Required Withholding definition

Required Withholding means the federal, state or local employment taxes, including applicable FICA and FUTA taxes required to be withheld under Code Sections 3101 and 3501, respectively, from any (a) Elective Deferrals, (b) elective deferrals on behalf of the Participant to the Qualified Plan or to any other Employer-sponsored employee benefit plan, (c) Bonus Deferrals, (d) amounts required to be paid to a third person pursuant to lien, court order or similar process, and/or (e) any other compensation not paid to the Participant in cash, and all federal, state or local income and employment taxes attributable thereto required to be withheld from income, and any additional such taxes attributable to such withholdings. The Administrator shall determine Required Withholdings in its discretion.

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Required Withholding has the meaning given in Clause 10.1.

Required Withholding has the meaning set forth in Section 5.11.1.

Examples of Required Withholding in a sentence

• The amount of the Required Withholding and the number of shares to satisfy the Participant’s Required Withholding shall be based on the Fair Market Value of the shares on the date prior to the applicable date of income inclusion.

• The obligations of the Company under this Award will be conditioned on such satisfaction of the Required Withholding.

• The obligations of the Company under this Agreement shall be conditioned on such satisfaction of the Required Withholding.

• If the Grantee elects to make payment of the Base Price by delivery of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds required to pay the Base Price, such instructions may also include instructions to deliver the Required Withholding Amount to the Company.

• In such case, the Company will notify the broker promptly of its determination of the Required Withholding Amount.

• The Company will not deliver Shares to you or release the restrictions on Shares under this Agreement unless you remit (or in appropriate cases agree to remit) or otherwise provide for the Required Withholding as allowed under the Plan, as amended.

• As of any date that a required tax withholding liability (“Required Withholding”) occurs, you must remit all amounts necessary to satisfy the Required Withholding.

• In such case, the Company will notify the broker promptly of the Committee’s determination of the Required Withholding Amount.

• The Company retains the discretion to require a specific method of withholding and may exercise such discretion at any time prior to the Required Withholding or, if applicable, the earlier date of your irrevocable election.

• If this election is extended to you, the Committee hereby accepts your irrevocable election made prior to the time the Required Withholding liability occurs.

More Definitions of Required Withholding

Required Withholding shall have the meaning set forth in Section 2.7.

Required Withholding shall have the meaning given in Section 5.10.

Required Withholding has the meaning set forth in Article 15.

Required Withholding has the meaning ascribed to such term in Section 5.4; (yy) “Share Consideration” means 0.40 of a Marathon Gold Common Share for each Mountain Lake Common Share;

Required Withholding has the meaning ascribed to such term in Section 5.03;