Common use of Payment of Tax-Related Items Clause in Contracts

Payment of Tax-Related Items. This provision supplements Section 6 of the Agreement: The Employer, the Company or one of its subsidiaries may withhold taxes in connection with the RSUs to satisfy the Participant’s Tax-Related Items liability in Malaysia. Should withholding not occur, however, the Participant acknowledges that he or she is ultimately responsible for paying any Tax-Related Items legally due by him or her in connection with the RSUs to the Inland Revenue Board of Malaysia.

Appears in 4 contracts

Samples: 2006 Stock Incentive Plan (Analog Devices Inc), Restricted Stock Unit Agreement (Analog Devices Inc), Restricted Stock Unit Agreement (Analog Devices Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.