Payroll Taxes. Executive shall bear full responsibility for the employee portion of all payroll taxes. Such amounts may be paid, at Executive’s request, by the cancellation of such number of shares of Restricted Stock as may be necessary to fund the payroll tax obligation based on a value equal to the closing stock price of the Company’s stock on the last trading day prior to the date of vesting.
Appears in 8 contracts
Samples: Employment Agreement (Allegiant Travel CO), Employment Agreement (Allegiant Travel CO), Employment Agreement (Allegiant Travel CO)
Payroll Taxes. Executive shall bear full responsibility for the employee portion of all payroll taxes. Such With respect to compensation in the form of restricted stock vesting, such amounts may be paid, at Executive’s request, by the cancellation of such number of shares of Restricted Stock restricted stock as may be necessary to fund the payroll tax obligation based on a value equal to the closing stock price of the Company’s stock on the last trading day prior to the date of vesting.
Appears in 2 contracts
Samples: Employment Agreement (Allegiant Travel CO), Employment Agreement (Allegiant Travel CO)
Payroll Taxes. Executive shall bear full responsibility for the employee portion of all payroll taxes. Such amounts may be paid, at Executive’s request, by the cancellation of such number of shares of Restricted Stock upon vesting as may be necessary to fund the payroll tax obligation based on a value equal to the closing stock price of the Company’s stock on the last trading day prior to the date of vesting.
Appears in 2 contracts
Samples: Employment Agreement (Allegiant Travel CO), Employment Agreement (Allegiant Travel CO)
Payroll Taxes. Executive shall bear full responsibility for the employee portion of all payroll taxes. Such With respect to the vesting of restricted stock, such amounts may be paid, at Executive’s request, by the cancellation of such number of shares of Restricted Stock as may be necessary to fund the payroll tax obligation based on a value equal to the closing stock price of the CompanyAllegiant’s stock on the last trading day prior to the date of vesting.
Appears in 1 contract
Payroll Taxes. Executive shall bear full responsibility for the employee portion of all payroll taxes. Such With respect to the vesting of restricted stock, such amounts may be paid, at Executive’s request, by the cancellation of such number of shares of Restricted Stock as may be necessary to fund the payroll tax obligation based on a value equal to the closing stock price of the Company’s stock on the last trading day prior to the date of vesting.
Appears in 1 contract
Payroll Taxes. Executive shall bear full responsibility for the employee portion of all payroll taxes. Such amounts may be paid, at Executive’s request, by the cancellation of such number of shares of Restricted Stock or shares issued in fulfillment or all or a portion of the Sunseeker Bonus upon vesting as may be necessary to fund the payroll tax obligation based on a value equal to the closing stock price of the Company’s stock on the last trading day prior to the date of vesting.
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