Common use of Payment of Applicable Taxes Clause in Contracts

Payment of Applicable Taxes. No Common Shares shall be delivered to Employee hereunder until any taxes payable by Employee with respect to the Restricted Share Units have been withheld by the Company or paid by Employee. Employee may use Common Shares to pay the Company all or any part of the mandatory federal, state, local, or foreign withholding tax payments due upon payment of the Common Shares. Payment of applicable taxes may be made as follows: (i) in cash, (ii) payment in Common Shares owned by Employee, including those that have been earned under the 2004 Plan, or (iii) by a combination of the methods described above.

Appears in 3 contracts

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

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Payment of Applicable Taxes. No Common Shares shall be delivered to Employee hereunder until any taxes payable by Employee with respect to the Restricted Share Units have been withheld by the Company or paid by Employee. Employee may use Common Shares to pay the Company all or any part of the mandatory federalxxxxxxxxx xxxxxxx, statexxxxx, local, or foreign withholding tax payments due upon payment of the Common Shares. Payment of applicable taxes may be made as follows: (i) in cash, (ii) payment in Common Shares owned by Employee, including those that have been earned under the 2004 Plan, or (iii) by a combination of the methods described above.

Appears in 1 contract

Samples: Award Agreement Restricted Share Unit (Robbins & Myers Inc)

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