Common use of Withholding of Tax Clause in Contracts

Withholding of Tax. To the extent that payment of the Performance Award results in compensation income to Employee for federal or state income tax purposes, the Company is authorized to withhold from any cash or Shares distributable to the Employee under this Agreement) then or thereafter payable to Employee any tax required to be withheld by reason of such resulting compensation income.

Appears in 10 contracts

Samples: Performance Award Agreement (Dynegy Inc.), Performance Award Agreement (Dynegy Inc /Il/), Performance Award Agreement (Dynegy Inc.)

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Withholding of Tax. To the extent that payment of the Performance Award results in compensation income to Employee for federal or state income tax purposes, the Company is authorized to withhold from any cash or Shares Stock distributable to the Employee under this Agreement) then or thereafter payable to Employee any tax required to be withheld by reason of such resulting compensation income.

Appears in 4 contracts

Samples: Form of Performance Award Agreement (Dynegy Inc.), Form of Performance Award Agreement (Dynegy Inc.), Form of Performance Award Agreement (Dynegy Inc.)

Withholding of Tax. To the extent that payment of the Performance Award results in compensation income to Employee for federal or state income tax purposes, the Company is authorized to withhold from any cash or Shares Stock distributable to the Employee under this Agreement) Agreement then or thereafter payable to Employee any tax required to be withheld by reason of such resulting compensation income.

Appears in 2 contracts

Samples: Form of Performance Award Agreement (Dynegy Inc.), Form of Performance Award Agreement (Dynegy Inc.)

Withholding of Tax. To the extent that payment of the this Performance Award results in compensation income to Employee for federal federal, state or state income other tax purposes, Employee shall (a) deliver to the Company, at the time of such payment, such amount of money or shares of Stock, (b) direct the Company is authorized to withhold from any cash or Shares distributable “net” such amount of Stock otherwise payable pursuant to the Employee under this Agreement, or (c) then provide any combination of (a) or thereafter payable (b), as required for the Company to Employee any meet its withholding obligations under applicable tax required to be withheld by reason of such resulting compensation income.laws or regulations,

Appears in 1 contract

Samples: Deferred Stock (Oil States International, Inc)

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Withholding of Tax. To the extent that payment of the Performance Award results in compensation income to Employee for federal or state income tax purposes, the Company is authorized to withhold from any cash or Shares Stock distributable to the Employee under this Agreement) , then or thereafter payable to Employee any tax required to be withheld by reason of such resulting compensation income.

Appears in 1 contract

Samples: Performance Award Agreement (Dynegy Inc.)

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