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 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 Grantee to remit to the Corporation, an amount sufficient to satisfy federal, state, and local taxes (including the Grantee’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.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Rexnord Corp)

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Government and Other Regulations. The obligation to sell and deliver shares of Common Stock stock under the 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 Grantee to remit to the Corporation, an amount sufficient to satisfy federal, state, and local taxes (including the Grantee’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.

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 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 Grantee the Participant to remit to the Corporation, an amount sufficient to satisfy federal, state, and local taxes (including the GranteeParticipant’s FICA obligation) required by law to be withheld with respect to any taxable event arising or as a result of these Restricted Stock UnitsUnits and related dividend equivalents.

Appears in 1 contract

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

Government and Other Regulations. The obligation to deliver shares of Common Stock under the Plan 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 Grantee to remit to the Corporation, an amount sufficient to satisfy federal, state, and local taxes (including the Grantee’s FICA obligation) required by law to be withheld with respect to any taxable event arising or as a result of these Restricted Stock UnitsUnits and related dividend equivalents.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Rexnord Corp)

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Government and Other Regulations. The obligation to sell and deliver shares of Common Stock stock under the 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 Grantee to remit to the Corporation, an amount sufficient to satisfy federalFederal, state, and local taxes (including the Grantee’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.

Appears in 1 contract

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

Government and Other Regulations. The obligation to deliver shares of Common Stock under the Plan 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 Grantee to remit to the Corporation, an amount sufficient to satisfy federal, state, and local taxes (including the Grantee’s FICA obligation) required by law to be withheld with respect to any taxable event arising or as a result of these Restricted Stock UnitsUnits and related dividend equivalents.

Appears in 1 contract

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

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