Common use of Income and Employment Taxes Clause in Contracts

Income and Employment Taxes. (a) Grantee shall be liable for any and all income taxes arising out of the grant, the vesting or a payment in settlement of Restricted Stock Units hereunder. The Company shall have the power and the right to deduct or withhold, or require Grantee to remit to the Company, the minimum statutory amount to satisfy federal, state and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Agreement. The Committee may, in its sole discretion, permit Grantee to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares having a value on the date the tax is to be determined equal to the minimum statutory total tax that could be imposed on the transaction. If permitted by the Committee, any election by Xxxxxxx related to share withholding shall be irrevocable, made in writing and signed by Xxxxxxx, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate.

Income and Employment Taxes. (a) Grantee shall be liable for any and all income taxes arising out of the grant, the vesting or a payment in settlement of Restricted Stock Units RSUs hereunder. The Company shall have the power and the right to deduct or withhold, or require Grantee to remit to the Company, the minimum statutory amount to satisfy federal, state and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Agreement. The Committee may, in its sole discretion, permit Grantee to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares having a value on the date the tax is to be determined equal to the minimum statutory total tax that could be imposed on the transaction. If permitted by the Committee, any election by Xxxxxxx related to share withholding shall be irrevocable, made in writing and signed by Xxxxxxx, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate.

Income and Employment Taxes. (a) Grantee Participant shall be liable for any and all income taxes arising out of the grant, the vesting or a payment in settlement of Restricted Stock Units RSUs and Matching RSUs hereunder. The Company shall have the power and the right to deduct or withhold, or require Grantee Participant to remit to the Company, the minimum statutory amount to satisfy federal, state and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this RSU Agreement. The Committee may, in its sole discretion, permit Grantee Participant to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares having a value on the date the tax is to be determined equal to the minimum statutory total tax that could be imposed on the transaction. If permitted by the Committee, any election by Xxxxxxx Participant related to share withholding shall be irrevocable, made in writing and signed by XxxxxxxParticipant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate.