Common use of FICA Taxes Clause in Contracts

FICA Taxes. The Company may debit your Deferral Account for any taxes due with respect to an Incentive Bonus Deferral Subaccount at the time that such taxes are required to be withheld. Generally, FICA (social security and Medicare) taxes will be withheld with respect to an Incentive Bonus Deferral Subaccount at the time of vesting.

Appears in 4 contracts

Samples: Award Agreement (Flex Ltd.), Award Agreement (Flex Ltd.), Award Agreement (Flextronics International Ltd.)

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FICA Taxes. The Company may debit your Deferral Account for any taxes due with respect to an the Incentive Bonus Deferral Subaccount at the time that such taxes are required to be withheld. Generally, FICA (social security and Medicare) taxes will be withheld with respect to an the Incentive Bonus Deferral Subaccount at the time of vesting.

Appears in 1 contract

Samples: Award Agreement (Flextronics International Ltd.)

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