Withholding Shares definition

Withholding Shares has the meaning set forth for such term in Section 4 of this Agreement.
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Withholding Shares means 96,847 of the shares of Common Stock sold by the Company in the Initial Public Offering.
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Withholding Shares has the meaning set forth in Section 5.2(b)(ii).
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Examples of Withholding Shares in a sentence

  • To the extent that the Company is not able to settle the Dividend Tax liability by the date when payment thereof is due in accordance with applicable laws, whether due to not being in a position to dispose of the Montauk Renewables Tax Withholding Shares in time, or otherwise, Montauk Renewables intends to advance a loan on terms acceptable to the Company with a face value not exceeding US$5 million so as to enable the Company to settle the Dividend Tax obligation.

  • Following the Distribution, US Offering and disposal by Montauk of the Withholding Shares (if applicable), Montauk will not own any equity interest in Montauk Renewables and Montauk Renewables will be an independent US company that will be listed on the NASDAQ and inward listed on the Main Board of the JSE.

  • In terms of the Unbundling, La Concorde will unbundle the Distribution Shares to Shareholders, by way of a distribution in specie pro rata to their respective shareholding in La Concorde as at the Unbundling Record Date, in the ratio of 1.59466 Distribution Shares for every 1 Share held by any such Shareholder on the Unbundling Record Date, subject to the withholding of the La Concorde Tax Withholding Shares, as contemplated in paragraph 4.8 of this Circular.

  • In terms of the Unbundling, La Concorde, will distribute the Distribution Shares to Shareholders by way of a distribution in specie pro rata to their respective shareholding in La Concorde, in the ratio of 1.59466 Distribution Shares for every 1 Share held by any such Shareholder on the Unbundling Record Date, but subject to the withholding of the La Concorde Tax Withholding Shares, as contemplated in paragraph 4.8 of this Circular.

  • Following the disposal by Montauk of the Withholding Shares (if any) and settlement of taxes and other costs associated with the Distribution, Montauk will hold no significant assets or operations, and it is expected that its Shares will have no value.

  • Immediately thereafter, Montauk will distribute all of the issued and outstanding shares of common stock of Montauk Renewables it holds to the Shareholders in specie (subject to withholding of the Withholding Shares).

  • Example of Withholding Shares for TaxesRestricted Shares Vested1,000Fair Market Value on Vesting$20.00This is a hypothetical example and for illustrative purposes only.

  • In the event that a Shareholder does not qualify for an exemption from STT, the relevant La Concorde Tax Withholding Shares will (in the absence of a written request to the contrary by such Shareholder to Newco and such Shareholder paying the applicable STT cash amount to Newco) be sold on such Shareholder’s behalf in order to settle such Shareholder’s liability to make payment of the STT to Newco (as contemplated in paragraph 4.8.4.3).

  • Securities and Exchange Commission August 11, 1987 Page Five 000G07 of the Act for one year, will be exempt from the opera- tion of Section 16(b) of the Act pursuant to the provi- sions of Rule 16b-3(e) in the event that such Officer does not make a Section 83(b) Election and tenders back to the Company the Withholding Shares at a time when the Company will have been subject to the reporting require- ments of Section 13 of the Act for at least one year.

  • The relevant La Concorde Tax Withholding Shares will be withheld, in relation to a particular Shareholder, in order to allow La Concorde and Newco (as applicable) to dispose of such shares to enable them to make payment of such liability for dividends tax and STT, respectively.


More Definitions of Withholding Shares

Withholding Shares shall have the meaning set forth in Section 13.3.
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Withholding Shares means those Exercise Shares, if any, otherwise deliverable to Executive upon exercise of the Options this date that are being withheld by the Company, pursuant to Section 2(c), in payment of any Required Taxes now required to be paid by the Company as a result of such exercise. The number of Withholding Shares is set forth on Exhibit 1 hereto.
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Withholding Shares means shares of Company Common Stock paid by option holders to the Company to satisfy Tax withholding obligations resulting from the exercise of a stock options subsequent to the date of the Initial Agreement other than the 858 shares withheld as described in the last sentence of Section 8.02(c).
Sample 1
Withholding Shares means those MRI Shares (if any) withheld by MNK in relation to any Record Holders: (i) to enable MNK to settle the dividends tax liability arising from the Distribution to a Record Holder in terms of the Income Tax Act, 1962 (Act No. 58 of 1962), as amended; or (ii) who delivered a demand made in terms of section 164(5) of the Companies Act, in terms of which such Record Holder demanded that MNK pay such Record Holders the fair value for all of the MNK Shares which such Record Holder holds.
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Related to Withholding Shares

  • Withholding Agent means any Loan Party and the Administrative Agent.

  • Withholding means the retention of aid payments.

  • Withholding Taxes means any taxes, including, but not limited to, social security and Medicare taxes and federal, state and local income taxes, required to be withheld under any applicable law.

  • Withholding Tax means any tax, deduction, levy or similar payment obligation that is required to be deducted or withheld from a payment under Applicable Law. Annex 1 – Data Processing

  • Applicable Withholding Taxes means the minimum aggregate amount of federal, state and local income and payroll taxes that the Company is required by applicable law to withhold in connection with any Incentive Award.

  • Required Withholding Amount has the meaning specified in Section 5 of this Agreement.

  • Income-withholding order means an order or other legal

  • FATCA Withholding means any withholding or deduction required pursuant to an agreement described in section 1471(b) of the Code, or otherwise imposed pursuant to sections 1471 through 1474 of the Code, any regulations or agreements thereunder, any official interpretations thereof, or any law implementing an intergovernmental approach thereto.

  • Swiss Withholding Tax Act means the Swiss Federal Act on Withholding Tax of 13 October 1965 (Bundesgesetz über die Verrechnungssteuer), together with the related ordinances, regulations and guidelines, all as amended and applicable from time to time.

  • Swiss Withholding Tax means any withholding tax in accordance with the Swiss Federal Statute on Anticipatory Tax of 13 October 1965 (Bundesgesetz uber die Verrechnungssteuer) and any successor provision, as appropriate.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • FATCA Withholding Tax means any withholding or deduction required pursuant to FATCA.

  • Unpaid withholding tax means withholding tax due but not paid by the date the withholding tax is required to be paid under applicable law.

  • Excluded Withholding Taxes means (i) withholding Taxes imposed by the United States except to the extent that such United States withholding Taxes are imposed or increased as a result of any change in applicable law (excluding from change in applicable law for this purpose a change in an applicable treaty or other change in law affecting the applicability of a treaty) after the date hereof, or in the case of a successor Liquidity Provider (including a transferee of an Advance) or Facility Office, after the date on which such successor Liquidity Provider obtains its interest or on which the Facility Office is changed, (ii) any withholding Taxes imposed by the United States which are imposed or increased as a result of the Liquidity Provider failing to deliver to the Borrower any certificate or document (which certificate or document in the good faith judgment of the Liquidity Provider it is legally entitled to provide) which is reasonably requested by the Borrower to establish that payments under this Agreement are exempt from (or entitled to a reduced rate of) withholding Tax and (iii) Taxes imposed under Sections 1471 through 1474 of the Internal Revenue Code of 1986, as amended.

  • Withholding Certificate means a Form W-9; a Form W-8BEN; a Form W-8ECI; a Form W-8IMY and the related statements and certifications as required under § 1.1441-1(e)(2) and/or (3) of the Regulations; a statement described in § 1.871-14(c)(2)(v) of the Regulations; or any other certificates under the Internal Revenue Code or Regulations that certify or establish the status of a payee or beneficial owner as a U.S. or foreign person. Each Lender, assignee or participant required to deliver to the Borrower and the Agent a Withholding Certificate pursuant to the preceding sentence shall deliver such valid Withholding Certificate as follows: (A) each Lender which is a party hereto on the Closing Date shall deliver such valid Withholding Certificate at least five (5) Business Days prior to the first date on which any interest or fees are payable by the Borrower hereunder for the account of such Lender; (B) each assignee or participant shall deliver such valid Withholding Certificate at least five (5) Business Days before the effective date of such assignment or participation (unless the Agent in its sole discretion shall permit such assignee or participant to deliver such valid Withholding Certificate less than five (5) Business Days before such date in which case it shall be due on the date specified by the Agent). Each Lender, assignee or participant which so delivers a valid Withholding Certificate further undertakes to deliver to each of the Borrower and the Agent two (2) additional copies of such Withholding Certificate (or a successor form) on or before the date that such Withholding Certificate expires or becomes obsolete or after the occurrence of any event requiring a change in the most recent Withholding Certificate so delivered by it, and such amendments thereto or extensions or renewals thereof as may be reasonably requested by the Borrower or the Agent. Notwithstanding the submission of a Withholding Certificate claiming a reduced rate of or exemption from U.S. withholding tax, the Agent shall be entitled to withhold United States federal income taxes at the full 30% withholding rate if in its reasonable judgment it is required to do so under the due diligence requirements imposed upon a withholding agent under § 1.1441-7(b) of the Regulations. Further, the Agent is indemnified under § 1.1461-1(e) of the Regulations against any claims and demands of any Lender or assignee or participant of a Lender for the amount of any tax it deducts and withholds in accordance with regulations under § 1441 of the Internal Revenue Code.

  • Payment Shares has the meaning set forth in Section 2.02;

  • Tax Obligations means taxes, withholding, certification and reporting requirements, claims for exemptions or refund, interest, penalties, additions to tax and other related expenses.

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Aggregate Option Exercise Price means an amount equal to the aggregate dollar amount of the exercise price on all Company Options outstanding immediately prior to the Effective Time.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • RSU Shares means shares of Common Stock that underlie an RSU.

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Cash Election Shares shall have the meaning set forth in Section 3.2.1.

  • Shares means the interests of Shareholders corresponding to the redeemable securities of record issued by the Fund under the Investment Company Act of 1940 that are held by the Intermediary.

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.