Definition of Tax Withholding Liability

  1. Tax Withholding Liability means all federal and state income taxes, Social Security tax, Medicare tax and any other taxes applicable to the income arising from a transaction involving Options required by applicable law to be withheld by the Company. The Committee shall retain the discretion to determine the amount of Tax Withholding Liability.

Examples of Tax Withholding Liability in a sentence

  1. (c) As a condition to the issuance of the shares of Stock upon full or partial exercise of a Non-Qualified Option, the Optionee will pay to the Company in cash, or in such other form as the Committee may determine in its discretion, the amount of the Companys Tax Withholding Liability required in connection with such exercise.

Definition of Tax Withholding Liability in Compensation Plan

Tax Withholding Liability means all federal and state income taxes, Social Security tax, Medicare tax and any other taxes applicable to the income arising from a transaction involving Options required by applicable law to be withheld by the Company. The Committee shall retain the discretion to determine the amount of Tax Withholding Liability.