Examples of Applicable Withholding Rate in a sentence
Subject to Section 9.5 of the Plan, the applicable tax withholding obligation will be determined based on Participant’s Applicable Withholding Rate.
Any election of an Alternate Withholding Rate under an Alternate Rate Form will become the default Applicable Withholding Rate with respect to all of Participant’s outstanding equity awards (including options exercised during the applicable period) until a new Alternate Rate Form is filed with the Corporation in accordance with the administrative procedures provided for by the Corporation.
However, Participant may elect an alternate Applicable Withholding Rate equal to the maximum statutory tax rate for the applicable withholding tax in Participant’s applicable jurisdictions (the “Alternate Withholding Rate”).
With respect to tax withholding obligations, the number of Shares which may be so withheld or surrendered shall be limited to the number of Shares which have a fair market value on the date of withholding no greater than the aggregate amount of such liabilities based on Participant’s Applicable Withholding Rate.
Subject to Section 11 of the Plan, the applicable tax withholding obligation will be determined based on Participant’s Applicable Withholding Rate.
Notwithstanding the foregoing, in the event Participant is determined to be subject to Section 16 of the 1934 Act at the time of settlement, the Applicable Withholding Rate the Alternate Withholding Rate must be approved by the Corporation’s Compensation Committee.
Subject to Section 11.2 of the Plan, the applicable tax withholding obligation will be determined based on the Participant’s Applicable Withholding Rate.
With respect to tax withholding obligations, the number of Shares which may be so withheld or surrendered shall be limited to the number of Shares which have a fair market value on the date of withholding no greater than the aggregate amount of such liabilities based on Participant’s Applicable Withholding Rate.(b)Subject to Section 9.5 of the Plan, the applicable tax withholding obligation will be determined based on Participant’s Applicable Withholding Rate.
The number of Shares which may be so withheld or surrendered shall be limited to the number of Shares which have a fair market value on the date of withholding no greater than the aggregate amount of such liabilities based on Participant’s Applicable Withholding Rate (as defined below).