Common use of Alternative Withholding Methods Clause in Contracts

Alternative Withholding Methods. If the Company determines in its discretion that withholding in Shares is not permissible or advisable under applicable local law, the Company may satisfy its obligations for Tax-Related Items by one or a combination of the following: (i) withholding from the Participant’s wages or other cash compensation paid to the Participant by the Company and/or the Employer; or (ii) withholding from proceeds of the sale of Shares acquired upon vesting/settlement of the Award either through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf pursuant to this authorization); or (iii) requiring the Participant to pay an amount equal to the Tax-Related Items to the Company or the Employer.

Appears in 4 contracts

Sources: Restricted Stock Unit Agreement (Cadence Design Systems Inc), Restricted Stock Unit Agreement (Cadence Design Systems Inc), Restricted Stock Unit Agreement (Cadence Design Systems Inc)

Alternative Withholding Methods. If the Company determines in its discretion that withholding in Shares is not permissible or advisable under applicable local law, the Company may satisfy its obligations for Tax-Related Items by one or a combination of the following: (i) withholding from the Participant’s wages or other cash compensation paid to the Participant by the Company and/or the Employer; or; (ii) withholding from proceeds of the sale of Shares acquired made available upon vesting/settlement vesting of the Award either through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf pursuant to this authorization); or (iii) requiring the Participant to pay an amount equal to the Tax-Related Items to the Company or the Employer.

Appears in 4 contracts

Sources: Incentive Stock Award Agreement (Cadence Design Systems Inc), Incentive Stock Award Agreement (Cadence Design Systems Inc), Incentive Stock Award Agreement (Cadence Design Systems Inc)

Alternative Withholding Methods. If the Company determines in its discretion that withholding in Shares is not permissible or advisable under applicable local law, the Company may satisfy its obligations for Tax-Related Items by one or a combination of the followingby: (i) withholding from the Participant’s wages or other cash compensation paid to the Participant by the Company and/or the Employer; or (ii) withholding from proceeds of the sale of Shares acquired upon vesting/settlement of the Award either through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf pursuant to this authorization); or (iii) requiring the Participant to pay an amount equal to the Tax-Related Items to the Company or the Employer.

Appears in 2 contracts

Sources: Restricted Stock Unit Agreement (Cadence Design Systems Inc), Restricted Stock Unit Agreement (Cadence Design Systems Inc)

Alternative Withholding Methods. If the Company determines in its discretion that withholding in Shares is not permissible or advisable under applicable local law, the Company may satisfy its obligations for Tax-Related Items by one or a combination of the following: (i) withholding from the Participant’s wages or other cash compensation paid to the Participant by the Company and/or the Employer; or; (ii) withholding from proceeds of the sale of Shares acquired made available upon vesting/settlement vesting of the Award either through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf pursuant to this authorization); oror Omnibus Equity Incentive Plan - ISA Agreement - 7 Rev. May 2024 (iii) requiring the Participant to pay an amount equal to the Tax-Related Items to the Company or the Employer.

Appears in 1 contract

Sources: Incentive Stock Award Agreement (Cadence Design Systems Inc)

Alternative Withholding Methods. If the Company determines in its discretion that withholding in Shares is not permissible or advisable under applicable local law, the Company may satisfy its obligations or rights for Tax-Related Items by one or a combination of the following: (i) withholding from the Participant’s wages or other cash compensation paid to the Participant by the Company and/or the Employer; orService Recipient; (ii) withholding from proceeds of the sale of Shares acquired made available upon vesting/settlement vesting of the Award either through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf pursuant to this authorization); or (iii) requiring the Participant to pay an amount equal to the Tax-Related Items to the Company or the EmployerService Recipient.

Appears in 1 contract

Sources: Incentive Stock Award Agreement (Cadence Design Systems Inc)

Alternative Withholding Methods. If the Company determines in its discretion that withholding in Shares is not permissible or advisable under applicable local law, the Company may satisfy its obligations or rights for Tax-Related Items by one or a combination of the following: (i) withholding from the Participant’s wages or other cash compensation paid to the Participant by the Company and/or the Employer; or; (ii) withholding from proceeds of the sale of Shares acquired made available upon vesting/settlement vesting of the Award either through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf pursuant to this authorization); or (iii) requiring the Participant to pay an amount equal to the Tax-Related Items to the Company or the Employer.

Appears in 1 contract

Sources: Incentive Stock Award Agreement (Cadence Design Systems Inc)