Consistent Tax Reporting. Employee agrees that by making the election under Section 83(b) of the Code with respect to some or all of the Shares, Employee will be treated as the owner of such Shares as of the Award Date. Employee further agrees that it will report the Cash Payments as taxable compensation income in the year of the Award and that it will treat the Purchased Shares as if those Shares were purchased for the Note.
Appears in 4 contracts
Samples: Restricted Stock Agreement (MCG Capital Corp), Restricted Stock Agreement (MCG Capital Corp), Restricted Stock Agreement (MCG Capital Corp)
Consistent Tax Reporting. Employee agrees that by making the ------------------------ election under Section 83(b) of the Code with respect to some or all of the Shares, Employee will be treated as the owner of such Shares as of the Award Date. Employee further agrees that it will report the Cash Payments as taxable compensation income in the year of the Award and that it will treat the Purchased Shares as if those Shares were purchased for the Note.
Appears in 3 contracts
Samples: Restricted Stock Agreement (MCG Capital Corp), Restricted Stock Agreement (MCG Capital Corp), Restricted Stock Agreement (MCG Capital Corp)
Consistent Tax Reporting. Pursuant to the Original Agreement, Employee agrees agreed that by making the election under Section 83(b) of the Code with respect to some or all of the Shares, Employee will would be treated as the owner of such Shares as of the Award Date. Employee further agrees represents that it will report reported the Cash Payments as taxable compensation income in the year of the Award and that it will treat treated the Purchased Shares as if those Shares were purchased for the Note.
Appears in 3 contracts
Samples: Restricted Stock Agreement (MCG Capital Corp), Restricted Stock Agreement (MCG Capital Corp), Restricted Stock Agreement (MCG Capital Corp)
Consistent Tax Reporting. Employee agrees that by making the ------------------------ election under Section 83(b) of the Code with respect to some or all of the Shares, Employee will be treated as the owner of such Shares as of the Award Date. Employee further agrees that it will report the Cash Payments as taxable compensation income in the year of the Award and that it will treat the Purchased Shares as if those Shares were purchased for the NoteDate.
Appears in 1 contract
Consistent Tax Reporting. Pursuant to the Original Agreement, Employee agrees agreed that by making the election under Section 83(b) of the Code with respect to some or all of the Shares, Employee will would be treated as the owner of such Shares as of the Award Date. Employee further agrees that represents it will report reported the Cash Payments as taxable compensation income in the year of the Award and that it will treat treated the Purchased Shares as if those Shares were purchased for the Note.
Appears in 1 contract