Common use of Section 83(b) Clause in Contracts

Section 83(b). If the Participant properly elects (as permitted by Section 83(b) of the Code) within 30 days after the Grant Date to include in gross income for federal income tax purposes in the year of issuance the fair market value of all or a portion of such Restricted Stock, the Participant shall be solely responsible for any foreign, federal, state, provincial or local taxes the Participant incurs in connection with such election. The Participant acknowledges that it is the Participant’s sole responsibility, and not the Company’s, to file timely and properly the election under Section 83(b) of the Code and any corresponding provisions of state tax laws if the Participant elects to utilize such election.

Appears in 12 contracts

Samples: Restricted Stock Agreement (Smart & Final Stores, Inc.), Restricted Stock Agreement (Smart & Final Stores, Inc.), Restricted Stock Agreement (Smart & Final Stores, Inc.)

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Section 83(b). If the Participant properly elects (as permitted by Section 83(b) of the Code) within 30 days after the Grant Date issuance of the Restricted Stock to include in gross income for federal income tax purposes in the year of issuance the fair market value of all or a portion such Shares of such Restricted Stock, the Participant shall be solely responsible for pay to the Company or make arrangements satisfactory to the Company to pay to the Company upon such election, any foreign, federal, state, provincial state or local taxes required to be withheld with respect to the Participant incurs in connection with such electionRestricted Stock. The Participant acknowledges that it is the Participant’s his or her sole responsibility, and not the Company’s, to file timely and properly the election under Section 83(b) of the Code and any corresponding provisions of state tax laws if the Participant he or she elects to utilize such election.

Appears in 11 contracts

Samples: Restricted Stock Agreement (Sabre Industries, Inc.), Restricted Stock Agreement (Maidenform Brands, Inc.), Restricted Stock Agreement (Maidenform Brands, Inc.)

Section 83(b). If the Participant properly elects (as permitted required by Section 83(b) of the Code) within 30 days after the Grant Date issuance of the Restricted Stock to include in gross income for federal income tax purposes in the year of issuance the fair market value of all or a portion such Shares of such Restricted Stock, the Participant shall be solely responsible for any foreign, federal, state, provincial state or local taxes the Participant incurs in connection with such election. The Participant acknowledges that it is the Participant’s sole responsibility, and not the Company’s, to file timely and properly the election under Section 83(b) of the Code and any corresponding provisions of state tax laws if the Participant elects to utilize such election.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Cross Country Healthcare Inc), Restricted Stock Agreement (Cross Country Healthcare Inc)

Section 83(b). If the Participant properly elects (as permitted by Section 83(b) of the Code) within 30 thirty (30) days after the Grant Date to include in gross income for federal income tax purposes in the year of issuance the fair market value of all or a portion of such Restricted Stock, the Participant shall be solely responsible for any foreign, federal, state, provincial or local taxes the Participant incurs in connection with such election. The Participant acknowledges that it is the Participant’s sole responsibility, and not the Company’s, to file timely and properly the election under Section 83(b) of the Code and any corresponding provisions of state tax laws if the Participant elects to utilize such election.. 7332/22742-001 current/36727905v4

Appears in 1 contract

Samples: Restricted Stock Agreement (Cross Country Healthcare Inc)

Section 83(b). If the Participant properly elects (as permitted required by Section 83(b) of the Code) within 30 days after the Grant Date grant of the Restricted Stock to include in gross income for federal income tax purposes in the year of issuance the fair market value of all or a portion of such Shares of Restricted Stock, the Participant shall be solely responsible for any foreign, federal, state, provincial state or local taxes the Participant incurs in connection with such election. The Participant acknowledges that it is the Participant’s sole responsibility, and not the Company’s, to file timely and properly the election under Section 83(b) of the Code and any corresponding provisions of state tax laws if the Participant elects to utilize such election.

Appears in 1 contract

Samples: Management Agreement (Take Two Interactive Software Inc)

Section 83(b). If the Participant properly elects (as permitted by Section 83(b) of the Code) If, within 30 days after the Grant Date Date, the Participant properly elects to include in gross income for federal income tax purposes in the year of issuance the fair market value of all or a portion of such Restricted StockStock (pursuant to Section 83(b) of the Code), the Participant shall be solely responsible for any all foreign, federal, state, provincial or and local taxes the Participant incurs in connection with such election. The Participant acknowledges that it It is the Participant’s sole responsibility, and not the Company’s, to file timely and properly the election under Section 83(b) van Raemdonck of Restricted Stock Agreement of the Code and any all corresponding provisions of state tax laws if the Participant elects to utilize make such election.

Appears in 1 contract

Samples: Restricted Stock Agreement (Neiman Marcus Group LTD LLC)

Section 83(b). If the Participant properly elects (as permitted by Section 83(b) of the Code) within 30 thirty (30) days after the Grant Issuance Date to include in gross income for federal income tax purposes in the year of issuance the fair market value of all or a portion of such the Restricted Stock, the Participant shall be solely responsible for any foreign, federal, state, provincial or local taxes the Participant incurs in connection with such election. The Participant acknowledges that it is the Participant’s sole responsibility, and not the Company’s, to file timely and properly the election under Section 83(b) of the Code and any corresponding provisions of state tax laws if the Participant elects to utilize such election.

Appears in 1 contract

Samples: Restricted Stock Agreement (Cross Country Healthcare Inc)

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Section 83(b). If the Participant properly elects (as permitted required by Section 83(b) of the Code) within 30 days after the Grant Date grant of the Restricted Stock to include in gross income for federal income tax purposes in the year of issuance the fair market value of all or a portion of such Shares of Restricted Stock, the Participant shall be solely responsible for any foreign, federal, state, provincial or and local taxes the Participant incurs in connection with such election. The Participant acknowledges that it is the Participant’s sole responsibility, and not the Company’s, to file timely and properly the election under Section 83(b) of the Code and any corresponding provisions of state tax laws if the Participant elects to utilize such election.

Appears in 1 contract

Samples: Restricted Stock Agreement (Take Two Interactive Software Inc)

Section 83(b). If the Participant properly elects (as permitted by Section 83(b) of the Code) within 30 thirty (30) days after the Grant Date to include in gross income for federal income tax purposes in the year of issuance the fair market value of all or a portion of such Restricted Stock, the Participant shall will be solely responsible for any foreign, federal, state, provincial or and local taxes the Participant incurs in connection with such election. The Participant acknowledges that it is the Participant’s Participant sole responsibility, and not the Company’s, to file timely and properly the election under Section 83(b) of the Code and any corresponding provisions of state tax laws if the Participant elects to utilize such election.

Appears in 1 contract

Samples: Restricted Stock Agreement (P&f Industries Inc)

Section 83(b). If the Participant properly elects (as permitted by Section 83(b) of the Code) within 30 thirty (30) days after the Grant Date to include in gross income for federal income tax purposes in the year of issuance the fair market value of all or a portion of such Restricted Stock, the Participant shall be solely responsible for any foreign, federal, state, provincial or local taxes the Participant incurs in connection with such election. The Participant acknowledges that it is the Participant’s sole responsibility, and not the Company’s, to file timely and properly the election under Section 83(b) of the Code and any corresponding provisions of state tax laws if the Participant elects to utilize such election.

Appears in 1 contract

Samples: Restricted Stock Agreement (Cross Country Healthcare Inc)

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