Common use of Mandatory Tax Withholding Clause in Contracts

Mandatory Tax Withholding. Unless otherwise determined by the Committee, at the time of settlement the Company will withhold from any shares deliverable in settlement of the Units, in accordance with Section 11(d) of the Plan, the number of shares having a value nearest to, but not exceeding, the amount of income taxes, employment taxes or other withholding amounts required to be withheld under applicable local laws and regulations, and pay the amount of such withholding taxes in cash to the appropriate taxing authorities. Employee will be responsible for any taxes relating to the Units not satisfied by means of such mandatory withholding.

Mandatory Tax Withholding. Unless otherwise determined by the Committee, at the time of settlement the Company will withhold from any shares Shares deliverable in settlement of the Unitsto Employee, in accordance with Section 11(d) of the Plan, the number of shares having a value nearest to, but not exceeding, the amount of income taxes, employment taxes or other withholding amounts required to be withheld under applicable local laws and regulations, and pay the amount of such withholding taxes in cash to the appropriate taxing authorities. Employee will be responsible for any taxes relating to the Units Restricted Stock not satisfied by means of such mandatory withholding.

Mandatory Tax Withholding. Unless otherwise determined by the Committee, at the time of settlement the Company will withhold from any shares deliverable in settlement of the Units, in accordance with Section 11(d11(d)(i) of the Plan, the number of shares having a value nearest to, but not exceeding, the amount of income taxes, and employment taxes or other withholding amounts required to be withheld under applicable local laws and regulations, and pay the amount of such withholding taxes in cash to the appropriate taxing authorities. Employee will be responsible for any withholding taxes relating to the Units not satisfied by means of such mandatory withholdingwithholding and for all taxes in excess of such withholding taxes that may be due upon vesting or settlement of Units.

Mandatory Tax Withholding. Unless otherwise determined by the Committee, at the time of settlement the Company will withhold from any shares deliverable in settlement of the Units, in accordance with Section 11(d11(d)(i) of the Plan, the number of shares having a value nearest to, but not exceeding, the amount of income taxes, and employment taxes or other withholding amounts required to be withheld under applicable local laws and regulations, and pay the amount of such withholding taxes in cash to the appropriate taxing authorities. Employee Director will be responsible for any withholding taxes relating to the Units not satisfied by means of such mandatory withholdingwithholding and for all taxes in excess of such withholding taxes that may be due upon vesting or settlement of Units.

Mandatory Tax Withholding. Unless otherwise determined by the Committee, at the time of settlement the Company will withhold from any shares deliverable in settlement of the Units, in accordance with Section 11(d10(d) of the Plan, the number of shares having a value nearest to, but not exceeding, the amount of income taxes, and employment taxes or other withholding amounts required to be withheld under applicable local laws and regulations, and pay the amount of such withholding taxes in cash to the appropriate taxing authorities. Employee will be responsible for any withholding taxes relating to the Units not satisfied by means of such mandatory withholding.