Examples of Withholding Obligation in a sentence
Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the withholding of Shares described above.
To the extent that any amount so required to be deducted or withheld from any payment to a holder exceeds the amount of any cash otherwise payable by the Corporation to such holder, the Corporation or the Debenture Trustee shall have the right to withhold such number of any Common Shares otherwise issuable to such holder under or in respect of the Debenture as would be necessary to fund any Withholding Obligation.
The Grantee acknowledges that the withheld Shares may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation.
The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation.
If permissible under Applicable Law, the Grantee authorizes the Company to, upon the exercise of its sole discretion, withhold from those Shares otherwise issuable to the Grantee the whole number of Shares sufficient to satisfy the minimum applicable Tax Withholding Obligation.