Payment of the Employer’s Liability. 3.1 The Employee hereby authorises the Company and/or the Employer to collect the Employer’s Liability in respect of any Relevant Employment Income from the Employee at any time after the Chargeable Event: (a) 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 (b) directly from the Employee by payment in cash or cleared funds; and/or (c) 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, the proceeds from which must be delivered to the Employer in sufficient time for payment to be made to Her Majesty’s Revenue & Customs (“HMRC”) by the due date; and/or (d) by any other means specified in the applicable Restricted Stock Unit agreement entered into between the Employee and the Company. 3.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities 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 HMRC 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 Award Agreement (Palo Alto Networks Inc), Global Restricted Stock Unit Award Agreement (Palo Alto Networks Inc)
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 in respect of any Relevant Employment Income from the Employee at any time after the Chargeable Taxable Event:
(ai) 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
(bii) directly from the Employee by payment in cash or cleared funds; and/or
(ciii) 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, the proceeds from which must be delivered to the Employer in sufficient time for payment to be made to Her Majesty’s Revenue & Customs (“HMRC”) by the due dateRestricted Stock Units; and/or
(div) by any other means specified in the applicable Restricted Stock Unit agreement entered into between the Employee and the CompanyAward Agreement.
3.2 4.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities to the Employee in respect of the Awards Restricted Stock Units 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 HMRC 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 2 contracts
Samples: Restricted Stock Unit Award Agreement (WHITEWAVE FOODS Co), Restricted Stock Unit Agreement (Aerohive Networks, Inc)
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 in respect of any Relevant Employment Income from the Employee at any time after the Chargeable Taxable Event:
(ai) 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
(bii) directly from the Employee by payment in cash or cleared funds; and/or
(ciii) 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, the proceeds from which must be delivered to the Employer in sufficient time for payment to be made to Her Majesty’s Revenue & Customs (“HMRC”) by the due dateRSUs; and/or
(div) by any other means specified in the applicable Restricted Stock Unit agreement entered into between the Employee and the CompanyAward Agreement.
3.2 4.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities to the Employee in respect of the Awards RSUs 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 HMRC 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 2 contracts
Samples: Restricted Stock Unit Award Agreement (Cerence Inc.), Restricted Stock Unit Award Agreement (Cerence Inc.)
Payment of the Employer’s Liability. 3.1 1.1 The Employee hereby authorises the Company and/or the Employer to collect the Employer’s Liability in respect of any Relevant Employment Income from the Employee at any time after the Chargeable Event:
(a) 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
(b) directly from the Employee by payment in cash or cleared funds; and/or
(c) 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, the proceeds from which must be delivered to the Employer in sufficient time for payment to be made to Her Majesty’s Revenue & Customs (“HMRC”) by the due date; and/or
(d) by any other means specified in the applicable Restricted Stock Unit agreement entered into between the Employee and the Company.
3.2 1.1 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities to the Employee in respect of the Awards until full payment of the Employer’s Liability is received.
3.3 1.2 The Company agrees to procure the remittance by the Employer of the Employer’s Liability to HMRC 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 (Guidewire Software, Inc.)
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 in respect of any Relevant Employment Income from the Employee at any time after the Chargeable Taxable Event:
(ai) 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
(bii) directly from the Employee by payment in cash or cleared funds; and/or
(ciii) by arranging, on behalf of the Employee, for the sale of some of the securities which the Employee is entitled to receive in respect upon exercise of the Awards, options and/or vesting of the proceeds from which must be delivered to the Employer in sufficient time for payment to be made to Her Majesty’s Revenue & Customs (“HMRC”) by the due daterestricted stock units; and/or
(div) by through any other means specified method as set forth in the applicable Restricted Stock Unit award agreement entered into between the Employee and the Company.
3.2 4.2 The Company Employer hereby reserves for itself and the Employer Company the right to withhold the transfer of any securities to the Employee in respect of the Awards until full payment of the Employer’s Liability is received.
3.3 4.3 The Company Employer agrees to procure the remittance by the Employer of remit the Employer’s Liability to HMRC Her Majesty’s Revenue and Customs (“HMRC”) 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 Event occurs if payments are made electronically)occurs.
Appears in 1 contract
Samples: Employment Agreement
Payment of the Employer’s Liability. 3.1 4.1 The Employee hereby authorises authorizes the Company and/or the Employer to collect the Employer’s Liability in respect of any Relevant Employment Income from the Employee at any time after the Chargeable Taxable Event:
(ai) 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
(bii) directly from the Employee by payment in cash or cleared funds; and/or
(ciii) 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, the proceeds from which must be delivered to the Employer in sufficient time for payment to be made to Her Majesty’s Revenue & Customs (“HMRC”) by the due dateRestricted Stock Units; and/or
(div) by any other means specified in the applicable Restricted Stock Unit agreement entered into between the Employee and the CompanyGrant Agreement.
3.2 4.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities to the Employee in respect of the Awards Restricted Stock Units 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 HMRC 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: Restricted Stock Unit Agreement (Aerohive Networks, Inc)
Payment of the Employer’s Liability. 3.1 4.1 The Employee hereby authorises authorizes the Company and/or the Employer to collect the Employer’s Liability in respect of any Relevant Employment Income from the Employee at any time after the Chargeable Taxable Event:
(ai) 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
(bii) directly from the Employee by payment in cash or cleared funds; and/or
(ciii) 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, the proceeds from which must be delivered to the Employer in sufficient time for payment to be made to Her Majesty’s Revenue & Customs (“HMRC”) by the due dateRestricted Stock Units; and/or
(div) by any other means specified in the applicable Restricted Stock Unit agreement entered into between the Employee and the CompanyAward Agreement.
3.2 4.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities to the Employee in respect of the Awards Restricted Stock Units 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 HMRC 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: Performance Based Restricted Stock Unit Agreement (Aerohive Networks, Inc)
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 in respect of any Relevant Employment Income from the Employee at any time after the Chargeable Taxable Event:
(ai) 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
(bii) directly from the Employee by payment in cash or cleared funds; and/or
(ciii) 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, the proceeds from which must be delivered to the Employer in sufficient time for payment to be made to Her Majesty’s Revenue & Customs (“HMRC”) by the due dateRSUs; and/or
(div) by any other means specified in the applicable Restricted Stock Unit agreement entered into between the Employee and the CompanyAgreement.
3.2 4.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities to the Employee in respect of the Awards RSUs 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 HMRC 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: Restricted Stock Unit Agreement (Nuance Communications, Inc.)