Common use of Income Tax and Social Insurance Contribution Withholding Clause in Contracts

Income Tax and Social Insurance Contribution Withholding. The following provisions shall supplement Section 6 of the Award Agreement: Without limitation to Section 6 of the Award Agreement, you hereby agree that you are liable for all Tax-Related Items and hereby consent to pay all such Tax-Related Items, as and when requested by Tyson, your Employer or by the HM Revenue & Customs (“HMRC”) (or any other tax authority or any other relevant authority). You hereby agree to indemnify and keep indemnified Tyson and your Employer against any Tax-Related Items that they are required to pay or withhold on your behalf or have paid or will pay to HMRC (or any other tax authority or any other relevant authority). Notwithstanding the foregoing, if you are a director or executive officer (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will not apply. In the event that you are a director or executive officer and income tax due is not collected from or paid by you within ninety (90) days after the U.K. tax year in which an event giving rise to the indemnification described above occurs, the amount of any uncollected tax may constitute a benefit to you on which additional income tax and national insurance contributions may be payable. You acknowledge that you ultimately will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing Tyson or your Employer (as applicable) for the value of any employee national insurance contributions due on this additional benefit, which Tyson and/or your Employer may recover from you at any time thereafter by any of the means referred to in Section 6 of the Award Agreement.

Appears in 4 contracts

Samples: Restricted Stock Units Award Agreement (Tyson Foods, Inc.), Restricted Stock Units Award Agreement (Tyson Foods, Inc.), Restricted Stock Units Award Agreement (Tyson Foods, Inc.)

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Income Tax and Social Insurance Contribution Withholding. The following provisions shall supplement Section 6 5 of the Award Agreement: Without limitation to Section 6 5 of the Award Agreement, you hereby agree that you are liable for all Tax-Related Items and hereby consent to pay all such Tax-Related Items, as and when requested by TysonXxxxx, your Employer or by the HM Revenue & Customs (“HMRC”) (or any other tax authority or any other relevant authority). You hereby agree to indemnify and keep indemnified Tyson Xxxxx and your Employer against any Tax-Related Items that they are required to pay or withhold on your behalf or have paid or will pay to HMRC (or any other tax authority or any other relevant authority). Notwithstanding the foregoing, if you are a director or executive officer (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will not apply. In the event that you are a director or executive officer and income tax due is not collected from or paid by you within ninety (90) days after the U.K. tax year in which an event giving rise to the indemnification described above occurs, the amount of any uncollected tax may constitute a benefit to you on which additional income tax and national insurance contributions may be payable. You acknowledge that you ultimately will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing Tyson Xxxxx or your Employer (as applicable) for the value of any employee national insurance contributions due on this additional benefit, which Tyson Xxxxx and/or your Employer may recover from you at any time thereafter by any of the means referred to in Section 6 5 of the Award Agreement.

Appears in 2 contracts

Samples: Award (Tyson Foods, Inc.), Award (Tyson Foods, Inc.)

Income Tax and Social Insurance Contribution Withholding. The following provisions provision shall supplement Section 6 9 of the Award Agreement: Without limitation to Section 6 9 of the Award Agreement, you hereby agree that you are liable for all Tax-Related Items and hereby consent covenant to pay all such Tax-Related Items, as and when requested by Tysonthe Company, your the Employer or by the HM Her Majesty’s Revenue & and Customs (“HMRC”) (or any other tax authority or any other relevant authority). You hereby also agree to indemnify and keep indemnified Tyson the Company and your the Employer against any Tax-Related Items that they are required to pay or withhold on your behalf or have paid or will pay on your behalf to HMRC (or any other tax authority or any other relevant authority). –Rev 12. 2021 Notwithstanding the foregoing, you understand that if you are a director or executive officer (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will may not apply. In the event that you are a director or executive officer and income tax due is not collected from or paid by you within ninety (90) 90 days after the U.K. UK tax year in which an event giving rise to the indemnification described above occurs, the amount of any uncollected tax may constitute a benefit to you on which additional income tax and national insurance contributions may be payable. You acknowledge that you ultimately will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing Tyson the Company or your the Employer (as applicable) for the value of any employee national insurance contributions due on this additional benefit, which Tyson the Company and/or your the Employer may recover from you at any time thereafter by any of the means referred to in Section 6 9 of the Award Agreement.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Boston Scientific Corp)

Income Tax and Social Insurance Contribution Withholding. The following provisions provision shall supplement Section 6 9 of the Award Agreement: Without limitation to Section 6 9 of the Award Agreement, you hereby agree that you are liable for all Tax-Related Items and hereby consent covenant to pay all such Tax-Related Items, as and when requested by Tysonthe Company, your the Employer or by the HM Revenue & and Customs (“HMRC”) (or any other tax authority or any other relevant authority). You hereby also agree to indemnify and keep indemnified Tyson the Company and your the Employer against any Tax-Related Items that they are required to pay or withhold on your behalf or have paid or will pay on your behalf to HMRC (or any other tax authority or any other relevant authority). –Rev 12. 2022 Notwithstanding the foregoing, you understand that if you are a director or executive officer (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will may not apply. In the event that you are a director or executive officer and income tax due is not collected from or paid by you within ninety (90) 90 days after the U.K. UK tax year in which an event giving rise to the indemnification described above occurs, the amount of any uncollected tax may constitute a benefit to you on which additional income tax and national insurance contributions may be payable. You acknowledge that you ultimately will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing Tyson the Company or your the Employer (as applicable) for the value of any employee national insurance contributions due on this additional benefit, which Tyson the Company and/or your the Employer may recover from you at any time thereafter by any of the means referred to in Section 6 9 of the Award Agreement.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Boston Scientific Corp)

Income Tax and Social Insurance Contribution Withholding. The following provisions provision shall supplement Section 6 13 of the Award Agreement: Without limitation to Section 6 13 of the Award Agreement, you hereby agree that you are liable for all Tax-Related Items and hereby consent covenant to pay all such Tax-Related Items, as and when requested by Tysonthe Company, your the Employer or by the HM Her Majesty’s Revenue & and Customs (“HMRC”) (or any other tax authority or any other relevant authority). You hereby also agree to indemnify and keep indemnified Tyson the Company and your the Employer against any Tax-Related Items that they are required to pay or withhold on your behalf or have paid or will pay on your behalf to HMRC (or any other tax authority or any other relevant authority). –Rev 12.2021 Notwithstanding the foregoing, you understand that if you are a director or executive officer (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will may not apply. In the event that you are a director or executive officer and income tax due is not collected from or paid by you within ninety (90) 90 days after the U.K. UK tax year in which an event giving rise to the indemnification described above occurs, the amount of any uncollected tax may constitute a benefit to you on which additional income tax and national insurance contributions may be payable. You acknowledge that you ultimately will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing Tyson the Company or your the Employer (as applicable) for the value of any employee national insurance contributions due on this additional benefit, which Tyson the Company and/or your the Employer may recover from you at any time thereafter by any of the means referred to in Section 6 13 of the Award Agreement.

Appears in 1 contract

Samples: Global Restricted Stock Unit Award Agreement (Boston Scientific Corp)

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Income Tax and Social Insurance Contribution Withholding. The following provisions provision shall supplement Section 6 9 of the Award Agreement: Without limitation to Section 6 9 of the Award Agreement, you hereby agree that you are liable for all Tax-Related Items and hereby consent covenant to pay all such Tax-Related Items, as and when requested by Tysonthe Company, your the Employer or by the HM Her Majesty’s Revenue & and Customs (“HMRC”) (or any other tax authority or any other relevant authority). You hereby also agree to indemnify and keep indemnified Tyson the Company and your the Employer against any Tax-Related Items that they are required to pay or –Rev 1. 2021 withhold on your behalf or have paid or will pay on your behalf to HMRC (or any other tax authority or any other relevant authority). Notwithstanding the foregoing, you understand that if you are a director or executive officer (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will may not apply. In the event that you are a director or executive officer and income tax due is not collected from or paid by you within ninety (90) 90 days after the U.K. UK tax year in which an event giving rise to the indemnification described above occurs, the amount of any uncollected tax may constitute a benefit to you on which additional income tax and national insurance contributions may be payable. You acknowledge that you ultimately will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing Tyson the Company or your the Employer (as applicable) for the value of any employee national insurance contributions due on this additional benefit, which Tyson the Company and/or your the Employer may recover from you at any time thereafter by any of the means referred to in Section 6 9 of the Award Agreement.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Boston Scientific Corp)

Income Tax and Social Insurance Contribution Withholding. The following provisions provision shall supplement Section 6 9 of the Award Agreement: Without limitation to Section 6 9 of the Award Agreement, you hereby agree that you are liable for all Tax-Related Items and hereby consent covenant to pay all such Tax-Related Items, as and when requested by Tysonthe Company, your the Employer or by the HM Her Majesty’s Revenue & and Customs (“HMRC”) (or any other tax authority or any other relevant authority). You hereby also agree to indemnify and keep indemnified Tyson the Company and your the Employer against any Tax-Related Items that they are required to pay or –Rev 1. 2020 withhold on your behalf or have paid or will pay on your behalf to HMRC (or any other tax authority or any other relevant authority). Notwithstanding the foregoing, you understand that if you are a director or executive officer (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will may not apply. In the event that you are a director or executive officer and income tax due is not collected from or paid by you within ninety (90) 90 days after the U.K. UK tax year in which an event giving rise to the indemnification described above occurs, the amount of any uncollected tax may constitute a benefit to you on which additional income tax and national insurance contributions may be payable. You acknowledge that you ultimately will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing Tyson the Company or your the Employer (as applicable) for the value of any employee national insurance contributions due on this additional benefit, which Tyson the Company and/or your the Employer may recover from you at any time thereafter by any of the means referred to in Section 6 9 of the Award Agreement.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Boston Scientific Corp)

Income Tax and Social Insurance Contribution Withholding. The following provisions provision shall supplement Section 6 paragraph 9 of the Award Agreement: Agreement (as reflected in Appendix A): Without limitation to Section 6 paragraph 9 of the Award Agreement, you hereby agree that you are liable for all Tax-Related Items and hereby consent to pay all such Tax-Related Items, as and when requested by Tysonthe Company, your the Employer or by the HM Revenue & Customs (“HMRC”) (or any other tax authority or any other relevant authority). You hereby agree to indemnify and keep indemnified Tyson the Company and your the Employer against any Tax-Related Items that they are required to pay or withhold on your behalf or have paid or will pay to HMRC (or any other tax authority or any other relevant authority). Notwithstanding the foregoing, if you are a director or executive officer (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will not apply. In the event that you are a director or executive officer and income tax due is not collected from or paid by you within ninety (90) days after the U.K. tax year in which an event giving rise to the indemnification described above occurs, the amount of any uncollected tax may constitute a benefit to you on which additional income tax and national insurance contributions may be payable. You acknowledge that you ultimately will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing Tyson the Company or your the Employer (as applicable) for the value of any employee national insurance contributions due on this additional benefit, which Tyson the Company and/or your the Employer may recover from you at any time thereafter by any of the means referred to in Section 6 paragraph 9 of the Award Agreement.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Hillenbrand, Inc.)

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