Common use of Payment of Applicable Taxes Clause in Contracts

Payment of Applicable Taxes. No Common Shares shall be delivered to Executive hereunder until any taxes payable by Executive with respect to the Common Shares have been withheld by the Company or paid by Executive. Executive may use Common Shares to pay the Company all or any part of the mandatory federal, state or local withholding tax payments. Payment of applicable taxes may be made as follows: (i) in cash, (ii) payment in Common Shares owned by Executive, including those that have been earned under the Plan, or (iii) by a combination of the methods described above.

Appears in 3 contracts

Samples: Award Agreement (Robbins & Myers Inc), Award Agreement Performance Share Award (Robbins & Myers Inc), Award Agreement (Robbins & Myers, Inc.)

AutoNDA by SimpleDocs

Payment of Applicable Taxes. No Common Shares shall be delivered to Executive hereunder until any taxes payable by Executive with respect to the Common Shares have been withheld by the Company or paid by Executive. Executive may use Common Shares to pay the Company all or any part of the mandatory federal, state or local withholding tax payments. Payment of applicable taxes may be made as follows: (i) in cash, (ii) payment in Common Shares owned by Executive, including those that have been earned under the Plan, or (iii) by a combination of the methods described above.

Appears in 3 contracts

Samples: Award Agreement (Robbins & Myers, Inc.), Award Agreement Performance Share (Robbins & Myers Inc), Award Agreement Performance Share Award (Robbins & Myers Inc)

AutoNDA by SimpleDocs

Payment of Applicable Taxes. No Common Shares shall be delivered to Executive hereunder after they have been earned until any taxes payable by Executive with respect to the earning of the Common Shares have been withheld by the Company or paid by Executive. Executive may use Common Shares to pay the Company all or any part of the mandatory federal, state or local withholding tax payments. Payment of applicable taxes may be made as follows: (i) in cash, (ii) payment in Common Shares owned by Executive, including those that have been earned under the Plan, or (iii) by a combination of the methods described above.

Appears in 1 contract

Samples: 2004 Stock Incentive Plan (Robbins & Myers Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.