Grantee’s Agreement Sample Clauses

Grantee’s Agreement. Grantee expressly and specifically agrees that: (a) The grant of the options is special incentive compensation which shall not be taken into account as "wages" or "salary" in determining the amount of payment or benefit to the Grantee under any pension, thrift, stock or deferred compensation plan of the Company or any affiliate, as the case may be; and (b) On behalf of the Grantee's beneficiary, such grant shall not affect the amount of any life insurance coverage available to such beneficiary under any life insurance plan covering employees of the Company or any affiliate.

Grantee’s Agreement. Grantee expressly and specifically agrees that: (a) With respect to the calendar year in which options are exercised, the Grantee shall include in his gross income for federal income tax purposes the amount, if any, by which the fair market value of the Common Stock on the date of exercise as determined in Section 6.7(b) of the Plan exceeds the Option Price; (b) The grant of the options is special incentive compensation which shall not be taken into account as "wages" or "salary" in determining the amount of payment or benefit to the Grantee under any pension, thrift, stock or deferred compensation plan of the Company, as the case may be; and (c) On behalf of the Grantee's beneficiary, such grant shall not affect the amount of any life insurance coverage available to such beneficiary under any life insurance plan covering employees of the Company or any subsidiary.

Grantee’s Agreement. Grantee expressly and specifically agrees that: (a) With respect to the calendar year in which such phantom performance shares are vested Grantee shall include in his gross income for federal income tax purposes the fair market value of the phantom performance shares. (b) The grant of the phantom performance shares is special incentive compensation which will not be taken into account as “wages” or salary” in determining the amount of payment or benefit to Grantee under any pension, thrift, stock, or deferred compensation plan of the Company. (c) In behalf of Grantee’s beneficiary, such grant shall not affect the amount of any life insurance coverage available to such beneficiary under any life insurance plan covering employees of the Company or any subsidiary. (d) The Company may withhold any federal, state, or local tax liability owed as a result of the performance shares vesting.

Grantee’s Agreement. Grantee expressly and specifically agrees that: (a) With respect to the calendar year in which any of the performance shares vest, Grantee will include in his or her gross income for federal, state and local income tax purposes the fair market value of the performance shares that vested. (b) The grant of performance shares is special incentive compensation that will not be taken into account as “wages” or “salary” in determining the amount of payment or benefit to Grantee under any other compensation or insurance plan of the Company. (c) The Company may hold the certificate for unvested performance shares until the performance shares vest or the performance shares may be uncertificated shares issued in the name of the Grantee and held in a restricted account by the Company’s transfer agent. (d) Grantee may pay to the Company any federal, state or local tax withholding owed as a result of the performance shares vesting with shares of Common Stock owned by Grantee on the date of vesting or with the shares of unrestricted Common Stock acquired upon vesting (the shares of Common Stock being valued at fair market value on the date of vesting).

Grantee’s Agreement. Grantee expressly and specifically agrees that: (a) With respect to the calendar year in which all or a portion of the option is exercised, Grantee will include in his or her gross income for federal, state and local income tax purposes the amount, if any, by which the fair market value of the Common Stock on the date of exercise, as determined pursuant to the Plan, exceeds the exercise price times the number of shares acquired pursuant to such exercise; and (b) The grant of this option is special incentive compensation that will not be taken into account as “wages” or “salary” in determining the amount of payment or benefit to Grantee under any other compensation or insurance plan of the Company.

Grantee’s Agreement. Grantee expressly and specifically agrees that, with respect to the calendar year in which such shares are granted, Grantee shall include in his gross income for federal income tax purposes the fair market value of the shares.

Grantee’s Agreement. Grantee expressly and specifically agrees that: (a) With respect to the calendar year in which such performance shares are vested, Grantee shall include in his gross income for federal income tax purposes the fair market value of the performance shares upon the vesting of the performance shares. (b) The grant of options is special incentive compensation which will not be taken into account as "wages" or "salary" in determining the amount of payment or benefit to Grantee under any pension, thrift, stock, or deferred compensation plan of the Company.

Grantee’s Agreement. Grantee expressly and specifically agrees that with respect to the calendar year in which such options are exercised, Grantee shall include in his gross income for federal income tax purposes the amount, if any, by which the fair market value of the stock on the date of exercise as determined in Section 6.7(b) of the Plan exceeds the option price.

Grantee’s Agreement. Grantee expressly and specifically agrees that Grantee shall include in his gross income for federal income tax purposes the fair market value of the performance shares on the date of grant, which price per share is ______.

Grantee’s Agreement. Grantee expressly and specifically agrees that: (a) With respect to the calendar year in which any of the restricted shares vest, Grantee will include in his or her gross income for federal, state and local income tax purposes the fair market value of the restricted shares that vested. (b) The grant of restricted shares is special incentive compensation that will not be taken into account as “wages” or “salary” in determining the amount of payment or benefit to Grantee under any other compensation or insurance plan of the Company, including without limitation the Third Amended and Restated XTO Energy Inc. Management Group Employee Severance Protection Plan (as the same may be amended from time to time or any successor thereto, the “Management Plan”) and the Third Amended and Restated XTO Energy Inc. Employee Severance Protection Plan (as the same may be amended from time to time or any successor thereto, the “Employee Plan”). (c) The Company may hold the certificate for unvested restricted shares until the restricted shares vest or the restricted shares may be uncertificated shares issued in the name of the Grantee and held in a restricted account by the Company’s transfer agent. As contemplated and permitted by the provisions of Section 4.04 of the Management Plan and Section 4.02 of the Employee Plan as such plans are currently in effect, the unvested restricted shares granted herein, and all other Awards (as defined in the Plan) previously granted by the Company to Grantee under the Plan, are subject to adjustment as and to the extent provided in Sections 5(f) and 19 of the Plan in the sole discretion of the Committee, subject only to the restrictions on the Committee’s discretion specifically set forth in this Agreement and prior Award agreements. (d) Grantee may pay to the Company any federal, state or local tax withholding owed as a result of the restricted shares vesting with shares of Common Stock owned by Grantee on the date of vesting or with the shares of unrestricted Common Stock acquired upon vesting (the shares of Common Stock being valued at fair market value on the date of vesting).