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Withholding Rights
Withholding Rights contract clause examples

Withholding. Each Participant shall pay to [[Organization A:Organization]], or make provisions satisfactory to [[Organization A:Organization]] for payment of, any taxes required by law to be withheld in connection with Awards to such Participant no later than the date of the event creating the tax liability. The Board may allow Participants to satisfy such tax obligations in whole or in part by transferring shares of Common Stock, including shares retained from the Award creating the tax obligation, valued at their fair market value (as determined by the Board or as determined pursuant to the applicable option agreement). [[Organization A:Organization]] may, to the extent permitted by law, deduct any such tax obligations from any payment of any kind otherwise due to a Participant.

Withholding Taxes. The Participant shall 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 and its Affiliates may, to the extent permitted by law, deduct any such tax obligations from any payment of any kind due to the Participant hereunder or otherwise. In the Committee’s discretion, the minimum tax obligations required by law to be withheld in respect of Awards may be paid in whole or in part in shares of Common Stock, including shares retained from the Award creating the tax obligation, valued at their Fair Market Value on the date of retention or delivery.

Withholding Taxes. If [[Organization A:Organization]] in its discretion determines that it is obligated to withhold any tax in connection with the exercise of this option, or in connection with the transfer of, or the lapse of restrictions on, any Common Stock or other property acquired pursuant to this option, the Participant hereby agrees that [[Organization A:Organization]] may withhold from the Participant’s wages or other remuneration the appropriate amount of tax. At the discretion of [[Organization A:Organization]], the amount required to be withheld may be withheld in cash from such wages or other remuneration or in kind from the Common Stock or other property otherwise deliverable to the Participant on exercise of this option. The Participant further agrees that, if [[Organization A:Organization]] does not withhold an amount from the Participant’s wages or other remuneration sufficient to satisfy the withholding obligation of [[Organization A:Organization]], the Participant will make reimbursement on demand, in cash, for the amount underwithheld.

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