Common use of Vesting of Award Clause in Contracts

Vesting of Award. There will be no regular federal or state income tax liability upon vesting of the Award. However, there may be federal and state employment taxes due upon vesting of the Award.

Appears in 13 contracts

Samples: Incentive Stock Option Award Agreement (Southland Holdings, Inc.), Stock Appreciation Right Award Agreement (Southland Holdings, Inc.), Non Qualified Stock Option Award Agreement (Southland Holdings, Inc.)

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Vesting of Award. There will be no regular federal or state income tax liability upon vesting of the Award. However, there may be federal and state employment taxes due upon vesting of the Award.. Southland Holdings, Inc. 2022 Equity Incentive Plan Restricted Share Unit Award Agreement

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Southland Holdings, Inc.)

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