Share Withholding Election definition

Share Withholding Election means a written election on a form provided by the Administrator, filed with the Administrator in accordance with the rules applicable to the filing of Initial Elections under Article 3, pursuant to which an Eligible Employee, Former Eligible Employee, Successor-in-Interest or Permitted Transferee elects to have the number of Shares deferred pursuant to the exercise of all or part of an Option and credited under the Plan as Deferred Stock Units adjusted so that Deferred Stock Units that would, but for a Share Withholding Election, be credited to an Account under the Plan, shall be deemed distributed pursuant to the Plan to satisfy applicable withholding tax liabilities, as described in Section 10.2.
Sample 1Sample 2Sample 3
Share Withholding Election means a written election on a form provided by the Administrator, filed with the Administrator in accordance with the rules applicable to the filing of Elections under Article 3, pursuant to which an Eligible Employee, Former Eligible Employee, Successor-in-Interest or Permitted Transferee elects to have the number of Shares deferred pursuant to the exercise of all or part of an Option and credited under the Plan as Deferred Stock Units adjusted so that Deferred Stock Units that would, but for a Share Withholding Election, be credited to an Account under the Plan, shall be deemed distributed pursuant to the Plan to satisfy applicable withholding tax liabilities, as described in Paragraph 10.2. With respect to Options that become subject to an Election after January 27, 1999, a Share Withholding Election must be filed not later than the applicable deadline for filing an Election under Article 3. With respect to Options that are subject to an Election on January 27, 1999, a Share Withholding Election must be filed on or before February 26, 1999.
Sample 1Sample 2
Share Withholding Election means a written election on a form provided by the Administrator, filed with the Administrator in accordance with the rules applicable to the filing of Initial Elections under Article 3, pursuant to which an Eligible Employee, Former Eligible Employee,
Sample 1

Examples of Share Withholding Election in a sentence

  • Either (i) the minimum amount of withholding taxes arising because of the recognition of income (and consequent non-deferral of income) with respect to such withheld Shares, or (ii) the amount of withholding taxes arising because of the recognition of income (and consequent non-deferral of income) with respect to such withheld Shares, calculated at the highest applicable marginal tax rates, as indicated on the Share Withholding Election.

  • A Share Withholding Election must be in writing and must be delivered to the Company no later than with the delivery of the notice of exercise of the option.

  • An optionee may, in the discretion of the Plan Administrator, elect to pay the exercise price of an option, in whole or in part, by requesting that the Company withhold shares of stock otherwise issuable to the optionee having a fair market value equal to the portion of the exercise price of the option being paid pursuant to such election (a "Share Withholding Election").

  • An optionee may, in the discretion of the Committee, elect to pay the exercise price of an option, in whole or in part, by requesting that the Company withhold shares of stock otherwise issuable to the optionee having a fair market value equal to the portion of the exercise price of the option being paid pursuant to such election (a "Share Withholding Election").

  • The Share Withholding Election shall be subject to approval by the Committee, which approval may be granted or withdrawn at any time prior to the exercise date of the option.

  • Notwithstanding the foregoing, a Share Withholding Election to satisfy withholding obligations arising from the vesting of Shares under the Grant may not occur during the 6-month period following the Date of Grant and no Share Withholding Election attempting to effect the withholding of Shares within such 6-month period shall be effective.

  • Notwithstanding the foregoing, the withholding of shares in payment of the exercise price of an option may not occur during the six-month period following the date on which such option was granted, and no Share Withholding Election attempting to effect a withholding of shares within such six-month period shall be effective.

  • A Share Withholding Election made at least 6 months prior to the Tax Date may be either a “standing” election requesting the withholding of otherwise issuable Shares with respect to the Grant’s future vesting (if any) or a “one-time” election with respect to certain vesting of the Grant.

  • Option Shares" mean the Shares that are subject to the portion of ------------ an Option as to which an Initial Election or Subsequent Election is in effect as adjusted to reflect a Share Withholding Election.

Related to Share Withholding Election

  • Required Withholding Amount has the meaning specified in Section 5 of this Agreement.

  • Income-withholding order means an order or other legal

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Stock Election shall have the meaning set forth in Section 3.2.2.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Applicable Withholding Taxes means the minimum aggregate amount of federal, state and local income and payroll taxes that the Company is required by applicable law to withhold in connection with any Incentive Award.

  • Payment Election means an election pursuant to Section 5.1.

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • LCA Election has the meaning specified in Section 1.09(a).

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • FATCA Withholding means any withholding or deduction required pursuant to an agreement described in section 1471(b) of the Code, or otherwise imposed pursuant to sections 1471 through 1474 of the Code, any regulations or agreements thereunder, any official interpretations thereof, or any law implementing an intergovernmental approach thereto.

  • Nonqualified withdrawal means a withdrawal from an account that is not:

  • Cash Election shall have the meaning set forth in Section 3.2.2.

  • Investment Election means the Participant’s election to have deferred amounts credited with hypothetical earnings credits (or losses) that track the investment performance of the Investment Options and/or Common Stock in accordance with Article V.

  • Unpaid withholding tax means withholding tax due but not paid by the date the withholding tax is required to be paid under applicable law.

  • Early Opt-in Election means the occurrence of:

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

  • Withholding Agent means any Loan Party and the Administrative Agent.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Qualified Election means a Participant's waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-Retirement Survivor Annuity. Any such waiver must be consented to in writing by the Participant's Spouse. The Spouse's consent must: designate a specific Beneficiary (including any class of Beneficiaries or any contingent Beneficiaries, which may not be changed without spousal consent) or expressly permits designations by the Participant without any further spousal consent; acknowledge the effect of the election; and be witnessed by a member of the Committee or a Notary Public. Additionally, a Participant's waiver of the Qualified Joint and Survivor Annuity shall not be effective unless the election designates a form of benefit payment which may not be changed without spousal consent (or the Spouse expressly permits designations by the Participant without any further spousal consent). Notwithstanding this consent requirement, if the Participant establishes to the satisfaction of a member of the Committee that there is no Spouse or the Spouse cannot be located, a waiver will be deemed a Qualified Election. Any spousal consent (or deemed spousal consent) obtained under this provision will be valid only with respect to such Spouse. A consent that permits designations by the Participant without further consent by such Spouse must acknowledge that the Spouse has the right to limit consent to a specific Beneficiary and, where applicable, a specific form of benefit, and that the Spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before the commencement of benefits. The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in paragraph (b) below.

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.