Common use of Tax Liability and Withholding Clause in Contracts

Tax Liability and Withholding. 8.1. The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withholding taxes in respect of the Restricted Stock and to take all such other action as the Committee deems necessary to satisfy all obligations for the payment of such withholding taxes. The Committee may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (a) tendering a cash payment; (b) authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted Stock; provided, however, that no shares of Common Stock shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law; or (c) delivering to the Company previously owned and unencumbered shares of Common Stock.

Appears in 13 contracts

Samples: Restricted Stock Award Agreement (Signing Day Sports, Inc.), Restricted Stock Award Agreement (CleanCore Solutions, Inc.), Restricted Stock Award Agreement (Signing Day Sports, Inc.)

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Tax Liability and Withholding. 8.1. The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the PlanGrantee, the amount of any required withholding taxes in respect of the Restricted Stock and to take all such other action as the Committee Board, or its designated committee, deems necessary to satisfy all obligations for the payment of such withholding taxes. The Committee Board, or its designated committee, may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (aA) tendering a cash payment; , or (bB) authorizing authoring the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted Stock; provided, however, that no shares of Common Stock shall be withheld with a value exceeding the minimum amount of tax required to be withheld withhold by law; or and/or (cC) delivering to the Company previously owned and unencumbered shares of Common Stock.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Highlands Bankshares Inc /Va/), Restricted Stock Award Agreement (Highlands Bankshares Inc /Va/)

Tax Liability and Withholding. 8.1. The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withholding taxes in respect of the Restricted Stock and to take all such other action as the Committee Board, or its designated committee, deems necessary to satisfy all obligations for the payment of such withholding taxes. The Committee Board, or its designated committee, may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (aA) tendering a cash payment; , or (bB) authorizing the authoring Company to withhold shares of Common Company Stock from the shares of Common Company Stock otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted Stock; provided, however, that no shares of Common Company Stock shall be withheld with a value exceeding the minimum amount of tax required to be withheld withhold by law; or and/or (cC) delivering to the Company previously owned and unencumbered shares of Common Company Stock.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Smartfinancial Inc.)

Tax Liability and Withholding. 8.17.1. The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withholding taxes in respect of the Restricted Stock Shares and to take all such other action as the Committee deems necessary to satisfy all obligations for the payment of such withholding taxes. The Committee may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (a) tendering a cash payment; (b) authorizing the Company to withhold shares of Common Stock Shares from the shares of Common Stock Shares otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted StockShares; provided, however, that no shares of Common Stock Shares shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law; or (c) delivering to the Company previously owned and unencumbered shares of Common StockShares.

Appears in 1 contract

Samples: Restricted Share Award Agreement (1847 Holdings LLC)

Tax Liability and Withholding. 8.1. The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the PlanGrantee, the amount of any required withholding taxes in respect of the Restricted Stock Shares and to take all such other action as the Committee deems necessary to satisfy all obligations for the payment of such withholding taxes. The Committee may permit the Grantee to satisfy any federal, state state, or local tax withholding obligation by any of the following means, or by a combination of such means: (aA) tendering a cash payment; (bB) authorizing the authoring Company to withhold shares of Common Company Stock from the shares of Common Company Stock otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted Stock; providedShares, however, provided that no shares of Common Company Stock shall be withheld with a value exceeding the minimum amount of tax required to be withheld withhold by lawlaw shall be withheld; or and/or (cC) delivering to the Company previously owned and unencumbered shares of Common Company Stock.

Appears in 1 contract

Samples: Restricted Shares Award Agreement (Reliant Bancorp, Inc.)

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Tax Liability and Withholding. 8.110.1. The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withholding taxes in respect of the Restricted Stock Shares and to take all such other action as the Committee deems necessary to satisfy all obligations for the payment of such withholding taxes. The Committee may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (a) tendering a cash payment; (b) authorizing the Company to withhold shares of Common Stock Ordinary Shares from the shares of Common Stock Ordinary Shares otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted StockShares; provided, however, that no shares of Common Stock Ordinary Shares shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law; or (c) delivering to the Company previously owned and unencumbered shares of Common StockOrdinary Shares.

Appears in 1 contract

Samples: Restricted Share Award Agreement (Droneify Holdings LTD)

Tax Liability and Withholding. 8.1. 9.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withholding taxes in respect of the Restricted Stock Units and to take all such other action as the Committee deems necessary to satisfy all obligations for the payment of such withholding taxes. The Committee may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (a) tendering a cash payment; (b) authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted StockStock Units; provided, however, that no shares of Common Stock shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law; or (c) or, delivering to the Company previously owned and unencumbered shares of Common Stock.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (A.S.V., LLC)

Tax Liability and Withholding. 8.1. The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withholding taxes in respect of the Restricted Stock Shares and to take all such other action as the Committee deems necessary to satisfy all obligations for the payment of such withholding taxes. The Committee may permit the Grantee to satisfy any Bermuda or U.S. federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (a) tendering a cash payment; (b) authorizing the Company to withhold shares of Class B Common Stock Shares from the shares of Class B Common Stock Shares otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted StockShares; provided, however, that no shares of Class B Common Stock Shares shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law; or (c) delivering to the Company previously owned and unencumbered shares of Class B Common StockShares.

Appears in 1 contract

Samples: Restricted Shares Award Agreement (RoyaLand Co Ltd.)

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