Common use of Payment of the Employer’s Liability Clause in Contracts

Payment of the Employer’s Liability. 3.1 The Employee hereby authorises the Company and/or the Employer to collect the Employer’s Liability from the Employee at any time after the Chargeable Event: (i) by deduction from salary or any other payment payable to the Employee at any time on or after the date of the Chargeable Event; and/or (ii) directly from the Employee by payment in cash or cleared funds; and/or (iii) by arranging, on behalf of the Employee, for the sale of some of the securities which the Employee is entitled to receive in respect of the Awards; and/or (iv) by any other means specified in the applicable award agreement. 3.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities related to the Awards to the Employee until full payment of the Employer’s Liability is received. 3.3 The Company agrees to procure the remittance by the Employer of the Employer’s Liability to HM Revenue & Customs on behalf of the Employee within 14 days after the end of the UK tax month during which the Chargeable Event occurs (or within 17 days after the end of the UK tax month during which the Chargeable Event occurs if payments are made electronically).

Appears in 2 contracts

Samples: Stock Option Agreement, Stock Option Agreement (Apptio Inc)

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Payment of the Employer’s Liability. 3.1 The Employee hereby authorises the Company and/or the Employer to collect the Employer’s Liability from the Employee at any time after the Chargeable Event: (i) by deduction from salary or any other payment payable to the Employee at any time on or after the date of the Chargeable Event; and/or (ii) directly from the Employee by payment in cash or cleared funds; and/or (iii) by arranging, on behalf of the Employee, for the sale of some of the securities which the Employee is entitled to receive in respect of the Awardsrestricted stock units; and/or (iv) by any other means specified in the applicable award agreement. 3.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities related to the Awards restricted stock units to the Employee until full payment of the Employer’s Liability is received. 3.3 The Company agrees to procure the remittance by the Employer of the Employer’s Liability to HM Revenue & Customs on behalf of the Employee within 14 days after the end of the UK tax month during which the Chargeable Event occurs (or within 17 days after the end of the UK tax month during which the Chargeable Event occurs if payments are made electronically).

Appears in 2 contracts

Samples: Global Restricted Stock Unit Issuance Agreement, Global Restricted Stock Unit Issuance Agreement (Sandisk Corp)

Payment of the Employer’s Liability. 3.1 4.1 The Employee hereby authorises the Company and/or the Employer to collect the Employer’s Liability from the Employee at any time after the Chargeable Event: (i) by deduction from salary or any other payment payable to the Employee at any time on or after the date of the Chargeable Event; and/or (ii) directly from the Employee by payment in cash or cleared funds; and/or (iii) by arranging, on behalf of the Employee, for the sale of some of the securities which the Employee is entitled to receive in respect of the AwardsOption; and/or (iv) by any other means specified in the applicable award agreementOption Agreement. 3.2 4.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities related to in respect of the Awards Option to the Employee until full payment of the Employer’s Liability is received. 3.3 4.3 The Company agrees to procure the remittance by the Employer of the Employer’s Liability to HM Revenue & and Customs on behalf of the Employee within 14 days after the end of the UK tax month during which the Chargeable Event occurs (or within 17 days after the end of the UK tax month during which the Chargeable Event occurs occurs, if payments are made electronically).

Appears in 1 contract

Samples: Global Option Agreement (Akcea Therapeutics, Inc.)

Payment of the Employer’s Liability. 3.1 The Employee Holder hereby authorises the Company and/or the Employer to collect the Employer’s Liability from the Employee Holder at any time after the Chargeable Event: (ia) by deduction from salary or any other payment payable to the Employee Holder at any time on or after the date of the Chargeable Event; and/or (iib) directly from the Employee Holder by payment in cash or cleared funds; and/or (iiic) by arranging, on behalf of the EmployeeHolder, for the sale of some of the securities which the Employee Holder is entitled to receive in respect of the Awards; , and/or (ivd) by any other means specified in the applicable award agreementAward agreement entered into between the Holder and the Company. 3.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities related to the Holder in respect of the Awards to the Employee until full payment of the Employer’s Liability is received. 3.3 The Company agrees to procure the remittance by the Employer of the Employer’s Liability to HM Revenue & Customs HMRC on behalf of the Employee Holder within 14 days after the end of the UK tax month during which the Chargeable Event occurs (or within 17 days after the end of the UK tax month during which the Chargeable Event occurs if payments are made electronically).

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Weatherford International LTD)

Payment of the Employer’s Liability. 3.1 The Employee hereby authorises the Company and/or the Employer to collect the Employer’s Liability from the Employee at any time after the Chargeable Event: (i) by deduction from salary or any other payment payable to the Employee at any time on or after the date of the Chargeable Event; and/or (ii) directly from the Employee by payment in cash or cleared funds; and/or (iii) by arranging, on behalf of the Employee, for the sale of some of the securities which the Employee is entitled to receive in respect of the Awardsstock options; and/or (iv) by any other means specified in the applicable award agreement. 3.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities related to the Awards stock options to the Employee until full payment of the Employer’s Liability is received. 3.3 The Company agrees to procure the remittance by the Employer of the Employer’s Liability to HM Revenue & Customs on behalf of the Employee within 14 days after the end of the UK tax month during which the Chargeable Event occurs (or within 17 days after the end of the UK tax month during which the Chargeable Event occurs if payments are made electronically).

Appears in 1 contract

Samples: Global Stock Option Agreement (Sandisk Corp)

Payment of the Employer’s Liability. 3.1 The Employee Holder hereby authorises the Company and/or the Employer to collect the Employer’s Liability from the Employee Holder at any time after the Chargeable Event: (ia) by deduction from salary or any other payment payable to the Employee Holder at any time on or after the date of the Chargeable Event; and/or and/or (iib) directly from the Employee Holder by payment in cash or cleared funds; and/or and/or (iiic) by arranging, on behalf of the EmployeeHolder, for the sale of some of the securities which the Employee Holder is entitled to receive in respect of the Awards; and/or , and/or (ivd) by any other means specified in the applicable award agreementAward agreement entered into between the Holder and the Company. 3.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities related to the Holder in respect of the Awards to the Employee until full payment of the Employer’s Liability is received. 3.3 The Company agrees to procure the remittance by the Employer of the Employer’s Liability to HM Revenue & Customs HMRC on behalf of the Employee Holder within 14 days after the end of the UK tax month during which the Chargeable Event occurs (or within 17 days after the end of the UK tax month during which the Chargeable Event occurs if payments are made electronically).

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement

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Payment of the Employer’s Liability. 3.1 4.1 The Employee hereby authorises the Company and/or the Employer to collect the Employer’s Liability from the Employee at any time after the Chargeable Taxable Event: (i) by deduction from salary or any other payment payable to the Employee at any time on or after the date of the Chargeable Taxable Event; and/or (ii) directly from the Employee by payment in cash or cleared funds; and/or (iii) by arranging, on behalf of the Employee, for the sale of some of the securities which the Employee is entitled to receive in respect of the AwardsOptions; and/or (iv) by any other means specified in the applicable award agreementStock Option Award Agreement. 3.2 4.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities related to in respect of the Awards Options to the Employee until full payment of the Employer’s Liability is received. 3.3 4.3 The Company agrees to procure the remittance by the Employer of the Employer’s Liability to HM Revenue & and Customs on behalf of the Employee within 14 days after the end of the UK tax month during which the Chargeable Taxable Event occurs (or within 17 days after the end of the UK tax month during which the Chargeable Taxable Event occurs occurs, if payments are made electronically).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (WHITEWAVE FOODS Co)

Payment of the Employer’s Liability. 3.1 The Employee hereby authorises the Company and/or the Employer to collect the Employer’s Liability from the Employee at any time after the Chargeable Event: (i) by deduction from salary or any other payment payable to the Employee at any time on or after the date of the Chargeable Event; and/or (ii) directly from the Employee by payment in cash or cleared funds; and/or (iii) by arranging, on behalf of the Employee, for the sale of some of the securities which the Employee is entitled to receive in respect of the Awards; and/or (iv) by any other means specified in the applicable award agreement. 3.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities related to the Awards to the Employee in respect of the Awards until full payment of the Employer’s Liability is received. 3.3 The Company agrees to procure the remittance by the Employer of the Employer’s Liability to HM Revenue & Customs on behalf of the Employee within 14 days after the end of the UK tax month during which the Chargeable Event occurs (or within 17 days after the end of the UK tax month during which the Chargeable Event occurs occurs, if payments are made electronically).

Appears in 1 contract

Samples: Global Restricted Stock Unit Agreement (Box Inc)

Payment of the Employer’s Liability. 3.1 The Employee hereby authorises the Company and/or the Employer to collect the Employer’s Liability from the Employee at any time after the Chargeable Event: (i) by deduction from salary or any other payment payable to the Employee at any time on or after the date of the Chargeable Event; and/or (ii) directly from the Employee by payment in cash or cleared funds; and/or (iii) by arranging, on behalf of the Employee, for the sale of some of the securities which the Employee is entitled to receive in respect of the Awards; and/or (iv) by any other means specified in the applicable award agreementAward Agreement. 3.2 The Company hereby reserves for itself and the Employer Company the right to withhold the transfer of any securities related to the Awards to the Employee in respect of the Awards until full payment of the Employer’s Liability is received. 3.3 The Company agrees to procure the remittance by the Employer of the Employer’s Liability to HM Revenue & Customs on behalf of the Employee within 14 days after the end of the UK tax month during which the Chargeable Event occurs (or within 17 days after the end of the UK tax month during which the Chargeable Event occurs if payments are made electronically).

Appears in 1 contract

Samples: Global Restricted Stock Unit Award Agreement (Splunk Inc)

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