Common use of Joint Election Clause in Contracts

Joint Election. As a condition of the Grantee’s participation in the Plan, the Grantee agrees to accept any liability for secondary Class 1 national insurance contributions which may be payable by the Company and/or the Employer in connection with the RSUs and any event giving rise to Tax-Related Items (the “Employer’s NICs”). Without limitation to the foregoing, the Grantee 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 the Grantee. The Grantee further agrees to execute such other joint elections as may be required between the Grantee and any successor to the Company and/or the Employer. The Grantee further agrees that the Company and/or the Employer may collect the Employer’s NICs from him or her by any of the means set forth in Section 6 of the Agreement. If the Grantee does not complete the Joint Election prior to vesting of the RSUs, or if approval of the Joint Election is withdrawn by HMRC and a new Joint Election is not entered into, the RSUs shall become null and void and will not vest, without any liability to the Company or the Employer.

Appears in 4 contracts

Samples: Restricted Stock Units Agreement (Time Inc.), Restricted Stock Units Agreement (Time Inc.), Restricted Stock Units Agreement (Time Inc.)

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Joint Election. As a condition of the Grantee’s participation in the Plan, the Grantee agrees to accept any liability for secondary Class 1 national insurance contributions which may be payable by the Company and/or the Employer in connection with the RSUs Option and any event giving rise to Tax-Related Items (the “Employer’s NICs”). Without limitation to the foregoing, the Grantee 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 the Grantee. The Grantee further agrees to execute such other joint elections as may be required between the Grantee and any successor to the Company and/or the Employer. The Grantee further agrees that the Company and/or the Employer may collect the Employer’s NICs from him or her by any of the means set forth in Section 6 8 of the Agreement. If the Grantee does not complete the Joint Election prior to vesting exercise of the RSUsOption, or if approval of the Joint Election is withdrawn by HMRC and a new Joint Election is not entered into, the RSUs Option shall become null and void and will may not vestbe exercised, without any liability to the Company or the Employer.

Appears in 4 contracts

Samples: Inducement Award Plan (Time Inc.), Incentive Compensation Plan (Time Inc.), Incentive Compensation Plan (Time Inc.)

Joint Election. As a condition of the Grantee’s participation in the Plan, the Grantee agrees to accept any liability for secondary Class 1 national insurance contributions which may be payable by the Company and/or the Employer in connection with the RSUs PSUs and any event giving rise to Tax-Related Items (the “Employer’s NICs”). Without limitation to the foregoing, the Grantee 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 the Grantee. The Grantee further agrees to execute such other joint elections as may be required between the Grantee and any successor to the Company and/or the Employer. The Grantee further agrees that the Company and/or the Employer may collect the Employer’s NICs from him or her by any of the means set forth in Section 6 of the Agreement. If the Grantee does not complete the Joint Election prior to vesting of the RSUsPSUs, or if approval of the Joint Election is withdrawn by HMRC and a new Joint Election is not entered into, the RSUs PSUs shall become null and void and will not vest, without any liability to the Company or the Employer.

Appears in 3 contracts

Samples: Performance Stock Units Agreement (Time Inc.), Performance Stock Units Agreement (Time Inc.), Performance Stock Units Agreement (Time Inc.)

Joint Election. As a condition of the Grantee’s your participation in the Plan, the Grantee agrees you agree to accept any liability for secondary Class 1 national insurance contributions (the “Employer’s Liability”) which may be payable by the Company and/or the Employer in connection with the RSUs Restricted Stock Units and any event giving rise to Tax-Related Items (the “Employer’s NICs”)Items. Without limitation prejudice to the foregoing, the Grantee agrees you agree to enter into execute a joint election with the Company (the “Joint Election”), the form of such Joint Election being formally approved by HMRCHMRC and attached hereto as Exhibit A, and to execute any other consents consent or elections required to accomplish the transfer of the Employer’s NICs Liability to the Granteeyou. The Grantee You further agrees agree to execute such other joint elections as may be required between the Grantee yourself and any successor to the Company and/or the Employer. The Grantee You further agrees agree that the Company and/or the Employer may collect the Employer’s NICs from him or her Liability by any of the means set forth in Section 6 10 of the Agreement. If the Grantee does you do not complete the enter into a Joint Election prior to vesting of the RSUsElection, or if approval of the Joint Election is has been withdrawn by HMRC and a new or if such Joint Election is not entered intojointly revoked by you and the Company or the Employer, as applicable, the RSUs shall become null Company, in its sole discretion and void and will not vest, without any liability to the Company or the Employer, may choose not to issue or deliver any shares to you upon vesting of the Restricted Stock Units.

Appears in 1 contract

Samples: Restricted Stock Unit (Synopsys Inc)

Joint Election. As a condition of the GranteeParticipant’s participation in the Plan, the Grantee Participant agrees to accept any liability for secondary Class 1 national insurance contributions which may be payable by the Company and/or the Employer in connection with the RSUs Option and any event giving rise to Tax-Related Items (the “Employer’s NICs”). Without limitation to the foregoing, the Grantee 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 the GranteeParticipant. The Grantee Participant further agrees to execute such other joint elections as may be required between the Grantee Participant and any successor to the Company and/or the Employer. The Grantee Participant further agrees that the Company and/or the Employer may collect the Employer’s NICs from him or her by any of the means set forth in Plan or in Section 6 of the Option Agreement. If the Grantee Participant does not complete the enter into a Joint Election prior to vesting of the RSUsElection, or if approval of the Joint Election is has been withdrawn by HMRC and a new Joint Election is not entered intoHMRC, the RSUs shall become null Company, in its sole discretion and void and will not vest, without any liability to the Company or the Employer, may choose not to issue or deliver any Shares to the Participant upon exercise of the Option.

Appears in 1 contract

Samples: Stock Option Award Agreement (INC Research Holdings, Inc.)

Joint Election. As a condition of the Grantee’s participation in the Plan, the Grantee agrees to accept any liability for secondary Class 1 national insurance contributions NICs which may be payable by the Company and/or the Employer in connection with the RSUs Award and any event giving rise to Tax-Related Items related to the Grantee’s participation in the Plan (the “Employer’s Employer NICs”). Without limitation prejudice to the foregoing, if requested to do so by the Employer or the Company, the Grantee agrees to enter into execute a joint election with the Company or the Employer, the form of such joint election having been approved formally by HMRC (the “Joint Election”), the form of such Joint Election being formally approved by HMRC, and to execute any other consents required consent or elections required election to accomplish the transfer of the Employer’s Employer NICs to the Grantee. The Grantee further agrees to execute such other joint elections as may be required between the Grantee and any successor to the Company and/or or the Employer. The Grantee further agrees that the Company and/or or the Employer may collect the Employer’s Employer NICs from him or her by any of the means set forth in Section 6 7 of the RSU Agreement. If If, having been requested to enter into a Joint Election by the Employer or the Company, the Grantee does not complete enter into the Joint Election prior to vesting of the RSUs, or if approval of the Joint Election is has been withdrawn by HMRC and a new Joint Election is not entered intoHMRC, the RSUs shall become null Company, in its sole discretion and void and will not vest, without any liability to the Company or the Employer, may choose not to issue or deliver any shares of Stock to the Grantee under the Plan.

Appears in 1 contract

Samples: Option and Incentive Plan (Insulet Corp)

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Joint Election. As a condition of the GranteeParticipant’s participation in the Plan, the Grantee Participant agrees to accept any liability for secondary Class 1 national insurance contributions which may be payable by the Company and/or the Employer in connection with the RSUs Restricted Stock Unit and any event giving rise to Tax-Related Items (the “Employer’s NICs”). Without limitation to the foregoing, the Grantee 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 the GranteeParticipant. The Grantee Participant further agrees to execute such other joint elections as may be required between the Grantee Participant and any successor to the Company and/or the Employer. The Grantee Participant further agrees that the Company and/or the Employer may collect the Employer’s NICs from him or her by any of the means set forth in Plan or in Section 6 3 of the Restricted Stock Unit Agreement. If the Grantee Participant does not complete the enter into a Joint Election prior to vesting of the RSUsElection, or if approval of the Joint Election is has been withdrawn by HMRC and a new Joint Election is not entered intoHMRC, the RSUs shall become null Company, in its sole discretion and void and will not vest, without any liability to the Company or the Employer, may choose not to issue or deliver any Shares to the Participant upon vesting of the Restricted Stock Unit.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (INC Research Holdings, Inc.)

Joint Election. As a condition of the GranteeParticipant’s participation in the Plan, the Grantee Participant agrees to accept any liability for secondary Class 1 national insurance contributions which may be payable by the Company and/or the Employer in connection with the RSUs Option and any event giving rise to Tax-Related Items (the “Employer’s NICs”). Without limitation to the foregoing, the Grantee 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 the GranteeParticipant. The Grantee Participant further agrees to execute such other joint elections as may be required between the Grantee Participant and any successor to the Company and/or the Employer. The Grantee Participant further agrees that the Company and/or the Employer may collect the Employer’s NICs from him or her by any of the means set forth in Plan or in Section 6 of the Option Agreement. If the Grantee Participant does not complete the enter into a Joint Election prior to vesting of the RSUsElection, or if approval of the Joint Election is has been withdrawn by HMRC and a new Joint Election is not entered intoHMRC, the RSUs shall become null Company, in its sole discretion and void and will not vest, without any liability to the Company or the Employer., may choose not to issue or deliver any Shares to the Participant upon exercise of the Option. 6-Aug-2015 (Executive)

Appears in 1 contract

Samples: Stock Option Award Agreement

Joint Election. As a condition of the Grantee’s participation in the Plan, the Grantee agrees to accept any liability for secondary Class 1 national insurance contributions NICs which may be payable by the Company and/or the Employer in connection with the RSUs Award and any event giving rise to Tax-Related Items related to the Grantee’s participation in the Plan (the “Employer’s Employer NICs”). Without limitation prejudice to the foregoing, if requested to do so by the Employer or the Company, the Grantee agrees to enter into execute a joint election with the Company or the Employer, the form of such joint election having been approved formally by HMRC (the “Joint Election”), the form of such Joint Election being formally approved by HMRC, and to execute any other consents required consent or elections required election to accomplish the transfer of the Employer’s Employer NICs to the Grantee. The Grantee further agrees to execute such other joint elections as may be required between the Grantee and any successor to the Company and/or or the Employer. The Grantee further agrees that the Company and/or or the Employer may collect the Employer’s Employer NICs from him or her by any of the means set forth in Section 6 7 of the Agreement. If If, having been requested to enter into a Joint Election by the Employer or the Company, the Grantee does not complete enter into the Joint Election prior to vesting of the RSUs, or if approval of the Joint Election is has been withdrawn by HMRC and a new Joint Election is not entered intoHMRC, the RSUs shall become null Company, in its sole discretion and void and will not vest, without any liability to the Company or the Employer, may choose not to issue or deliver any shares of Stock to the Grantee under the Plan.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Insulet Corp)

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