Common use of Federal Tax Election Clause in Contracts

Federal Tax Election. Participant agrees to notify Bancorp promptly if Participant makes an election under Internal Revenue Code Section 83(b) with respect to the Award Shares. Participant has consulted with his or her tax advisers to the extent necessary to determine whether such an election would be appropriate for Participant in light of his or her personal circumstances and financial situation.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (West Coast Bancorp /New/Or/), Restricted Stock Performance Award Agreement (West Coast Bancorp /New/Or/), Restricted Stock Award Agreement (West Coast Bancorp /New/Or/)

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