Common use of Government and Other Regulations Clause in Contracts

Government and Other Regulations. The obligation to deliver shares of Common Stock under the Plan, and related dividend equivalents, shall be subject to all applicable laws, rules and regulations and the obtaining of all such approvals by governmental agencies as may be deemed necessary or desirable by the Corporation, including (without limitation) the satisfaction of all applicable federal, state and local tax withholding requirements. The Corporation shall have the power and the right to deduct or withhold, or require the Participant to remit to the Corporation, an amount sufficient to satisfy federal, state, and local taxes (including the Participant’s FICA obligation) required by law to be withheld with respect to any taxable event arising or as a result of these Restricted Stock Units and related dividend equivalents.

Appears in 1 contract

Samples: Restricted Stock Unit Election Agreement (Zurn Elkay Water Solutions Corp)

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Government and Other Regulations. The obligation to sell and deliver shares of Common Stock stock under the Plan, and related dividend equivalents, Plan shall be subject to all applicable laws, rules and regulations and the obtaining of all such approvals by governmental agencies as may be deemed necessary or desirable by the Corporation, including (without limitation) the satisfaction of all applicable federal, state and local tax withholding requirements. The Corporation shall have the power and the right to deduct or withhold, or require the Participant Grantee to remit to the Corporation, an amount sufficient to satisfy federalFederal, state, and local taxes (including the ParticipantGrantee’s FICA obligation) required by law to be withheld with respect to any taxable event arising or as a result of this Option or these Restricted Stock Units and related dividend equivalentsUnits.

Appears in 1 contract

Samples: Non Qualified Stock Option and Restricted Stock Unit Agreement (Rexnord Corp)

Government and Other Regulations. The obligation to deliver shares of Common Stock under the Plan, and related dividend equivalents, shall be subject to all applicable laws, rules and regulations and the obtaining of all such approvals by governmental agencies as may be deemed necessary or desirable by the Corporation, including (without limitation) the satisfaction of all applicable federal, state and local tax withholding requirements. The Corporation shall have the power and the right to deduct or withhold, or require the Participant Grantee to remit to the Corporation, an amount sufficient to satisfy federal, state, and local taxes (including the ParticipantGrantee’s FICA obligation) required by law to be withheld with respect to any taxable event arising or as a result of these Restricted Stock Units and related dividend equivalents.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Rexnord Corp)

Government and Other Regulations. The obligation to deliver shares of Common Stock under the Plan, and related dividend equivalents, shall be subject to all applicable laws, rules and regulations and the obtaining of all such approvals by governmental agencies as may be deemed necessary or desirable by the Corporation, including (without limitation) the satisfaction of all applicable federal, state and local tax withholding requirements. The Corporation shall have the power and the right to deduct or withhold, or require the Participant Grantee to remit to the Corporation, an amount sufficient to satisfy federal, state, and local taxes (including the ParticipantGrantee’s FICA obligation) required by law to be withheld with respect to any taxable event arising or as a result of these Restricted Stock Units and related dividend equivalents.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Zurn Elkay Water Solutions Corp)

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Government and Other Regulations. The obligation to sell and deliver shares of Common Stock stock under the Plan, and related dividend equivalents, Plan shall be subject to all applicable laws, rules and regulations and the obtaining of all such approvals by governmental agencies as may be deemed necessary or desirable by the Corporation, including (without limitation) the satisfaction of all applicable federal, state and local tax withholding requirements. The Corporation shall have the power and the right to deduct or withhold, or require the Participant Grantee to remit to the Corporation, an amount sufficient to satisfy federal, state, and local taxes (including the ParticipantGrantee’s FICA obligation) required by law to be withheld with respect to any taxable event arising or as a result of these Restricted Performance Stock Units and related dividend equivalentsUnits.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Rexnord Corp)

Government and Other Regulations. The obligation to deliver shares of Common Stock under the Plan, and related dividend equivalents, Plan shall be subject to all applicable laws, rules and regulations and the obtaining of all such approvals by governmental agencies as may be deemed necessary or desirable by the Corporation, including (without limitation) the satisfaction of all applicable federal, state and local tax withholding requirements. The Corporation shall have the power and the right to deduct or withhold, or require the Participant Grantee to remit to the Corporation, an amount sufficient to satisfy federal, state, and local taxes (including the ParticipantGrantee’s FICA obligation) required by law to be withheld with respect to any taxable event arising or as a result of these Restricted Stock Units and related dividend equivalentsUnits.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Rexnord Corp)

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