Definition of Share Withholding Tax

Share Withholding Tax means, with respect to any Shares, the amount, if any, that the Company is required to deduct or withhold from the amount otherwise payable to the holder of such Shares under the Code, or any provisions of state, provincial, local or foreign Tax Law upon the sale of such Shares.
Sample 1

Examples of Share Withholding Tax in a sentence

Per Share Merger Consideration (together with any applicable Share Withholding Tax) payable in accordance with the terms of this Article 2 shall be deemed to have been paid in full satisfaction of all rights pertaining to such Shares, and all rights pertaining to the Warrants, other than the continuing right to exercise the Warrants for a pro-rata share of the Per Share Merger Consideration in accordance with the provisions of this Agreement and the certificates evidencing the Warrants.