Common use of Deferred Cash Awards Clause in Contracts

Deferred Cash Awards. To the extent the Company is required to withhold tax in any jurisdiction upon the vesting of a Deferred Cash Award or at such times as otherwise may be required in connection with a Deferred Cash Award, the Company will withhold from the vested portion of the Award to the extent permitted by applicable law, or withhold hypothetical tax pursuant to the Citigroup Expatriate Policy, and Participant will be paid the after-tax amount. If a tax the Company is required to withhold is due prior to vesting or prior to the expiration of a hold-back period and withholding is prohibited by applicable law or regulatory guidance, Participant will be required to pay the amount of the applicable tax due to the Company. The Award will be subject to cancelation if Participant fails to make any such required tax payment.

Appears in 2 contracts

Samples: Dcap Agreement (Citigroup Inc), Dcap Agreement (Citigroup Inc)

AutoNDA by SimpleDocs

Deferred Cash Awards. To the extent the Company is required to withhold tax in any jurisdiction upon the vesting of a Deferred Cash Award or at such times as otherwise may be required in connection with a Deferred Cash Award, the Company will withhold from the vested portion of the Award to the extent permitted by applicable law, or withhold hypothetical tax pursuant to the Citigroup Expatriate Policypolicy, and Participant will be paid the after-tax amount. If a tax the Company is required to withhold is due prior to vesting or prior to the expiration of a hold-back period and withholding is prohibited by applicable law or regulatory guidance, Participant will be required to pay the amount of the applicable tax due to the Company. The Award will be subject to cancelation if Participant fails to make any such required tax payment.

Appears in 1 contract

Samples: Citigroup Inc

Deferred Cash Awards. To the extent the Company is required to withhold tax in any jurisdiction upon the vesting of a the Deferred Cash Award or at such times as otherwise may be required in connection with a the Deferred Cash Award, the Company will withhold from the vested portion of the Award to the extent permitted by applicable law, or withhold hypothetical tax pursuant to the Citigroup Expatriate Policypolicy, and Participant will be paid the after-tax amount. If a tax the Company is required to withhold is due prior to vesting or prior to the expiration of a hold-back period and withholding is prohibited by applicable law or regulatory guidance, Participant will be required to pay the amount of the applicable tax due to the Company. The Deferred Cash Award will be subject to cancelation if Participant fails to make any such required tax payment.

Appears in 1 contract

Samples: Cycle Award Agreement (Citigroup Inc)

Deferred Cash Awards. To the extent the Company is required to withhold tax in any jurisdiction upon the vesting of a Deferred Cash Award or at such times as otherwise may be required in connection with a Deferred Cash Award, the Company will withhold from the vested portion of the Award to the extent permitted by applicable law, or withhold hypothetical tax pursuant to the a Citigroup Expatriate Policypolicy, and Participant will be paid the after-tax amount. If a tax the Company is required to withhold is due prior to vesting or prior to the expiration of a hold-back period and withholding is prohibited by applicable law or regulatory guidance, Participant will be required to pay the amount of the applicable tax due to the Company. The Award will be subject to cancelation if Participant fails to make any such required tax payment.

Appears in 1 contract

Samples: Award Agreement (Citigroup Inc)

AutoNDA by SimpleDocs

Deferred Cash Awards. To the extent the Company is required to withhold tax in any jurisdiction upon the vesting of a Deferred Cash Award or at such times as otherwise may be required in connection with a Deferred Cash Award, the Company will withhold from the vested portion of the Award award to the extent permitted by applicable law, or withhold hypothetical tax pursuant to the a Citigroup Expatriate Policy, and Participant will be paid the after-tax amount. If a tax the Company is required to withhold is due prior to vesting or prior to the expiration of a hold-back period and withholding is prohibited by applicable law or regulatory guidance, Participant will be required to pay the amount of the applicable tax due to the Company. The Award will be subject to cancelation if Participant fails to make any such required tax payment.

Appears in 1 contract

Samples: Dcap Agreement (Citigroup Inc)

Deferred Cash Awards. To the extent the Company is required to withhold tax in any jurisdiction upon the vesting of a Deferred Cash Award or at such times as otherwise may be required in connection with a Deferred Cash Award, the Company will withhold from the vested portion of the Award to the extent permitted by applicable law, or withhold hypothetical tax pursuant to the Citigroup Expatriate Policy, and Participant will be paid the after-tax amount. If a tax the Company is required to withhold is due prior to vesting or prior to the expiration of a hold-back period and withholding is prohibited by applicable law or regulatory guidance, Participant will be required to pay the amount of the applicable tax due to the Company. The Award will be subject to cancelation if Participant fails to make any such required tax paymentpayment in cash.

Appears in 1 contract

Samples: Dcap Agreement (Citigroup Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.