Payment of the Employer’s Liability. 4.1 The Employee hereby authorises the Employer and/or P&G to collect the Employer’s Liability from the Employee at any time after the 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 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 Options; and/or (iv) through any other method as set forth in the award agreement entered into between the Employee and P&G. 4.2 The Employer hereby reserves for itself and P&G the right to withhold the transfer of any securities to the Employee until full payment of the Employer’s Liability is received. 4.3 The Employer agrees to remit the Employer’s Liability to Her Majesty’s Revenue and Customs (“HMRC”) on behalf of the Employee within 17 days after the end of the UK tax month during which the Taxable Event occurs.
Appears in 3 contracts
Samples: Stock Option Agreement (PROCTER & GAMBLE Co), Stock Option Agreement (PROCTER & GAMBLE Co), Stock Option Agreement (PROCTER & GAMBLE Co)
Payment of the Employer’s Liability. 4.1 The Employee hereby authorises the Company and/or the Employer and/or P&G to collect the Employer’s Liability from the Employee at any time after the 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 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 OptionsRestricted Stock Units; and/or
(iv) through by any other method as set forth means specified in the award agreement entered into between the Employee and P&G.Restricted Stock Unit Award Agreement.
4.2 The Employer Company hereby reserves for itself and P&G the Employer the right to withhold the transfer of any securities in respect of the Restricted Stock Units to the Employee until full payment of the Employer’s Liability is received.
4.3 The Employer Company agrees to remit procure the remittance by the Employer of the Employer’s Liability to Her Majesty’s HM Revenue and Customs (“HMRC”) on behalf of the Employee within 14 days after the end of the UK tax month during which the Taxable Event occurs (or within 17 days after the end of the UK tax month during which the Taxable Event 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. 4.1 The Employee hereby authorises the Company and/or the Employer and/or P&G to collect the Employer’s Liability from the Employee at any time after the 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 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 upon exercise of the Optionsoptions and/or vesting of the restricted stock units; and/or
(iv) through any other method as set forth in the award agreement entered into between the Employee and P&G.the Company.
4.2 The Employer hereby reserves for itself and P&G the Company the right to withhold the transfer of any securities to the Employee until full payment of the Employer’s Liability is received.
4.3 The Employer agrees to remit the Employer’s Liability to Her Majesty’s Revenue and Customs (“HMRC”) on behalf of the Employee within 17 14 days after the end of the UK tax month during which the Taxable Event occurs.
Appears in 1 contract
Samples: Employment Agreement
Payment of the Employer’s Liability. 4.1 3.1 The Employee hereby authorises the Company and/or the Employer and/or P&G to collect the Employer’s Liability from the Employee at any time after the Taxable 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 Taxable 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 pursuant to the Optionsoptions; and/or
(iv) through any other method as set forth in the award agreement applicable Subscription Agreement entered into between the Employee and P&G.the Company.
4.2 3.2 The Employer Company hereby reserves for itself and P&G the Employer the right to withhold the transfer of any securities to the Employee in respect of the options until full payment of the Employer’s Liability is received.
4.3 3.3 The Employer Company agrees to remit the Employer’s Liability to Her Majesty’s Revenue and & Customs (“HMRC”) on behalf of the Employee within 17 14 days after the end of the UK tax month during which the Taxable Chargeable Event occursoccurs (or within 17 days if payments are made electronically).
Appears in 1 contract
Samples: Employee Stock Purchase Agreement (Trimble Navigation LTD /Ca/)