Example ContractsClausessettlement of awardVariants
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Settlement of Award. There may be regular federal and state income tax liability upon settlement of the Award. Participant will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the cash or Fair Market Value of the Shares issued to Participant. If Participant is a current or former employee of the Company or an Affiliate, the Company or such Affiliate may be required to withhold from Participant’s compensation or collect from Participant and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of settlement.

SettlementTax Withholding. To the extent that the receipt, vesting or settlement of Award. Therethis Award results in compensation income or wages to the Participant for federal, state, local and/or foreign tax purposes, the Participant shall make arrangements satisfactory to the Company regarding the payment of, any income tax, social insurance contribution or other applicable taxes that are required to be withheld in respect of this Award, which arrangements include the delivery of cash or cash equivalents, shares of Stock (including previously owned shares of Stock (which is not subject to any pledge or other security interest), net settlement, a broker-assisted sale, or other cashless withholding or reduction of the amount of shares otherwise issuable or delivered pursuant to this Award), other property, or any other legal consideration the Committee deems appropriate. If such tax obligations are satisfied through net settlement or the surrender of previously owned shares of Stock, the maximum number of shares of Stock that may be regular federal and state income tax liability upon settlementso withheld (or surrendered) shall be the number of shares of Stock that have an aggregate Fair Market Value on the Award. Participant will be treated as having received compensation income (taxable at ordinary income tax rates)date of withholding or surrender equal to the cash aggregate amount of such tax liabilities determined based on the greatest withholding rates for federal, state, local and/or Fair Market Value of the Shares issued to Participant. If Participant is a current or former employee offoreign tax purposes, including payroll taxes, that may be utilized without creating adverse accounting treatment for the Company or an Affiliate,with respect to this Award, as determined by the Company orCommittee. Any fraction of a share of Stock required to satisfy such Affiliatetax obligations shall be disregarded and the amount due shall be paid instead in cash to the Participant. The Participant acknowledges that there may be required to withhold from Participant’s compensationadverse tax consequences upon the receipt, vesting or collect from Participant and pay to the applicable taxing authorities an amount equal to a percentagesettlement of this compensation income at the time of settlement.Award or

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