Common use of Ireland Clause in Contracts

Ireland. In a case where the Company or an Affiliate or any other person (the “Relevant Person”) is obliged to (or would suffer a disadvantage if they were not to) account for any tax (in any jurisdiction) by virtue of the receipt of any benefit under this Award Agreement or the Plan (whether in cash or Shares) or for any pay related social insurance contributions that are payable or assessable (which, unless the Committee determines otherwise when this Award was made, shall not include employer’s pay related social insurance contributions in Ireland) (together, the “Tax Liability”), the Participant (or his personal representatives) must either:

Appears in 29 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Cit Group Inc), Performance Share Unit Award Agreement (Cit Group Inc), Performance Based Restricted Stock Unit Award Agreement (Cit Group Inc)

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