Tax Withholding Obligation means any federal, state, local or foreign (non-United States) income, employment or other tax or social insurance contribution required by applicable law to be withheld in respect of Awards.
Examples of Tax Withholding Obligation in a sentence
Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable.
Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the withholding of Shares described above.
The Grantee acknowledges that the withheld Shares may not be sufficient to satisfy the Grantees minimum Tax Withholding Obligation.
To the extent the proceeds of such sale exceed the Grantees minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee.
The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantees minimum Tax Withholding Obligation.