The Election. The Employee and Sun jointly elect that the entire liability of the UK Employer to pay the Employer’s Liability on the Taxable Event is hereby transferred to the Employee. The Employee understands that by signing the Election, he or she will become personally liable for the Employer’s Liability covered by this Election.
Appears in 4 contracts
Samples: Restricted Stock Unit Agreement (Sun Microsystems, Inc.), Restricted Stock Unit Agreement (Sun Microsystems, Inc.), Non Qualified Stock Option Agreement (Sun Microsystems, Inc.)
The Election. The Employee and Sun jointly elect that the entire liability of the UK Employer to pay the Employer’s Liability on the Taxable Event is hereby transferred to the Employee. The Employee understands that by signing the this Election, he or she will become personally liable for the Employer’s Liability covered by this Election.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Sun Microsystems, Inc.)
