Common use of Authorization to Withhold Clause in Contracts

Authorization to Withhold. The following provision supplements Section 2.1 (Responsibility for Taxes) of the Agreement: Without limiting the Company’s and the Employer’s authority to satisfy their withholding obligations for Tax-Related Items as set forth in Section 2.1 of the Agreement, by accepting the grant of RSUs, Participant authorizes the Company and/or the Employer to withhold Shares or to sell Shares otherwise deliverable to Participant upon vesting to satisfy Tax-Related Items, regardless of whether the Company and/or the Employer have an obligation to withhold such Tax-Related Items.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Solventum Corp), Restricted Stock Unit Award Agreement (3m Co)

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Authorization to Withhold. The following provision supplements Section 2.1 (Responsibility for Taxes) of the Agreement: Without limiting the Company’s and the Employer’s authority to satisfy their withholding obligations for Tax-Related Items as set forth in Section 2.1 of the Agreement, by accepting the grant of RSUsPerformance Shares, Participant authorizes the Company and/or the Employer to withhold Shares or to sell Shares otherwise deliverable to Participant upon vesting settlement to satisfy Tax-Related Items, regardless of whether the Company and/or the Employer have an obligation to withhold such Tax-Related Items.

Appears in 1 contract

Samples: Performance Share Award Agreement (3m Co)

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Authorization to Withhold. The following provision supplements Section 2.1 2.4 (Responsibility for Taxes) of the Agreement: Without limiting the Company’s and the Employer’s authority to satisfy their withholding obligations for Tax-Related Items as set forth in Section 2.1 2.4 of the Agreement, by in accepting the grant of RSUsOption, Participant authorizes the Company and/or the Employer to withhold Shares or to sell Shares otherwise deliverable to Participant upon vesting exercise to satisfy Tax-Related Items, regardless of whether the Company and/or the Employer have an obligation to withhold such Tax-Related Items.

Appears in 1 contract

Samples: Stock Option Award Agreement (3m Co)

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