Common use of Income and Employment Tax Withholding Clause in Contracts

Income and Employment Tax Withholding. All required federal, state, city and local income and employment taxes which arise on the lapse of the Period of Restriction shall be satisfied through the (a) withholding of Shares required to be issued under Section 10, or (b) tendering by the Participant to the Company of Shares which are owned by the Participant, as described in Section 15.02 of the Plan. The Fair Market Value of the Shares to be tendered shall be equal to the dollar amount of the Company’s aggregate withholding tax obligations, calculated on the day the Period of Restriction ends.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (Old National Bancorp /In/), Restricted Stock Award Agreement (Old National Bancorp /In/), Restricted Stock Award Agreement (Old National Bancorp /In/)

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Income and Employment Tax Withholding. All required federal, state, city and local income and employment taxes which arise on the lapse of the Period of Restriction shall be satisfied through the (a) withholding of Shares required to be issued under Section 1011, or (b) tendering by the Participant to the Company of Shares which are owned by the Participant, as described in Section 15.02 14.02 of the Plan. The Fair Market Value of the Shares to be tendered shall be equal to the dollar amount of the Company’s aggregate withholding tax obligations, calculated on as of the day prior to the day on which the Period of Restriction ends.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Old National Bancorp /In/), Restricted Stock Award Agreement (Old National Bancorp /In/), Restricted Stock Award Agreement (Old National Bancorp /In/)

Income and Employment Tax Withholding. All required federal, state, city and local income and employment taxes which arise on the lapse of the Period of Restriction shall be satisfied through the (a) withholding of Shares required to be issued under Section 1011, or (b) tendering by the Participant to the Company of Shares which are owned by the Participant, as described in Section 15.02 6.6(a) of the Plan. The Fair Market Value of the Shares to be tendered shall be equal to the dollar amount of the Company’s aggregate withholding tax obligations, calculated on as of the day prior to the day on which the Period of Restriction ends.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Old National Bancorp /In/), Restricted Stock Award Agreement (Old National Bancorp /In/)

Income and Employment Tax Withholding. All required federal, state, city and local income and employment taxes which arise on the lapse of the Period of Restriction shall be satisfied through the (a) withholding of Shares required to be issued under Section 1011, or (b) tendering by the Participant to the Company of Shares which are owned by the Participant, as described in Section 15.02 14.02 of the Plan. The Fair Market Value of the Shares to be tendered shall be equal to the dollar amount of the Company’s 's aggregate withholding tax obligations, calculated on as of the day prior to the day on which the Period of Restriction ends.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Old National Bancorp /In/)

Income and Employment Tax Withholding. All required federal, state, city and local income and employment taxes which arise on the lapse of the Period of Restriction shall be satisfied through the (a) withholding of Shares required to be issued under Section 1011, or (b) tendering by the Participant to the Company of Shares which are owned by the Participant, as described in Section 15.02 of the Plan. The Fair Market Value of the Shares to be tendered shall be equal to the dollar amount of the Company’s aggregate withholding tax obligations, calculated on as of the day prior to the day on which the Period of Restriction ends.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Old National Bancorp /In/)

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Income and Employment Tax Withholding. All required federal, state, city and local income and employment taxes which arise on the lapse of the Period of Restriction shall be satisfied through the (a) withholding of Shares required to be issued under Section 10, or (b) tendering by the Participant to the Company of Shares which are owned by the Participant, as described in Section 15.02 of the Plan. The Fair Market Value of the Shares to be tendered shall be equal to the dollar amount of the Company’s aggregate withholding tax obligations, calculated on as of the day prior to the day on which the Period of Restriction ends.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Old National Bancorp /In/)

Income and Employment Tax Withholding. All required federal, state, city and local income and employment taxes which arise on the lapse of the Period of Restriction shall be satisfied through the (a) withholding of Shares required to be issued under Section 1011, or (b) tendering by the Participant to the Company of Shares which are owned by the Participant, as described in Section 15.02 6.6(a) of the Plan. The Fair Market Value of the Shares to be tendered shall be equal to the dollar amount of the Company’s 's aggregate withholding tax obligations, calculated on as of the day prior to the day on which the Period of Restriction ends.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Old National Bancorp /In/)

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