Common use of No Guarantees Regarding Tax Treatment Clause in Contracts

No Guarantees Regarding Tax Treatment. This Award Agreement is intended to comply with or be exempt from the requirements of Section 409A of the Code and shall be construed consistently therewith. In any event, the Participant (or his beneficiaries) shall be responsible for all taxes with respect to the Restricted Stock. The Committee and the Company make no guarantees regarding the tax treatment of the Restricted Stock. Neither the Committee nor the Company has any obligation to take any action to prevent the assessment of any tax under Section 409A of the Code, Section 4999 of the Code or otherwise and none of the Company, any Subsidiary or Affiliate, or any of their employees or representatives shall have any liability to a Participant with respect thereto. * * *

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Party City Holdco Inc.), Restricted Stock Award Agreement (Party City Holdco Inc.)

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No Guarantees Regarding Tax Treatment. This Award Agreement is intended to comply with or be exempt from the requirements of Section 409A of the Code and shall be construed consistently therewith. In any event, the Participant (or his beneficiaries) shall be responsible for all taxes with respect to the Restricted StockRSUs. The Committee and the Company make no guarantees regarding the tax treatment of the Restricted StockRSUs. Neither the Committee nor the Company has any obligation to take any action to prevent the assessment of any tax under Section 409A of the Code, Section 4999 of the Code or otherwise and none of the Company, any Subsidiary or Affiliate, or any of their employees or representatives shall have any liability to a Participant with respect thereto. * * *

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Party City Holdco Inc.), Restricted Stock Unit Award Agreement (Party City Holdco Inc.)

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