Common use of Joint Election Clause in Contracts

Joint Election. As a condition of participation in the Plan, you agree to accept any liability for secondary Class 1 NICs which may be payable by the Company and/or the Parent or Subsidiary employing or retaining you in connection with the Restricted Stock Units and any event giving rise to Withholding Taxes (the “Employer’s NICs”). Without limitation to the foregoing, you agree to enter into a joint election with the Company (the “Joint Election”), the form of such Joint Election being formally approved by HMRC, and to execute any other consents or elections required to accomplish the transfer of the Employer’s NICs to you. You further agree to execute such other joint elections as may be required between you and any successor to the Company and/or the Parent or Subsidiary employing or retaining you. You further agree that the Company and/or the Parent or Subsidiary employing or retaining you may collect Employer’s NICs from you by any of the means set forth in Section 7 of the Agreement. If you do not enter into a Joint Election, if approval of the Joint Election has been withdrawn by HMRC or if such Joint Election is jointly revoked by you and the Company or the Parent or Subsidiary employing or retaining you, as applicable, the Company, in its sole discretion and without any liability to you, may choose not to issue or deliver any shares of Common Stock to you at vesting and you will forfeit your Restricted Stock Units.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (NetApp, Inc.), Netapp (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.)

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Joint Election. As a condition of participation in the Plan, you agree to accept any liability for secondary Class 1 NICs which may be payable by the Company and/or the Parent or Subsidiary employing or retaining you in connection with the Restricted Stock Units and any event giving rise to Withholding Taxes Tax-Related Items (the “Employer’s NICs”). Without limitation to the foregoing, you agree to enter into a joint election with the Company (the “Joint Election”), the form of such Joint Election being formally approved by HMRC, and to execute any other consents or elections required to accomplish the transfer of the Employer’s NICs to you. You further agree to execute such other joint elections as may be required between you and any successor to the Company and/or the Parent or Subsidiary employing or retaining you. You further agree that the Company and/or the Parent or Subsidiary employing or retaining you may collect Employer’s NICs from you by any of the means set forth in Section 7 of the Agreement. If you do not enter into a Joint Election, if approval of the Joint Election has been withdrawn by HMRC or if such Joint Election is jointly revoked by you and the Company or the Parent or Subsidiary employing or retaining you, as applicable, the Company, in its sole discretion and without any liability to you, may choose not to issue or deliver any shares of Common Stock to you at vesting and you will forfeit your Restricted Stock Units.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.)

Joint Election. As a condition of participation in the Plan, you agree to accept any liability for secondary Class 1 NICs which may be payable by the Company and/or the Parent or Subsidiary employing or retaining you in connection with the Restricted Stock Units and any event giving rise to Withholding Taxes Obligations (the “Employer’s NICs”). Without limitation to the foregoing, you agree to enter into a joint election with the Company (the “Joint Election”), the form of such Joint Election being formally approved by HMRC, and to execute any other consents or elections required to accomplish the transfer of the Employer’s NICs to you. You further agree to execute such other joint elections as may be required between you and any successor to the Company and/or the Parent or Subsidiary employing or retaining you. You further agree that the Company and/or the Parent or Subsidiary employing or retaining you may collect Employer’s NICs from you by any of the means set forth in Section 7 of the Award Agreement. If you do not enter into a Joint Election, if approval of the Joint Election has been withdrawn by HMRC or if such Joint Election is jointly revoked by you and the Company or the Parent or Subsidiary employing or retaining you, as applicable, the Company, in its sole discretion and without any liability to you, may choose not to issue or deliver any shares of Common Stock Shares to you at vesting and you will forfeit your Restricted Stock Units.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.)

Joint Election. As a condition of participation in the Plan, you agree to accept any liability for secondary Class 1 NICs which may be payable by the Company and/or the Parent or Subsidiary employing or retaining you in connection with the Restricted Stock Units and any event giving rise to Withholding Taxes Tax-Related Items (the “Employer’s NICs”). Without limitation to the foregoing, you agree to enter into a joint election with the Company (the “Joint Election”), the form of such Joint Election being formally approved by HMRC, and to execute any other consents or elections required to accomplish the transfer of the Employer’s NICs to you. You further agree to execute such other joint elections as may be required between you and any successor to the Company and/or the Parent or Subsidiary employing or retaining you. You further agree that the Company and/or the Parent or Subsidiary employing or retaining you may collect Employer’s NICs from you by any of the means set forth in Section 7 9 of the Agreement. If you do not enter into a Joint Election, if approval of the Joint Election has been withdrawn by HMRC or if such Joint Election is jointly revoked by you and the Company or the Parent or Subsidiary employing or retaining you, as applicable, the Company, in its sole discretion and without any liability to you, may choose not to issue or deliver any shares of Common Stock to you at vesting and you will forfeit your Restricted Stock Units.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.)

Joint Election. As a condition of the Participant’s participation in the Plan, you agree the Participant agrees to accept any liability for secondary Class 1 NICs national insurance contributions which may be payable by the Company Corporation and/or the Parent or Subsidiary employing or retaining you Employer in connection with the Restricted Stock Units Option and any event giving rise to Withholding Taxes Tax-Related Items (the “Employer’s NICs”). Without limitation to the foregoing, you agree the Participant agrees to enter into a joint election with the Company Corporation (the “Joint Election”), the form of such Joint Election being formally approved by HMRC, and to execute any other consents or elections required to accomplish the transfer of the Employer’s NICs to youthe Participant. You The Participant further agree agrees to execute such other joint elections as may be required between you the Participant and any successor to the Company Corporation and/or the Parent or Subsidiary employing or retaining youEmployer. You The Participant further agree agrees that the Company Corporation and/or the Parent or Subsidiary employing or retaining you Employer may collect the Employer’s NICs from you him or her by any of the means set forth in Section 7 of the Option Agreement. If you do the Participant does not enter into a Joint Election, or if approval of the Joint Election has been withdrawn by HMRC or if such Joint Election is jointly revoked by you the Participant and the Company Corporation or the Parent or Subsidiary employing or retaining youEmployer, as applicable, the CompanyCorporation, in its sole discretion and without any liability to youthe Corporation or the Employer, may choose not to issue or deliver any shares Shares to the Participant upon exercise of Common Stock to you at vesting and you will forfeit your Restricted Stock Unitsthe Option.

Appears in 2 contracts

Samples: Stock Option Agreement (Cti Biopharma Corp), Stock Option Agreement (Cti Biopharma Corp)

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Joint Election. As a condition of participation in the Plan, you agree the Optionee agrees to accept any liability for secondary Class 1 NICs which may be payable by the Company and/or the Parent or Subsidiary employing or retaining you Employer in connection with the Restricted Stock Units exercise of the Option and any event giving rise to Withholding Taxes Tax-Related Items (the “Employer’s NICs”). Without limitation to the foregoing, you agree the Optionee agrees to enter into a joint election with the Company (the “Joint Election”), the form of such Joint Election being formally approved by HMRC, and to execute any other consents or elections required to accomplish the transfer of the Employer’s NICs to youthe Employee. You The Optionee further agree agrees to execute such other joint elections as may be required between you the Optionee and any successor to the Company and/or the Parent or Subsidiary employing or retaining youEmployer. You The Optionee further agree agrees that the Company and/or the Parent or Subsidiary employing or retaining you Employer may collect the Employer’s NICs from you him or her by any of the means set forth in Section 7 5 of the Option Agreement. If you do the Optionee does not enter into a Joint Election, if approval of the Joint Election has been withdrawn by HMRC or if such Joint Election is jointly revoked by you the Optionee and the Company or the Parent or Subsidiary employing or retaining youEmployer, as applicable, the Company, in its sole discretion and without any liability to youthe Company or the Employer, may choose not to issue or deliver any shares to the Employee upon exercise of Common Stock to you at vesting the Option. (Joint Election Form below) UNITED STATES Terms and you will forfeit your Restricted Stock Units.Conditions

Appears in 1 contract

Samples: Global Stock Option Agreement (Servicesource International, Inc.)

Joint Election. As a condition of participation in the Planissuance of Shares as payment for vested Restricted Stock Units, you agree the Employee agrees to accept any liability for secondary Class 1 NICs National Insurance contributions (“Employer NICs”) which may be payable by the Company and/or or the Parent or employing Subsidiary employing or retaining you in connection with respect to the Restricted Stock Units and any event giving rise to Withholding Taxes (the “Employer’s NICs”)Chargeable Event. Without limitation to the foregoing, you agree the Employee agrees to enter into execute a joint election with the Company or the employing Subsidiary (the “Joint Election”), the form of such Joint Election being formally approved by the HMRC, and to execute any other consents consent or elections required to accomplish the transfer of the Employer’s Employer NICs to youthe Employee. You The Employee further agree agrees to execute such other joint elections as may be required between you the Employee and any successor to the Company or the employing Subsidiary. If the Employee does not enter into the Election prior to the first vesting date, or if the Election is revoked at any time by the HMRC, the Restricted Stock Units shall cease vesting and become null and void and no Shares will be acquired under the Plan without any liability to the Company, the employing Subsidiary and/or the Parent or Subsidiary employing or retaining youany other Subsidiary. You The Employee further agree agrees that the Company and/or the Parent or employing Subsidiary employing or retaining you may collect Employer’s the Employer NICs from you the Employee by any of the means set forth in Section 7 of the Agreement. If you do not enter into a Joint Election, if approval of the Joint Election has been withdrawn by HMRC or if such Joint Election is jointly revoked by you and the Company or the Parent or Subsidiary employing or retaining you, as applicable, the Company, in its sole discretion and without any liability to you, may choose not to issue or deliver any shares of Common Stock to you at vesting and you will forfeit your Restricted Stock Unitsparagraph 9.

Appears in 1 contract

Samples: Restricted Stock Unit (Polycom Inc)

Joint Election. As a condition of the Participant’s participation in the Plan, you agree the Participant agrees to accept any liability for secondary Class 1 NICs national insurance contributions which may be payable by the Company and/or the Parent or Subsidiary employing or retaining you Employer in connection with the Restricted Stock Units Option and any event giving rise to Withholding Taxes Tax-Related Items (the “Employer’s NICs”). Without limitation to the foregoing, you agree the Participant agrees to enter into a joint election with the Company (the “Joint Election”), the form of such Joint Election being formally approved by HMRC, and to execute any other consents or elections required to accomplish the transfer of the Employer’s NICs to youthe Participant. You The Participant further agree agrees to execute such other joint elections as may be required between you the Participant and any successor to the Company and/or the Parent or Subsidiary employing or retaining youEmployer. You The Participant further agree agrees that the Company and/or the Parent or Subsidiary employing or retaining you Employer may collect the Employer’s NICs from you him or her by any of the means set forth in Section 7 of the Option Agreement. If you do the Participant does not enter into a Joint Election, or if approval of the Joint Election has been withdrawn by HMRC or if such Joint Election is jointly revoked by you the Participant and the Company or the Parent or Subsidiary employing or retaining youEmployer, as applicable, the Company, in its sole discretion and without any liability to youthe Company or the Employer, may choose not to issue or deliver any shares Shares to the Participant upon exercise of Common Stock to you at vesting and you will forfeit your Restricted Stock Unitsthe Option.

Appears in 1 contract

Samples: Stock Option Agreement (Cti Biopharma Corp)

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