Tax Payment Upon Vesting. (a) At such time as the Recipient becomes vested in the Restricted Shares, the Recipient (or his/her personal representative) shall deliver to the Company, within ten (10) days after the occurrence of the vesting event specified above (or in the event of death, within ten (10) days of the appointment of the personal representative) (a “Payment Date”), either a check payable to the Company in the amount of all withholding tax obligations (whether federal, state, local or foreign income or social insurance tax), imposed on the Recipient and the Company by reason of the vesting of the Restricted Shares, or a withholding election form to be provided by the Company upon request by the Recipient (or personal representative).
Tax Payment Upon Vesting. (a) At such time as the Recipient is entered as the stockholder of record with respect to the Performance Shares earned pursuant to this Agreement, the Recipient (or his/her personal representative) shall deliver to the Company, within ten (10) days after the occurrence of such registration specified above (or in the event of death, within ten (10) days of the appointment of the personal representative) (a “Payment Date”), either a check payable to the Company in the amount of all withholding tax obligations (whether federal, state, local or foreign income or social insurance tax), imposed on the Recipient and the Company by reason of the awarding of the Performance Shares, or a withholding election form to be provided by the Company upon request by the Recipient (or personal representative).
Tax Payment Upon Vesting. At such time as the Employee becomes vested pursuant to Section 2 above in all or any portion of the Performance-Based Restricted Stock, the Employee (or his/her personal representative) must satisfy his federal, state and local, if any, withholding taxes imposed by reason of the exercise of the Option. The Employee may satisfy this withholding obligation by paying to the Company the full amount of the withholding obligation in cash or check acceptable to the Company. If the Employee fails to make such payment of the withholding taxes to the Company within five (5) days after the occurrence of the vesting event (a “Vesting Date”), the Employee’s actual number of vested shares of Performance-Based Restricted Stock shall be reduced by the smallest number of whole shares of common stock of the Company which, when multiplied by the fair market value of the common stock on the Vesting Date, is sufficient to satisfy the amount of the withholding tax obligations imposed on the Company by reason of the vesting of the Performance-Based Restricted Stock.
Tax Payment Upon Vesting. At such time as the Employee becomes vested pursuant to Section 2, Section 3 or Section 4 above in all or any portion of the Performance-Based Restricted Stock, the Employee (or his/her personal representative) must satisfy his federal, state and local, if any, withholding taxes imposed by reason of the exercise of the Option. The Employee may satisfy this withholding obligation by paying to the Company the full amount of the withholding obligation in cash or check acceptable to the Company. If the Employee fails to make such payment of the withholding taxes to the Company within five (5) days after the occurrence of the vesting event (a “Vesting Date”), the Employee’s actual number of vested shares of Performance-Based Restricted Stock shall be reduced by the smallest number of whole shares of common stock of the Company which, when multiplied by the fair market value of the common stock on the Vesting Date, is sufficient to satisfy the amount of the withholding tax obligations imposed on the Company by reason of the vesting of the Performance-Based Restricted Stock.
Tax Payment Upon Vesting. (a) At such time as the Recipient becomes vested pursuant to Section 2 or Section 3 above in the Restricted Shares, the Recipient (or his/her personal representative) shall deliver to the Company, within ten (10) days after the occurrence of the vesting event specified in Section 2 or Section 3 above (or in the event of death, within ten (10) days of the appointment of the personal representative) (a “Vesting Date”), either a certified check payable to the Company in the amount of all withholding tax obligations (whether federal, state, local or foreign income or social insurance tax), imposed on the Recipient and the Company by reason of the vesting of the Restricted Shares, or a withholding election form to be provided by the Company upon request by the Recipient (or personal representative). Failure to tender either the required certified check or withholding election form will result in a delay of the delivery of the Restricted Shares. Upon receipt of payment in full of all withholding tax obligations, the Company shall cause a certificate representing the vested Restricted Shares (which then will be unrestricted) to be issued and delivered to the Recipient.
Tax Payment Upon Vesting. At such time as the Director becomes vested pursuant to Section 2 above in the Restricted Stock, the Director (or his/her personal representative) must satisfy his federal, state and local, if any, withholding taxes imposed by reason of the exercise of the Option. The Director may satisfy this withholding obligation by paying to the Company the full amount of the withholding obligation in cash or check acceptable to the Company. If the Director fails to make such payment of the withholding taxes to the Company within five (5) days after the occurrence of the vesting event (a “Vesting Date”), the Director’s actual number of vested shares of Restricted Stock shall be reduced by the smallest number of whole shares of common stock of the Company which, when multiplied by the fair market value of the common stock on the Vesting Date, is sufficient to satisfy the amount of the withholding tax obligations imposed on the Company by reason of the vesting of the Restricted Stock.
Tax Payment Upon Vesting. (a) At such time as the Employee becomes vested pursuant to Section 3 above in all or any portion of the Performance-Based Restricted Stock, the Employee (or his/her personal representative) shall deliver to the Company, within ten (10) days after the occurrence of the vesting event specified in Section 3 above (or in the event of death, within ten (10) days of the appointment of the personal representative) (a “Vesting Date”), either a certified check payable to the Company in the amount of all withholding tax obligations (whether federal, state or local), imposed on the Employee and the Company by reason of the vesting of the Performance-Based Restricted Stock, or a Withholding Election Form to be provided by the Company upon request by the Employee (or personal representative). Failure to tender either the required certified check or Withholding Election Form will result in a delay of the delivery of the Performance-Based Restricted Stock. Upon receipt of payment in full of all withholding tax obligations, the Company shall cause a certificate representing the vested Performance-Based Restricted Stock (which then will be unrestricted) to be issued and delivered to the Employee.
Tax Payment Upon Vesting. The Recipient (or his/her personal representative) must satisfy his federal, state and local, if any, withholding taxes imposed by reason of the grant of the Stock. The Recipient may satisfy this withholding obligation by paying to the Company the full amount of the withholding obligation in cash or check acceptable to the Company. If the Recipient fails to make such payment of the withholding taxes to the Company within five (5) days after the occurrence of the Grant Date, the Recipient’s actual number of shares of Stock shall be reduced by the smallest number of whole shares of common stock of the Company which, when multiplied by the fair market value of the common stock on the Grant Date, is sufficient to satisfy the amount of the withholding tax obligations imposed on the Company by reason of the grant of the Stock.
Tax Payment Upon Vesting. If the Company is obligated to withhold federal, state and local income taxes to the extent that the Recipient realizes income in connection with earning and/or being paid any amounts under the terms of this Agreement, then the Recipient agrees that the Company may withhold amounts needed to cover such taxes from payments otherwise due and owing to the Recipient, and also agrees that upon demand the Recipient will promptly pay to the Company any additional amounts as may be necessary to satisfy such withholding tax obligation.
Tax Payment Upon Vesting. At such time as the Employee becomes vested pursuant to Section 2 or Section 3 above in all or any portion of the Restricted Stock, the Employee (or his/her personal representative) must satisfy his federal, state and local, if any, withholding taxes imposed by reason of the vesting of the Restricted Stock. The Employee may satisfy this withholding obligation by paying to the Company the full amount of the withholding obligation in any of the following manners: (a) in cash (including by wire transfer or by a personal check backed by sufficient funds); (b) by surrendering vested and nonforfeitable shares of common stock of the Company with an aggregate fair market value on the date of vesting equal to total amount owed by the Employee; (c) in any other manner previously approved by the Board or the Committee; or (d) through any combination of the foregoing. Failure to tender the required withholding taxes will result in a delay of the delivery of the Restricted Stock.
