Common use of Payment of Taxes Upon Settlement Clause in Contracts

Payment of Taxes Upon Settlement. As a condition of the delivery of the Settlement Amount, the Participant agrees that the Company shall withhold a sufficient number of shares of Stock from the Settlement Amount any taxes required to be withheld by the Company under Federal, State or local law as a result of the settlement of the RSUs in an amount sufficient to satisfy the minimum amount of taxes that is required to be withheld. To the extent permitted under the Plan, the Committee may allow for additional withholding of taxes.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Conagra Brands Inc.), Restricted Stock Unit Agreement (Conagra Brands Inc.), Restricted Stock Unit Agreement (Conagra Brands Inc.)

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