Example ContractsClausesallocation of tax credits, tax credit recapture, etcVariants
Remove:

Tax Withholding. Participant authorizes the Company to deduct, to the extent required by statute or regulation, from payments of any kind due to Participant or anyone claiming through Participant, the amount of the federal, state, local or other taxes relating to any present or future Award under the Plan. This authority shall include authority to withhold or receive Common Stock or other property and to make cash payments in respect thereof in satisfaction of the Participant’s tax obligations. Withholding of taxes in the form of shares of Common Stock from the profit attributable to the Award shall not occur at a rate that exceeds the maximum individual federal and state statutory tax rates in the applicable jurisdiction.

Tax Withholding. Participant authorizes the Company to deduct, to the extent required by statute or regulation, from payments of any kind due to Participant or anyone claiming through Participant, the aggregate amount of theany federal, state, local or other taxes relatingrequired to be withheld in respect of any present or future Award under the Plan. This authority shall include authority to withhold or receive Common Stock or other property and to make cash payments in respect thereof in satisfaction of the Participant’s tax obligations. Withholding of taxes in the form of shares of Common Stock from the profit attributable to the Award shall not occur at a rate that exceeds the maximum individual federal and state statutory tax rates in the applicable jurisdiction.

Tax Withholding. Participant authorizesThe Company, any Subsidiary or Affiliate is authorized to withhold from any payment relating to an Award under the Company to deduct, to the extent required by statutePlan, including from a distribution of Common Stock or regulation, from payments of any kind due to Participant or anyone claiming through Participant, the amount of the federal, state, localpayroll or other payment to a Participant amounts of withholding and other taxes due in connection with any transaction involving an Award, and to take such other action as the Committee may deem advisable to enable the Company, the Subsidiary or Affiliate and Participants to satisfy obligations for the payment of withholding taxes and other tax obligations relating to any present or future Award under the Plan.A ward. This authority shall include authority to withhold or receive Common Stock or other property and to make cash payments in respect thereof in satisfaction of the Participant’a Participant's tax obligations. Withholding of taxes in the form of shares of Common Stock from the profit attributable to the Award shall not occur at a rate that exceeds the maximum required individual federal and state statutory tax rateswithholding rate in a Participant's applicable tax jurisdiction. Participants who are subject to the applicable jurisdiction. reporting requirements of [Section 16] of the 1934 Act may elect to pay all or a portion of any withholding or other taxes due in connection with an Award by directing the Company to withhold shares of Common Stock that would otherwise be received in connection with such Award."

Tax Withholding. Participant authorizesThe Company shall have the right to withhold or require separate payment of all Federal, state, local or other taxes or payments with respect to any Award or payment made under the Plan. Such amounts shall be withheld or paid prior to the delivery of any certificate representing Shares or any other Award subject to such withholding. Such a payment may be made by the delivery of cash (or other consideration acceptable to the Company, including, if acceptable, Shares having a Fair Market Value equal to the withholding obligation) to the Company in an amount that equals or exceeds the withholding obligation of the Company. In the event of a transfer of an Award, the Participant who assigns the Award shall remain subject to deduct,withholding taxes or similar obligations upon exercise of the Award by the transferee to the extent required by statute or regulation, from payments of any kind due to Participant or anyone claiming through Participant, the amount of the federal, state, localCode or other taxes relating to any present or future Awardapplicable laws. All determinations of withholding liability under this Section shall be made by the Plan. This authorityCompany in its sole discretion and shall include authority to withhold or receive Common Stock or other property and to make cash payments in respect thereof in satisfaction ofbe binding upon the Participant’s tax obligations. Withholding of taxes in the form of shares of Common Stock from the profit attributable to the Award shall not occur at a rate that exceeds the maximum individual federal and state statutory tax rates in the applicable jurisdiction. Participant.

Tax Withholding.Withholding Taxes. The Participant authorizesshall pay to the Company, or make provision satisfactory to the Committee for payment of, any taxes required by law to be withheld in respect of Awards under the Plan no later than the date of the event creating the tax liability. The Company to deduct,and its Affiliates may, to the extent requiredpermitted by statute or regulation,law, deduct any such tax obligations from paymentsany payment of any kind due to the Participant hereunder or anyone claiming through Participant,otherwise. In the amount ofCommittee’s discretion, the federal, state, local or other taxes relatingminimum tax obligations required by law to any present or future Award under the Plan. This authority shall include authority to withhold or receive Common Stock or other property and to make cash paymentsbe withheld in respect thereofof Awards may be paid in satisfaction of the Participant’s tax obligations. Withholding of taxeswhole or in the form ofpart in shares of Common StockStock, including shares retained from the profit attributable toAward creating the Award shall not occurtax obligation, valued at a rate that exceedstheir Fair Market Value on the maximum individual federal and state statutory tax rates in the applicable jurisdiction. date of retention or delivery.

Tax Withholding.The Company shall be authorized to withhold from any Award granted or any payment due or transfer made under any Award or under the Plan or from any compensation or other amount owing to a Participant authorizesthe amount (in cash, Shares, other securities, other Awards, or other property) of withholding taxes due in respect of an Award, its exercise, or any payment or transfer under such Award or under the Plan and to take such other action (including, without limitation, providing for elective payment of such amounts in cash, Shares, other securities, other Awards or other property by the Participant) as may be necessary in the opinion of the Company to deduct, tosatisfy all obligations for the extent required by statute or regulation, from paymentspayment of any kind due to Participant or anyone claiming through Participant, the amount of the federal, state, local or other taxes relating to any present or future Award under the Plan. This authority shall include authority to withhold or receive Common Stock or other property and to make cash payments in respect thereof in satisfaction of the Participant’s tax obligations. Withholding of taxes in the form of shares of Common Stock from the profit attributable to the Award shall not occur at a rate that exceeds the maximum individual federal and state statutory tax rates in the applicable jurisdiction. such taxes.

Tax Withholding. The Company’s obligations hereunder in connection with any Award shall be subject to applicable foreign, federal, state and local withholding tax requirements. Foreign, federal, state and local withholding tax due under the terms of the Plan may be paid in cash or shares of Common Stock (either through the surrender of already-owned shares of Common Stock that the Participant authorizeshas held for the Companyperiod required to deduct,avoid a charge to the extent required by statuteCompany’s reported earnings or regulation, from payments of any kind due to Participant or anyone claiming through Participant, the amount of the federal, state, local or other taxes relating to any present or future Award under the Plan. This authority shall include authority to withhold or receive Common Stock or other property and to make cash payments in respect thereof in satisfaction of the Participant’s tax obligations. Withholding of taxes in the formwithholding of shares of Common Stock fromotherwise issuable upon the profit attributableexercise or payment of such Award) having a Fair Market Value equal to the Awardrequired withholding and upon such other terms and conditions as the Committee shall not occur atdetermine; provided, however, the Committee, in its sole discretion, may require that such taxes be paid in cash; and provided, further, any election by a rate that exceedsParticipant subject to Section 16(b) of the maximum individual federalExchange Act to pay his or her withholding tax in shares of Common Stock shall be subject to and state statutory tax rates inmust comply with Rule 16b-3 of the applicable jurisdiction. Exchange Act.

Tax Withholding. Participant authorizesTaxes. The Company and any Related Entity are authorized to withhold from any Award granted, any payment relating to an Award under the Plan, including from a distribution of Shares, or any payroll or other payment to a Participant, amounts of withholding and other taxes due or potentially payable in connection with any transaction involving an Award, and to take such other action as the Committee may deem advisable to enable the Company or any Related Entity and Participants and Beneficiaries to deduct, tosatisfy obligations for the extent required by statute or regulation, from paymentspayment of any kind due to Participant or anyone claiming through Participant, the amount of the federal, state, local orwithholding taxes and other taxestax obligations relating to any present or future Award under the Plan.Award. This authority shall include authority to withhold or receive Common StockShares or other property and to make cash payments in respect thereof in satisfaction of the Participant’a Participant’s tax obligations. Withholding of taxesobligations, either on a mandatory or elective basis in the formdiscretion of sharesthe Committee. The amount of Common Stock fromwithholding tax paid with respect to an Award by the profit attributablewithholding of Shares otherwise deliverable pursuant to the Award or by delivering Shares already owned shall not occur at a rateexceed the minimum statutory withholding required with respect to that exceeds the maximum individual federal and state statutory tax rates in the applicable jurisdiction. Award.

Tax Withholding. Each Participant authorizes the Company to deduct, to the extent required by statute or regulation, from payments ofis responsible for any kind due to Participant or anyone claiming through Participant, the amount of the federal, state, locallocal, foreign or other taxes relatingwith respect to any present or future Awardamount payable under this Plan. To the Plan. This authority shall include authorityextent the Company is required to withhold or receive Common Stockany federal, state, local, foreign or other property andtaxes in connection with the delivery of Shares or any other payment or vesting event under this Plan, then the Company may, in its sole discretion, # retain a number of Shares otherwise deliverable hereunder with a value equal to make cash paymentsthe required withholding (based on the Fair Market Value (as defined in respect thereof in satisfactionthe Stock Incentive Plan) of the Participant’s tax obligations. WithholdingShares on the applicable date), # facilitate a sale of taxes in the form of shares of Common Stock from the profit attributableShares payable pursuant to the Award Opportunity to cover such tax withholding obligation, or # apply any other withholding method determined by the Company; provided that in no event shall the value of the Shares retained or sold exceed the minimum amount of taxes required to be withheld or such other amount that will not occur atresult in a rate that exceeds the maximum individual federal and state statutory tax rates in the applicable jurisdiction. negative accounting impact.

Tax Withholding. Each Participant authorizes the Company to deduct, to the extent required by statute or regulation, from payments ofis responsible for any kind due to Participant or anyone claiming through Participant, the amount of the federal, state, locallocal, foreign or other taxes relatingwith respect to any present or future AwardLong-Term Incentive Bonus payable under the Plan. This authority shall include authorityTo the extent the Company is required to withhold any federal, state, local, foreign or receiveother taxes in connection with the delivery of the Common Stock or other property andunder the Plan, then the Company may, in its sole discretion, # retain a number of Shares otherwise deliverable hereunder with a value equal to make cash paymentsthe required withholding (based on the Fair Market Value (as defined in respect thereof in satisfactionthe Stock Incentive Plan) of the Participant’s tax obligations. Withholding of taxes in the form of shares of Common Stock fromon the profit attributableapplicable date), # facilitate a sale of Shares payable pursuant to the Award Opportunity to cover such tax withholding obligation, or # apply any other withholding method determined by the Company; provided that in no event shall not occur at a rate that exceeds the maximum individual federal and state statutory tax rates in the applicable jurisdiction.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.