly remit in full to the Company the minimum amount of federal and (if any) state income and employment tax withholding that the Company is required to remit to the Internal Revenue Service or applicable state department of revenue in accordance with the then-current provisions of the Code and applicable state law. Unless otherwise required by the Committee, the Company may withhold, or permit a Participant to elect to have wit...hheld from a "Share Payment", the number of shares of Stock having a Fair Market Value equal to the minimum statutory withholding requirements but in no event shall such withholding exceed the minimum statutory withholding requirements. Notwithstanding the immediately preceding sentence, the Company, in its discretion, may withhold shares of Stock or permit a Participant to elect to have withheld from a Share Payment, the number of shares of Stock having a Fair Market Value up to, but not in excess of, the maximum statutory withholding requirements, provided that withholding shares of Stock with a Fair Market Value in excess of the minimum statutory withholding requirements will not result in a Stock Incentive otherwise classified as an equity award under ASC Topic 718 to be classified as a liability award under ASC Topic 718. The term "Share Payment" shall mean the issuance or delivery of shares of Stock upon the grant, vesting, exercise or settlement of a Stock Incentive, as the case may be 10. General. This Agreement shall be construed and interpreted according to the laws of the State of Texas. The foregoing contains the entire and only agreement between the parties respecting the subject matter hereof, and any representation, promise, or condition in connection therewith not incorporated herein shall not be binding upon either party. The headings of the various sections of this Agreement are for convenience of reference only, and shall not modify, define, limit or expand the express provisions of this Agreement. This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company. This Agreement shall not be amended or modified except in writing and executed by the parties hereto; provided, however that the Committee may from time to time modify or amend this Agreement and the terms of the Option in accordance with the terms of the Plan.View More
Withholding. As a condition to Upon the Vesting of any exercise shares of the Option, Participant shall promptly remit in full to Restricted Stock, the Company the minimum shall withhold an amount of federal sufficient to satisfy any federal, state and (if any) state income and employment local tax withholding that requirements in the Company is required to remit to form of shares of Stock, unless the Internal Revenue Service or applicable state department of revenue in accordance Participant makes alternate... withholding arrangements with the then-current provisions of the Code and applicable state law. Company. Unless otherwise required by the Committee, the Company may withhold, or permit a Participant to elect to have withheld from a "Share Payment", the number of shares of Stock having a Fair Market Value equal to the minimum statutory withholding 2 requirements but in no event shall such withholding exceed the minimum statutory withholding requirements. Notwithstanding the immediately preceding sentence, the Company, in its discretion, may withhold shares of Stock or permit a Participant to elect to have withheld from a Share Payment, the number of shares of Stock having a Fair Market Value up to, but not in excess of, the maximum statutory withholding requirements, provided that withholding shares of Stock with a Fair Market Value in excess of the minimum statutory withholding requirements will not result in a Stock Incentive otherwise classified as an equity award under ASC Topic 718 to be classified as a liability award under ASC Topic 718. The term "Share Payment" shall mean the issuance or delivery of shares of Stock upon the grant, vesting, exercise or settlement of a Stock Incentive, as the case may be 10. General. This Agreement shall 6. Participant Bound by Plan. The Grant is subject to and the Participant agrees to be construed and interpreted according to the laws bound by all of the State of Texas. The foregoing contains the entire terms and only agreement between the parties respecting the subject matter hereof, and any representation, promise, or condition in connection therewith not incorporated herein shall not be binding upon either party. The headings of the various sections of this Agreement are for convenience of reference only, and shall not modify, define, limit or expand the express provisions of this Agreement. This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company. This Agreement shall not be amended or modified except in writing and executed by the parties hereto; provided, however that the Committee may from time to time modify or amend this Agreement and the terms of the Option in accordance with the terms of the Plan. The terms that are defined in the Plan shall have the same meanings when used herein, except where the context clearly requires otherwise. A copy of the Plan is attached hereto and made a part hereof as if fully set out herein. View More