Example ContractsClausestransfer taxesIdentical
Transfer Taxes
Transfer Taxes contract clause examples

Taxes. All payments of Severance Benefits are subject to applicable federal, state and local taxes and withholdings. The Company, in its discretion, may reduce the number of shares of AEP Common Stock delivered to the Participant under Section 5.1(b) to satisfy such tax withholding obligation. The amount of such reduction shall be based upon the Fair Market Value (as defined in the LTIP) of AEP Common Stock at that time; provided, however, that any reduction to a Participant’s vested RSUs for applicable tax withholding shall not exceed such limits as may be applicable to comply with the requirements of Code Section 409A.

Source document
    1.    This Severance, Release of All Claims and Noncompetition Agreement
Source: SEC EDGAR database • Date: July 30, 2024 • SIC: 4911 • CIK: 4911
1.    This Severance, Release of All Claims and Noncompetition Agreement
Source: SEC EDGAR database • Date: February 24, 2016 • SIC: 4911 • CIK: 4911

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