Common use of No Obligation to Notify or Minimize Taxes Clause in Contracts

No Obligation to Notify or Minimize Taxes. The Company will have no duty or obligation to any Participant to advise such holder as to the time or manner of exercising an Award. Furthermore, the Company will have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Award or a possible period in which the Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award.

Appears in 2 contracts

Samples: Merger Agreement (Trailblazer Merger Corp I), Agreement and Plan of Merger (Amergent Hospitality Group, Inc)

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No Obligation to Notify or Minimize Taxes. The Company will shall have no duty or obligation to any Participant Holder to advise such holder Holder as to the time or manner of exercising an any Award. Furthermore, the Company will shall have no duty or obligation to warn or otherwise advise such holder Holder of a pending termination or expiration of an Award or a possible period in which the Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Awardany person.

Appears in 2 contracts

Samples: Merger Agreement (BYTE Acquisition Corp.), Business Combination Agreement (HH&L Acquisition Co.)

No Obligation to Notify or Minimize Taxes. The Company will have no duty or obligation to any Participant to advise such holder as to the tax treatment or time or manner of exercising an such Stock Award. Furthermore, the Company will have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Award or a possible period in which the Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Entasis Therapeutics Holdings Inc.)

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No Obligation to Notify or Minimize Taxes. The Company will have no duty or obligation to any Participant to advise such holder as to the time or manner of exercising an such Stock Award. Furthermore, the Company will have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Award or a possible period in which the Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Mobileiron, Inc.)

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