Common use of Withholding Obligations Clause in Contracts

Withholding Obligations. On or before the time you receive a distribution of Common Shares pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate which arise in connection with your Award (the “Withholding Taxes”). The Company shall (i) withhold, from Common Shares otherwise issuable upon settlement of the Award, a portion of the Common Shares with an aggregate Market Price (measured as of the date Common Shares are delivered pursuant to Section 3) equal to the amount of the applicable withholding taxes; provided, however, that the number of such Common Shares so withheld shall not exceed the maximum amount that can be withheld to satisfy the Company’s required tax withholding obligations and (ii) make a cash payment equal to such fair market value directly to the appropriate taxing authorities.

Appears in 10 contracts

Samples: Restricted Share Unit Award Agreement (Bausch & Lomb Corp), Restricted Stock Unit Award Agreement (Valeant Pharmaceuticals International, Inc.), Share Unit Award Agreement (Bausch & Lomb Corp)

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Withholding Obligations. (a) On or before the time you receive a distribution of Common Shares pursuant the shares subject to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or Stock issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate Affiliate which arise in connection with your Award (the “Withholding Taxes”). The Additionally, the Company shall may, in its sole discretion, satisfy all or any portion of the Withholding Taxes obligation relating to your Award by any of the following means or by a combination of such means: (i) withhold, withholding from any compensation otherwise payable to you by the Company; (ii) causing you to tender a cash payment; or (iii) withholding shares of Common Shares Stock from the shares of Common Stock issued or otherwise issuable upon settlement of to you in connection with the Award, Award with a portion of the Common Shares with an aggregate Fair Market Price Value (measured as of the date shares of Common Shares Stock are delivered issued to you pursuant to Section 36) equal to the amount of the applicable withholding taxessuch Withholding Taxes; provided, however, that the number of such shares of Common Shares Stock so withheld shall not exceed the maximum amount that can be withheld necessary to satisfy the Company’s required tax withholding obligations using the minimum statutory withholding rates for federal, state, local and (ii) make a cash payment equal foreign tax purposes, including payroll taxes, that are applicable to such fair market value directly to the appropriate taxing authoritiessupplemental taxable income.

Appears in 5 contracts

Samples: Incentive Plan Restricted Stock Unit Agreement (Exelixis, Inc.), Restricted Stock Unit Agreement (Exelixis Inc), Incentive Plan Restricted Stock Unit Agreement (Exelixis, Inc.)

Withholding Obligations. (a) On or before the time you receive a distribution of Common Shares pursuant the shares subject to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or Stock issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate Affiliate which arise in connection with your Award (the “Withholding Taxes”). The Additionally, the Company shall may, in its sole discretion, satisfy all or any portion of the Withholding Taxes obligation relating to your Award by any of the following means or by a combination of such means: (i) withhold, withholding from any compensation otherwise payable to you by the Company; (ii) causing you to tender a cash payment; or (iii) withholding shares of Common Shares Stock from the shares of Common Stock issued or otherwise issuable upon settlement of to you in connection with the Award, Award with a portion of the Common Shares with an aggregate Fair Market Price Value (measured as of the date shares of Common Shares Stock are delivered issued to pursuant to Section 36) equal to the amount of the applicable withholding taxessuch Withholding Taxes; provided, however, that the number of such shares of Common Shares Stock so withheld shall not exceed the maximum amount that can be withheld necessary to satisfy the Company’s required tax withholding obligations using the minimum statutory withholding rates for federal, state, local and (ii) make a cash payment equal foreign tax purposes, including payroll taxes, that are applicable to such fair market value directly to the appropriate taxing authoritiessupplemental taxable income.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Cypress Bioscience Inc), Restricted Stock Unit Award Agreement (Cardionet Inc), Restricted Stock Unit Award Agreement (Cardionet Inc)

Withholding Obligations. On or before the time you receive a distribution of Common Shares pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Settlement Shares, payroll and any other amounts payable or issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate which arise in connection with your Award (the “Withholding Taxes). The Company shall (i) withhold, from Common Shares otherwise issuable upon settlement of the Award, a portion of the those Common Shares with an aggregate Market Price (measured as of i.e. closing last trade price on the date Common Shares are delivered pursuant to Section 3Measurement Date) equal to the amount of the applicable withholding taxes; provided, however, that the number of such Common Shares so withheld shall not exceed the maximum amount that can be withheld necessary to satisfy the Company’s required tax withholding obligations using the minimum statutory withholding tax rates (or such other amount as may be permitted by applicable law and accounting standards) , and (ii) make a cash payment equal to such fair market value directly to the appropriate taxing authorities.

Appears in 3 contracts

Samples: Consulting Agreement (Healthtech Solutions, Inc./Ut), Share Unit Grant Agreement (Healthtech Solutions, Inc./Ut), Share Unit Grant Agreement (Healthtech Solutions, Inc./Ut)

Withholding Obligations. On or before the time you receive a distribution of Common Shares pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate which arise in connection with your Award (the “Withholding Taxes”). The Company shall (i) withhold, from Common Shares otherwise issuable upon settlement of the Award, a portion of the those Common Shares with an aggregate Market Price (defined as in Section 3 of the Plan but measured as of the date Common Shares are delivered pursuant to Section 3delivery date) equal to the amount of the applicable withholding taxes; provided, however, that the number of such Common Shares so withheld shall not exceed the maximum amount that can be withheld necessary to satisfy the Company’s required tax withholding obligations using the minimum statutory withholding tax rates (or such other amount as may be permitted by applicable law and accounting standards), and (ii) make a cash payment equal to such fair market value directly to the appropriate taxing authorities.

Appears in 2 contracts

Samples: Employment Agreement (Valeant Pharmaceuticals International, Inc.), Grant Agreement (Valeant Pharmaceuticals International, Inc.)

Withholding Obligations. On or before the time you receive a distribution of Common Shares pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate which arise in connection with your Award (the “Withholding Taxes”). The Company shall (i) withhold, from Common Shares otherwise issuable upon settlement of the Award, a portion of the Common Shares with an aggregate Market Price (measured as of the date Common Shares are delivered pursuant to Section 3) equal to the amount of the applicable withholding taxesWithholding Taxes; provided, however, that the number of such Common Shares so withheld shall not exceed the maximum amount that can be withheld to satisfy the Company’s required tax withholding obligations and (ii) make a cash payment equal to such fair market value directly to the appropriate taxing authorities.

Appears in 1 contract

Samples: Matching Restricted Stock Unit Agreement (Bausch Health Companies Inc.)

Withholding Obligations. On or before the time you receive a distribution of Common Shares pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate which arise in connection with your Award (the “Withholding Taxes”). The Participant may direct the Company shall to (i) withhold, from Common Shares otherwise issuable upon settlement of the Award, a portion of the those Common Shares with an aggregate Market Price (defined as in Section 3 of the Plan but measured as of the date Common Shares are delivered pursuant to Section 3delivery date) equal to the amount of the applicable withholding taxes; provided, however, that the number of such Common Shares so withheld shall not exceed the maximum amount that can be withheld necessary to satisfy the Company’s required tax withholding obligations using the minimum statutory withholding tax rates, and (ii) make a cash payment equal to such fair market value directly to the appropriate taxing authorities, as provided in the Agreement.

Appears in 1 contract

Samples: Share Unit Grant Agreement (Valeant Pharmaceuticals International, Inc.)

Withholding Obligations. On or before the time you receive a distribution of Common Shares pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate which arise in connection with your Award (the “Withholding Taxes”). The Company shall (i) withhold, from Common Shares otherwise issuable upon settlement of the Award, a portion of the those Common Shares with an aggregate Market Price (defined as in Section 3 of the Plan but measured as of the date Common Shares are delivered pursuant to Section 3delivery date) equal to the amount of the applicable withholding taxes; provided, however, that the number of such Common Shares so withheld shall not exceed the maximum amount that can be withheld to satisfy the Company’s required tax withholding obligations and (ii) make a cash payment equal to such fair market value directly to the appropriate taxing authorities.

Appears in 1 contract

Samples: Valeant Pharmaceuticals International, Inc.

Withholding Obligations. On or before the time you receive a distribution of Common Shares pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate which arise in connection with your Award (the “Withholding Taxes”). The You may direct the Company shall to (i) withhold, from Common Shares otherwise issuable upon settlement of the Award, a portion of the those Common Shares with an aggregate Market Price (defined as in Section 3 of the Plan but measured as of the date Common Shares are delivered pursuant to Section 3delivery date) equal to the amount of the applicable withholding taxes; provided, however, that the number of such Common Shares so withheld shall not exceed the maximum amount that can be withheld necessary to satisfy the Company’s required tax withholding obligations using the minimum statutory withholding tax rates, and (ii) make a cash payment equal to such fair market value directly to the appropriate taxing authorities, as provided in the Agreement.

Appears in 1 contract

Samples: Grant Agreement (Valeant Pharmaceuticals International, Inc.)

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Withholding Obligations. On or before the time you receive a distribution of Common Shares pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate which arise in connection with your Award (the “Withholding Taxes”). The Company shall (i) withhold, from Common Shares otherwise issuable upon settlement of the Award, a portion of the Common Shares with an aggregate Market Price (measured as of the date Common Shares are delivered pursuant to Section 32(d) of this Agreement) equal to the amount of the applicable withholding taxes; provided, however, that the number of such Common Shares so withheld shall not exceed the maximum amount that can be withheld to satisfy the Company’s required tax withholding obligations and (ii) make a cash payment equal to such fair market value directly to the appropriate taxing authorities.

Appears in 1 contract

Samples: Bausch Health Companies Inc.

Withholding Obligations. On or before the time you receive a distribution of Common Shares pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate Affiliate which arise in connection with your Award (the “Withholding Taxes”). The Company shall (i) withhold, from Common Shares otherwise issuable upon settlement of the Award, a portion of the Common Shares with an aggregate Market Price (measured as of the date Common Shares are delivered pursuant to Section 34) equal to the amount of the applicable withholding taxesWithholding Taxes; provided, however, that the number of such Common Shares so withheld shall not exceed the maximum amount that can be withheld to satisfy the Company’s required tax withholding obligations and (ii) make a cash payment equal to such fair market value directly to the appropriate taxing authorities.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Bausch & Lomb Corp)

Withholding Obligations. On or before the time you receive a distribution of Common Shares pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate Affiliate which arise in connection with your Award (the “Withholding Taxes”). The Company shall be permitted to (i) withhold, from Common Shares otherwise issuable upon settlement of the Award, a portion of the Common Shares with an aggregate Market Price (measured as of the date Common Shares are delivered pursuant to Section 34) equal to the amount of the applicable withholding taxes; provided, however, that the number of such Common Shares so withheld shall not exceed the maximum amount that can be withheld to satisfy the Company’s required tax withholding obligations and and/or (ii) make a cash payment equal to such fair market value directly to the appropriate taxing authorities.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Bausch & Lomb Corp)

Withholding Obligations. On or before the time you receive a distribution of Common Shares pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate which arise in connection with your Award (the “Withholding Taxes”). The Company shall be permitted to (i) withhold, from Common Shares otherwise issuable upon settlement of the Award, a portion of the Common Shares with an aggregate Market Price (measured as of the date Common Shares are delivered pursuant to Section 34) equal to the amount of the applicable withholding taxes; provided, however, that the number of such Common Shares so withheld shall not exceed the maximum amount that can be withheld to satisfy the Company’s required tax withholding obligations and and/or (ii) make a cash payment equal to such fair market value directly to the appropriate taxing authorities.

Appears in 1 contract

Samples: Bausch & Lomb Corp

Withholding Obligations. (a) On or before the time you receive a distribution of Common Shares pursuant the shares subject to your Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from the Common Shares, payroll and any other amounts payable or Stock issuable to you and/or otherwise agree to make adequate provision in cash for any sums that can be withheld required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any affiliate Affiliate which arise in connection with your Award (the “Withholding Taxes”). The Additionally, the Company shall may, in its sole discretion, satisfy all or any portion of the Withholding Taxes obligation relating to your Award by any of the following means or by a combination of such means: (i) withhold, withholding from any compensation otherwise payable to you by the Company or an Affiliate; (ii) causing you to tender a cash payment; or (iii) withholding shares of Common Shares Stock from the shares of Common Stock issued or otherwise issuable upon settlement of to you in connection with the Award, Award with a portion of the Common Shares with an aggregate Fair Market Price (measured as of the date Common Shares are delivered pursuant to Section 3) Value equal to the amount of the applicable withholding taxessuch Withholding Taxes; provided, however, that the number no shares of such Common Shares so Stock are withheld shall not exceed with a value exceeding the maximum amount of tax that can may be required to be withheld to satisfy the Company’s required tax withholding obligations and by law (ii) make or such other amount as may be permitted while still avoiding classification of your Award as a cash payment equal to such fair market value directly to the appropriate taxing authoritiesliability for financial accounting purposes).

Appears in 1 contract

Samples: Equity Incentive Plan Restricted Stock Unit Agreement (Exelixis, Inc.)

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