Common use of Withholding with Stock Clause in Contracts

Withholding with Stock. Unless specifically denied by the Committee, Participant may elect to pay all minimum required amounts of tax withholding, or any part thereof, by electing to transfer to the Company Shares having a value equal to the minimum amount required to be withheld under federal, state or local law or such lesser amount as may be elected by the Participant. The value of Shares to be transferred to the Company shall be based on the Fair Market Value of the Stock on the date that the amount of tax to be withheld is to be determined (the “Tax Date”), as determined by the Committee. Any such elections by the Participant to have Shares withheld for this purpose will be subject to the following restrictions:

Appears in 3 contracts

Samples: Restricted Stock Agreement (Layne Christensen Co), Restricted Stock Agreement (Layne Christensen Co), Restricted Stock Agreement (Layne Christensen Co)

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Withholding with Stock. Unless specifically denied by the Committee, Participant may elect to pay all minimum required amounts of tax withholding, or any part thereof, by electing to transfer to that the Company withhold from the settlement of Shares otherwise eligible to be issued pursuant to this Award Agreement, Shares having a value equal to the minimum amount required to be withheld under federal, state or local law or such lesser amount as may be elected by the Participant. The value of Shares to be transferred to withheld by the Company shall be based on the Fair Market Value of the Stock on the date that the amount of tax to be withheld is to be determined (the “Tax Date”), as determined by the Committee. Any such elections by the Participant to have Shares withheld for this purpose will be subject to the following restrictions:

Appears in 2 contracts

Samples: Performance Shares Agreement (Layne Christensen Co), Restricted Stock Unit Agreement (Layne Christensen Co)

Withholding with Stock. Unless specifically denied by the Committee, Participant may elect to pay all minimum required amounts of have applicable tax withholdingwithholding liabilities, or any part thereof, satisfied by electing to transfer to that the Company withhold from the settlement of Shares otherwise eligible to be issued pursuant to this Award Agreement, Shares having a value equal to the minimum amount required to be withheld under federalapplicable withholding liabilities, state or local law or such lesser amount as may be elected by the Participantportion thereof. The value of Shares to be transferred to withheld by the Company shall be based on the Fair Market Value of the Stock on the date that the amount of tax to be withheld is to be determined (the "Tax Date"), as determined by the Committee. Any such elections by the Participant to have Shares withheld for this purpose will be subject to the following restrictions:

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Layne Christensen Co), Performance Shares Agreement (Layne Christensen Co)

Withholding with Stock. Unless specifically denied by the Committee, Participant may elect to pay all minimum required amounts of tax withholding, or any part thereof, by electing to transfer to the Company Company, Vested Shares from the same tranche having a value equal to the statutory minimum amount required to be withheld under federal, state or local law or such lesser amount as may be elected by the Participant. The value of such Shares to be transferred to the Company shall be based on the Fair Market Value of the Stock on the date that the amount of tax to be withheld is to be determined (the “Tax Date”), as determined by the Committee. Any such elections election by the Participant to have such Shares withheld for this purpose will be subject to the following restrictions:

Appears in 1 contract

Samples: Restricted Stock Agreement (Cerner Corp /Mo/)

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Withholding with Stock. Unless specifically denied by the Committee, Participant may elect to pay all minimum required amounts of tax withholding, or any part thereof, by electing to transfer to the Company Shares having a value equal to the minimum amount required to be withheld under federal, state or local law or such lesser amount as may be elected by the Participant. The value of Shares to be transferred to the Company shall be based on the Fair Market Value of the Stock on the date that the amount of tax to be withheld is to be determined (the "Tax Date"), as determined by the Committee. Any such elections by the Participant to have Shares withheld for this purpose will be subject to the following restrictions:

Appears in 1 contract

Samples: Layne Christensen Company (Layne Christensen Co)

Withholding with Stock. Unless specifically denied by the Committee, Participant may elect to pay all minimum required amounts of tax withholding, or any part thereof, by electing to transfer to the Company Company, Shares having a value equal to the minimum amount required to be withheld under federal, state or local law or such lesser amount as may be elected by the Participant. The value of Shares to be transferred to the Company shall be based on the Fair Market Value of the Stock on the date that the amount of tax to be withheld is to be determined (the "Tax Date"), as determined by the Committee. Any such elections election by the Participant to have Shares withheld for this purpose will be subject to the following restrictions:

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Amcon Distributing Co)

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