Common use of Independent Tax Advice Clause in Contracts

Independent Tax Advice. You acknowledge that determining the actual tax consequences to you of receiving this Performance Share Award or shares of Common Stock or cash thereunder or deferring or disposing of shares of Common Stock or cash may be complicated. These tax consequences will depend, in part, on your specific situation and may also depend on the resolution of currently uncertain tax law and other variables not within the control of the Company. You are aware that you should consult a competent and independent tax advisor for a full understanding of the specific tax consequences to you of receiving, deferring or disposing of the Performance Share Award or shares of Common Stock or cash hereunder. Prior to executing this Agreement, you either have consulted with a competent tax advisor independent of the Company to obtain tax advice concerning the Performance Share Award with respect to your specific situation or have had the opportunity to consult with such a tax advisor but chose not to do so.

Appears in 5 contracts

Samples: 2004 Incentive Plan Performance Share Award Agreement (Strategic Hotels & Resorts, Inc), 2004 Incentive Plan Performance Share Award Agreement (Strategic Hotels & Resorts, Inc), 2004 Incentive Plan (Strategic Hotels & Resorts, Inc)

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