Responsibility for Taxes & Withholding. (a) The Employee acknowledges that the ultimate liability for any and all income tax (including U.S. federal, state and local tax or non-U.S. tax) arising in connection with the grant, vesting and/or settlement of this Award is and remains the Employee’s responsibility. The Employee further acknowledges that the Company (i) makes no representations or undertakings regarding the tax treatment of any aspect of the Award and (ii) does not commit to and is under no obligation to structure any aspect of the Award to reduce or eliminate the Employee’s tax liability or achieve any particular tax result.
Appears in 4 contracts
Samples: Stock Unit Agreement (Pioneer Energy Services Corp), Performance Phantom Stock Unit Agreement (Pioneer Energy Services Corp), Performance Phantom Stock Unit Agreement (Pioneer Energy Services Corp)
