Common use of By Sale of Shares Clause in Contracts

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement, Restricted Stock Bonus Award Agreement (Brooke Robert T.), Restricted Stock Award Agreement (Restoration Hardware Holdings Inc)

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By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s Your acceptance of this Award Agreement constitutes the Grantee’s your instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s your behalf a whole number of Shares shares from those Shares issuable to the Grantee you as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) Taxable Date or as soon thereafter as practicable. The Grantee You will be responsible for all broker’s brokers’ fees and other costs of sale, which fees and costs may be deducted from the Grantee agrees proceeds of the foregoing sale of Shares, and you agree to indemnify and hold the Company and any brokerage firm selling such Shares harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum your Tax Withholding Obligation, the Company agrees to pay such excess in cash to will be deposited into the Granteesecurities account established with the brokerage service provider for the settlement of your Vested Performance Units. The Grantee acknowledges Such Shares will be sold through the broker at market prices; however the price you receive will reflect a weighted average sales price based on the sales price of Shares on behalf of you and others for whom the designated broker may be selling shares on the relevant day(s), and you acknowledge that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum your Tax Withholding Obligation. Accordingly, the Grantee agrees you agree to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares shares described above.. Unless otherwise authorized by the Committee in its sole discretion, the sale of shares will be the primary method used by the Company to satisfy the applicable Tax Withholding Obligation, and accordingly you represent and warrant to the Company as follows:

Appears in 4 contracts

Samples: Fairchild Semiconductor International Inc, Fairchild Semiconductor International Inc, Fairchild Semiconductor International Inc

By Sale of Shares. Unless the Grantee determines Corporation permits you to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, and provided that the Grantee’s terms of this clause (ii) do not violate Section 13(k) of the Securities Exchange Act of 1934, as amended, your acceptance of this Award the Restricted Stock constitutes the Grantee’s your instruction and authorization to the Company Corporation (in the exercise of its sole discretion) and any brokerage firm determined acceptable to the Company Corporation or an Affiliate for such purpose to sell on the Grantee’s your behalf a whole number of Shares shares from those Shares issuable unrestricted shares of Stock to be delivered to you upon vesting of the Grantee shares of Restricted Stock as the Company Corporation or an Affiliate determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee You will be responsible for all broker’s brokers’ fees and other costs of sale, and the Grantee agrees you agree to indemnify and hold the Company Corporation and its Affiliates harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company Corporation agrees to pay such excess in cash to the Granteeyou. The Grantee acknowledges You acknowledge that the Company Corporation or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees you agree to pay to the Company Corporation or any Related Entity an Affiliate as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares shares described above.. (iii)

Appears in 3 contracts

Samples: Restricted Stock Agreement (Strategic Education, Inc.), Restricted Stock Agreement (Strategic Education, Inc.), Restricted Stock Agreement (Strategic Education, Inc.)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s Your acceptance of this Award Agreement constitutes the Grantee’s your instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s your behalf a whole number of Shares shares from those Shares issuable to the Grantee you as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) Taxable Date or as soon thereafter as practicable. The Grantee You will be responsible for all broker’s brokers' fees and other costs of sale, which fees and costs may be deducted from the Grantee agrees proceeds of the foregoing sale of Shares, and you agree to indemnify and hold the Company and any brokerage firm selling such Shares harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum your Tax Withholding Obligation, the Company agrees to pay such excess in cash to will be deposited into the Granteesecurities account established with the brokerage service provider for the settlement of your Vested Restricted Stock Units. The Grantee acknowledges Such Shares will be sold through the broker at market prices; however the price you receive will reflect a weighted average sales price based on the sales price of Shares on behalf of you and others for whom the designated broker may be selling shares on the relevant day(s), and you acknowledge that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum your Tax Withholding Obligation. Accordingly, the Grantee agrees you agree to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares shares described above.. UNLESS OTHERWISE AUTHORIZED BY THE COMMITTEE IN ITS SOLE DISCRETION, THE SALE OF SHARES WILL BE THE PRIMARY METHOD USED BY THE COMPANY TO SATISFY THE APPLICABLE TAX WITHHOLDING OBLIGATION, and accordingly you represent and warrant to the Company as follows:

Appears in 3 contracts

Samples: Fairchild Semiconductor International Inc, Fairchild Semiconductor International Inc, Fairchild Semiconductor International Inc

By Sale of Shares. Unless the No later than five (5) business days prior to a Vesting Date, Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction may instruct and authorization to authorize the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity Subsidiary as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described aboveherein.

Appears in 3 contracts

Samples: Performance Stock Units Agreement (Imprimis Pharmaceuticals, Inc.), Performance Stock Units Agreement (Imprimis Pharmaceuticals, Inc.), Performance Stock Units Agreement (Imprimis Pharmaceuticals, Inc.)

By Sale of Shares. Unless the Grantee determines (or is required) to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iiiii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s brokers’ fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity Affiliate as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Viavi Solutions Inc.), Restricted Stock Unit Award Agreement (Viavi Solutions Inc.)

By Sale of Shares. Unless the Grantee determines chooses to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iiiii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to withhold or sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax the tax Withholding Obligation arises (e.g., a vesting dateVesting Date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company and its subsidiaries and affiliates harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the GranteeGrantee through payroll or otherwise as soon as practicable. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity of its subsidiaries or affiliates as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 2 contracts

Samples: Performance Stock Units Agreement (Davita Healthcare Partners Inc.), Restricted Stock Units Agreement (Davita Healthcare Partners Inc.)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to to, upon the exercise of Company’s sole discretion, sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day following the date on which such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement, Restricted Stock Unit Agreement (Sourcefire Inc)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to to, upon the exercise of Company’s sole discretion, sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Restoration Hardware Holdings Inc), 2010 Stock Incentive Plan (Veeco Instruments Inc)

By Sale of Shares. Unless the Grantee Participant determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s Participant's acceptance of this Award the Stock awarded constitutes the Grantee’s Participant's instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s Participant's behalf a whole number of Shares shares from those Shares shares of Stock issuable to the Grantee Participant as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee Participant will be responsible for all broker’s 's fees and other costs of sale, and the Grantee Participant agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s Participant's minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the GranteeParticipant. The Grantee Participant acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s Participant's minimum Tax Withholding Obligation. Accordingly, the Grantee Participant agrees to pay to the Company or any Related Entity of its Subsidiaries as soon as practicable, including through additional payroll withholding, any amount of the minimum Tax Withholding Obligation that is not satisfied by the sale of Shares shares described above.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Franklin Resources Inc), Restricted Stock Award Agreement (Franklin Resources Inc)

By Sale of Shares. Unless the Grantee Participant determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s Participant's acceptance of this the Award constitutes the Grantee’s Participant's instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s Participant's behalf a whole number of Shares shares from those Shares shares of Stock issuable to the Grantee Participant as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee Participant will be responsible for all broker’s 's fees and other costs of sale, and the Grantee Participant agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s Participant's minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the GranteeParticipant. The Grantee Participant acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s Participant's minimum Tax Withholding Obligation. Accordingly, the Grantee Participant agrees to pay to the Company or any Related Entity of its Subsidiaries as soon as practicable, including through additional payroll withholding, any amount of the minimum Tax Withholding Obligation that is not satisfied by the sale of Shares shares described above.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Franklin Resources Inc), Restricted Stock Unit Award Agreement (Franklin Resources Inc)

By Sale of Shares. Unless the Grantee Participant determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the GranteeParticipant’s acceptance of this Award Agreement constitutes the GranteeParticipant’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the GranteeParticipant’s behalf a whole number of Shares from those Shares issuable to the Grantee Participant as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee Participant will be responsible for all broker’s fees and other costs of sale, and the Grantee Participant agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the GranteeParticipant’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the GranteeParticipant. The Grantee Participant acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the GranteeParticipant’s minimum Tax Withholding Obligation. Accordingly, the Grantee Participant agrees to pay to the Company or any Related Entity Affiliate as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 2 contracts

Samples: Restricted Stock Bonus Award Agreement (Si International Inc), Omnibus Stock Incentive Plan (Si International Inc)

By Sale of Shares. Unless the Grantee determines Corporation permits you to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, and provided that the Grantee’s terms of this clause (ii) do not violate Section 13(k) of the Securities Exchange Act of 1934, as amended, your acceptance of this Award the Restricted Stock constitutes the Grantee’s your instruction and authorization to the Company Corporation (in the exercise of its sole discretion) and any brokerage firm determined acceptable to the Company Corporation or an Affiliate for such purpose to sell on the Grantee’s your behalf a whole number of Shares shares from those Shares issuable unrestricted shares of Stock to be delivered to you upon vesting of the Grantee shares of Restricted Stock as the Company Corporation or an Affiliate determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee You will be responsible for all broker’s brokers’ fees and other costs of sale, and the Grantee agrees you agree to indemnify and hold the Company Corporation and its Affiliates harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company Corporation agrees to pay such excess in cash to the Granteeyou. The Grantee acknowledges You acknowledge that the Company Corporation or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees you agree to pay to the Company Corporation or any Related Entity an Affiliate as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares shares described above.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Strategic Education, Inc.), Restricted Stock Agreement (Strategic Education, Inc.)

By Sale of Shares. Unless the Grantee determines chooses to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iiiii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to withhold or sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax the tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s 's fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company and its subsidiaries and affiliates harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the GranteeGrantee through payroll or otherwise as soon as practicable. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity of its subsidiaries or affiliates as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 2 contracts

Samples: Performance Stock Units Agreement (Davita Inc.), Restricted Stock Units Agreement (Davita Inc.)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose Connetics or Broker to sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company Connetics determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter after that day as practicable. The Grantee agrees to execute and deliver any documents, instruments, or certificates that Connetics or the Broker may require in connection with the sale of Shares pursuant to this Section. The Grantee will be responsible for all brokerBroker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company Connetics harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such the excess amount in cash to the Grantee. The Grantee acknowledges that the Company Connetics or its designee is under no obligation to arrange for such sale to sell any Shares at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company Connetics or any Related Entity its Parent or Subsidiary as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 2 contracts

Samples: Restricted Stock Purchase Agreement (Connetics Corp), Restricted Stock Purchase Agreement (Connetics Corp)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the The Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company Company, and any brokerage firm determined acceptable to the Company for such purpose this purpose, to sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding ObligationObligation (a “Tax Obligation Sale”). Such These Shares will be sold on the day such the Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of salerelated to a Tax Obligation Sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such saleTax Obligation Sale. To the extent the proceeds of such sale a Tax Obligation Sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such the excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale a Tax Obligation Sale at any particular price, and that the proceeds of any such sale Tax Obligation Sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by a Tax Obligation Sale. The Company or a Related Entity also may satisfy any Tax Withholding Obligation by offsetting any amounts (including, but not limited to, salary, bonus and severance payments) payable to the sale Grantee by the Company and/or a Related Entity. Furthermore, in the event of Shares described aboveany determination that the Company has failed to withhold a sum sufficient to pay all withholding taxes due in connection with the Award, the Grantee agrees to pay the Company the amount of the deficiency in cash within five (5) days after receiving a written demand from the Company to do so, whether or not the Grantee is an employee of the Company at that time.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Athenex, Inc.)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s 's acceptance of this Award constitutes the Grantee’s 's instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s 's behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting Vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s 's fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s Xxxxxxx's minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s 's minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 1 contract

Samples: Restricted Stock Bonus Award Agreement (Teamstaff Inc)

By Sale of Shares. Unless the Grantee determines chooses to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iiiii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to withhold or sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax the tax Withholding Obligation arises (e.g., a vesting dateVesting Date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company and its subsidiaries and affiliates harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the GranteeGrantee through payroll or otherwise as soon as practicable. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity of its subsidiaries or affiliates as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Davita Healthcare Partners Inc.)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity Parent or Subsidiary of the Company as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Symyx Technologies Inc)

By Sale of Shares. Unless the Grantee determines chooses to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iiiii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to withhold or sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax the tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company and its subsidiaries and affiliates harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the GranteeGrantee through payroll or otherwise as soon as practicable. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity of its subsidiaries or affiliates as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Davita Inc.)

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By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s Your acceptance of this Award Agreement constitutes the Grantee’s your instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s your behalf a whole number of Shares shares from those Shares issuable to the Grantee you as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation, and to transfer the proceeds from the sale of such Shares from your securities account established with the brokerage service provider for the settlement of your Vested Performance Units to any account held in the name of the Company. Such Shares shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) Taxable Date or as soon thereafter as practicable. The Grantee You will be responsible for all broker’s brokers’ fees and other costs of sale, which fees and costs may be deducted from the Grantee agrees proceeds of the foregoing sale of Shares, and you agree to indemnify and hold the Company and any brokerage firm selling such Shares harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum your Tax Withholding Obligation, the Company agrees to pay such excess in cash to will be deposited into the Granteesecurities account established with the brokerage service provider for the settlement of your Vested Performance Units. The Grantee acknowledges Such Shares will be sold through the broker at market prices; however the price you receive will reflect a weighted average sales price based on the sales price of Shares on behalf of you and others for whom the designated broker may be selling shares on the relevant day(s), and you acknowledge that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum your Tax Withholding Obligation. Accordingly, the Grantee agrees you agree to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares shares described above. Unless otherwise authorized by the Administrator in its sole discretion, the sale of shares will be the primary method used by the Company to satisfy the applicable Tax Withholding Obligation, and accordingly you represent and warrant to the Company as follows: A. You are accepting this Agreement during a permitted trading period, and at the time of accepting this Agreement you are not aware of any Material Nonpublic Information (as defined in the Company’s Corporate Legal Xxxxxxx Xxxxxxx and Tipping Policy) concerning the Company.

Appears in 1 contract

Samples: Fairchild Semiconductor International Inc

By Sale of Shares. Unless the Grantee Participant determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s Participant's acceptance of this Award the Stock awarded constitutes the Grantee’s Participant's instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s Participant's behalf a whole number of Shares shares from those Shares shares of Stock issuable to the Grantee Participant as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares shares will be sold on the day such Tax Withholding Obligation arises (e.g.E.G., a vesting date) or as soon thereafter as practicable. The Grantee Participant will be responsible for all broker’s 's fees and other costs of sale, and the Grantee Participant agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s Participant's minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the GranteeParticipant. The Grantee Participant acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s Participant's minimum Tax Withholding Obligation. Accordingly, the Grantee Participant agrees to pay to the Company or any Related Entity of its Subsidiaries as soon as practicable, including through additional payroll withholding, any amount of the minimum Tax Withholding Obligation that is not satisfied by the sale of Shares shares described above.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Franklin Resources Inc)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s Your acceptance of this Award Agreement constitutes the Grantee’s your instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s your behalf a whole number of Shares shares from those Shares issuable to the Grantee you as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) Taxable Date or as soon thereafter as practicable. The Grantee You will be responsible for all broker’s brokers’ fees and other costs of sale, which fees and costs may be deducted from the Grantee agrees proceeds of the foregoing sale of Shares, and you agree to indemnify and hold the Company and any brokerage firm selling such Shares harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum your Tax Withholding Obligation, the Company agrees to pay such excess in cash to will be deposited into the Granteesecurities account established with the brokerage service provider for the settlement of your Vested Units. The Grantee acknowledges Such Shares will be sold through the broker at market prices; however the price you receive will reflect a weighted average sales price based on the sales price of Shares on behalf of you and others for whom the designated broker may be selling shares on the relevant day(s), and you acknowledge that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum your Tax Withholding Obligation. Accordingly, the Grantee agrees you agree to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares shares described above.. Unless otherwise authorized by the Committee in its sole discretion, the sale of shares will be the primary method used by the Company to satisfy the applicable Tax Withholding Obligation, and accordingly you represent and warrant to the Company as follows:

Appears in 1 contract

Samples: Fairchild Semiconductor International Inc

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s 's acceptance of this Award constitutes the Grantee’s 's instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s 's behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s brokers' fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s Xxxxxxx's minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s 's minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Quantum Fuel Systems Technologies Worldwide, Inc.)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to to, upon the exercise of Company’s sole discretion, sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicablepracticable thereafter. The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the GranteeXxxxxxx’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Rh)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s Your acceptance of this Award Agreement constitutes the Grantee’s your instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s your behalf a whole number of Shares shares from those Shares issuable to the Grantee you as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation, and to transfer the proceeds from the sale of such Shares from your securities account established with the brokerage service provider for the settlement of your Vested Performance Units to any account held in the name of the Company. Such Shares shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) Taxable Date or as soon thereafter as practicable. The Grantee You will be responsible for all broker’s brokers’ fees and other costs of sale, which fees and costs may be deducted from the Grantee agrees proceeds of the foregoing sale of Shares, and you agree to indemnify and hold the Company and any brokerage firm selling such Shares harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum your Tax Withholding Obligation, the Company agrees to pay such excess in cash to will be deposited into the Granteesecurities account established with the brokerage service provider for the settlement of your Vested Performance Units. The Grantee acknowledges Such Shares will be sold through the broker at market prices; however the price you receive will reflect a weighted average sales price based on the sales price of Shares on behalf of you and others for whom the designated broker may be selling shares on the relevant day(s), and you acknowledge that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum your Tax Withholding Obligation. Accordingly, the Grantee agrees you agree to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares shares described above.. Unless otherwise authorized by the Administrator in its sole discretion, the sale of shares will be the primary method used by the Company to satisfy the applicable Tax Withholding Obligation, and accordingly you represent and warrant to the Company as follows:

Appears in 1 contract

Samples: Fairchild Semiconductor International Inc

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s Your acceptance of this Award Agreement constitutes the Grantee’s your instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s your behalf a whole number of Shares shares from those Shares issuable to the Grantee you as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation, and to transfer the proceeds from the sale of such Shares from your securities account established with the brokerage service provider for the settlement of your Vested Performance Units to any account held in the name of the Company. Such Shares shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) Taxable Date or as soon thereafter as practicable. The Grantee You will be responsible for all broker’s brokers’ fees and other costs of sale, which fees and costs may be deducted from the Grantee agrees proceeds of the foregoing sale of Shares, and you agree to indemnify and hold the Company and any brokerage firm selling such Shares harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum your Tax Withholding Obligation, the Company agrees to pay such excess in cash to will be deposited into the Granteesecurities account established with the brokerage service provider for the settlement of your Vested Performance Units. The Grantee acknowledges Such Shares will be sold through the broker at market prices; however the price you receive will reflect a weighted average sales price based on the sales price of Shares on behalf of you and others for whom the designated broker may be selling shares on the relevant day(s), and you acknowledge that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum your Tax Withholding Obligation. Accordingly, the Grantee agrees you agree to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.Tax

Appears in 1 contract

Samples: Award Agreement (Fairchild Semiconductor International Inc)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization of the Grantee to the Company Grantor and any brokerage firm determined acceptable to the Company Grantor for such purpose to sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company Grantor determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding ObligationObligation of the Grantee, the Company Grantor agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company Grantor or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s applicable minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity Grantor as soon as practicable, including through additional payroll withholding, practicable any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 1 contract

Samples: Letter Agreement (China Zenix Auto International LTD)

By Sale of Shares. Unless the Grantee determines (or is required) to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iiiii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity Affiliate as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 1 contract

Samples: Award Agreement (Viavi Solutions Inc.)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction Executive may instruct and authorization to authorize the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the GranteeExecutive’s behalf a whole number of Shares from those Shares issuable transferable to the Grantee Executive as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee Executive will be responsible for all broker’s fees and other costs of sale, and the Grantee Executive agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the GranteeExecutive’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the GranteeExecutive. The Grantee Executive acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the GranteeExecutive’s minimum Tax Withholding Obligation. Accordingly, the Grantee Executive agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Softbank Group Corp)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s behalf behalf, in accordance with the provisions of Rule 144 promulgated under the Securities Act, a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

Appears in 1 contract

Samples: Restricted Stock Bonus Award Agreement (Arch Therapeutics, Inc.)

By Sale of Shares. Unless the Grantee determines to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s Your acceptance of this Award Agreement constitutes the Grantee’s your instruction and authorization to the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s your behalf a whole number of Shares shares from those Shares issuable to the Grantee you as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation, and to transfer the proceeds from the sale of such Shares from your securities account established with the brokerage service provider for the settlement of your Earned Units to any account held in the name of the Company. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) Taxable Date or as soon thereafter as practicable. The Grantee You will be responsible for all broker’s brokers’ fees and other costs of sale, which fees and costs may be deducted from the Grantee agrees proceeds of the foregoing sale of Shares, and you agree to indemnify and hold the Company and any brokerage firm selling such Shares harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s minimum your Tax Withholding Obligation, the Company agrees to pay such excess in cash to will be deposited into the Granteesecurities account established with the brokerage service provider for the settlement of your Earned Units. The Grantee acknowledges Such Shares will be sold through the broker at market prices; however the price you receive will reflect a weighted average sales price based on the sales price of Shares on behalf of you and others for whom the designated broker may be selling shares on the relevant day(s), and you acknowledge that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum your Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described aboveWithholding.

Appears in 1 contract

Samples: Agreement (Fairchild Semiconductor International Inc)

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