Definition of Tax Obligation

  1. Tax Obligation means with respect to any period an amount equal to the total obligation of the Company to withhold and deposit federal, state or local employment and income taxes with respect to an Award.

Examples of Tax Obligation in a sentence

  1. Grantee acknowledges that the Company or its designee is under no obligation to arrange for a Tax Obligation Sale at any particular price, and that the proceeds of any Tax Obligation Sale may not be sufficient to satisfy Grantees minimum Tax Withholding Obligation.
  2. Employment Covenants; Surrender of Stock; Tax Obligation; Indemnity.

Definition of Tax Obligation in Amended and Restated

Tax Obligation means with respect to any period an amount equal to the total obligation of the Company to withhold and deposit federal, state or local employment and income taxes with respect to an Award.