Common use of Purpose of Election Clause in Contracts

Purpose of Election. 2.1 This Election relates to the UK Employer’s secondary Class 1 National Insurance Contributions (the “Employer’s Liability”) which may arise on the occurrence of a “Taxable Event” pursuant to section 4(4)(a) of the Social Security Contributions and Benefits Xxx 0000, including:

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Sun Microsystems, Inc.), Restricted Stock Unit Agreement (Sun Microsystems, Inc.), Restricted Stock Unit Agreement (Sun Microsystems, Inc.)

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Purpose of Election. 2.1 This Election relates to the UK Employer’s secondary Class 1 National Insurance Contributions national insurance contributions (the “Employer’s Liability”) which may arise on the occurrence of a “Taxable Event” pursuant to section 4(4)(a4(4) (a) of the Social Security Contributions and Benefits Xxx 0000, including:

Appears in 4 contracts

Samples: Terms and Conditions (Emulex Corp /De/), Terms and Conditions (Emulex Corp /De/), Restricted Stock Unit Award Agreement (Emulex Corp /De/)

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