Common use of By Withholding Shares Clause in Contracts

By Withholding Shares. Unless Participant elects to satisfy the Tax Withholding Obligation by an alternative means in accordance with Paragraph 6(b)(ii), that occurs at the Settlement Date, Participant’s acceptance of this Award constitutes Participant’s instruction and authorization to the Company to withhold on Participant’s behalf the number of Shares from those Shares issuable to Participant as a result of the occurrence of a Settlement Date as the Company determines to be sufficient to satisfy the Tax Withholding Obligation.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (Arcbest Corp /De/), Restricted Stock Unit Award Agreement (Arcbest Corp /De/), Restricted Stock Unit Award Agreement (Arcbest Corp /De/)

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By Withholding Shares. Unless Participant elects to satisfy the Tax Withholding Obligation by an alternative means in accordance with Paragraph 6(b)(ii7(b)(ii), that occurs at the Settlement Date, Participant’s acceptance of this Award constitutes Participant’s instruction and authorization to the Company to withhold on Participant’s behalf the number of Shares from those Shares issuable to Participant as a result of the occurrence of a Settlement Date as the Company determines to be sufficient to satisfy the Tax Withholding Obligation.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Arkansas Best Corp /De/), Restricted Stock Unit Award Agreement (Arkansas Best Corp /De/), Restricted Stock Unit Award Agreement (Arkansas Best Corp /De/)

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By Withholding Shares. Unless Participant elects to satisfy the Tax Withholding Obligation by an alternative means in accordance with Paragraph 6(b)(ii), that occurs at the Settlement Date, Participant’s acceptance of this Award constitutes Participant’s instruction and authorization to the Company to withhold on Participant’s behalf the number of Shares from those Shares issuable to Participant as a result of the occurrence of a Settlement Date as the Company determines to be sufficient to satisfy the Tax Withholding Obligation.. ​

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Arcbest Corp /De/)

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