PAYE. For the avoidance of doubt, it is acknowledged by the Participant that references in the Plan to “withholding tax” shall include amounts required to be accounted for by the Company or any Subsidiary under the Pay As You Earn income tax rules whether or not such amounts are capable of being withheld or deducted from amounts due to the Participant. In addition to the other terms and conditions of the Plan, the terms set forth in this Addendum B shall apply to Awards issued to Participants that are U.S. taxpayers. All capitalized terms used herein but not otherwise defined shall have the respective meanings set forth in the Plan.
Appears in 2 contracts
Sources: Equity Incentive Plan (Global Ship Lease, Inc.), Equity Incentive Plan (GSL Holdings, Inc.)