Common use of Settlement of Taxes Clause in Contracts

Settlement of Taxes. Vesting and settlement of the Performance Units shall be subject to the Participant satisfying any applicable federal, state and local tax withholding obligations and non-U.S. tax withholding obligations. The amount of any withholding taxes in respect of the Performance Units shall be satisfied by having the Company withhold from the number of Performance Units payable to the Participant under this Award a number of Shares having a fair market value equal to such required tax withholding obligations. If, for any reason, the Shares that would otherwise be deliverable to the Participant upon settlement of the Performance Units would be insufficient to satisfy the tax withholding obligations, the Company and any of its Subsidiaries are authorized to withhold an amount from the Participant’s wages or other compensation sufficient to fully satisfy the tax withholding obligations. Representation Regarding Material Nonpublic Information By signing below, I represent that, as of the date set forth below, I am not aware of any material, non-public information with respect to First Solar, Inc. or any of its securities. Signature Date

Appears in 2 contracts

Samples: First Solar, Inc., First Solar, Inc.

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Settlement of Taxes. Vesting and settlement of the Performance Units shall be subject to the Participant satisfying any applicable federal, state and local tax withholding obligations and non-U.S. tax withholding obligations. The amount of any withholding taxes in respect of the Performance Units shall be satisfied by having the Company withhold from the number of Performance Units payable to the Participant under this Award a number of Shares having a fair market value equal to such required tax withholding obligations. If, for any reason, the Shares that would otherwise be deliverable to the Participant upon settlement of the Performance Units would be insufficient to satisfy the tax withholding obligations, the Company and any of its Subsidiaries are authorized to withhold an amount from the Participant’s wages or other compensation sufficient to fully satisfy the tax withholding obligations. Representation Regarding Material Nonpublic Information By signing below, I represent that, as of the date set forth below, I am not aware of any material, non-public information with respect to First Solar, Inc. or any of its securities. Signature Date.

Appears in 1 contract

Samples: First Solar, Inc.

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Settlement of Taxes. Vesting and settlement of the Performance Units shall be subject to the Participant satisfying any applicable federal, state and local tax withholding obligations and non-U.S. tax withholding obligations. The amount of any withholding taxes in respect of the Performance Units shall be satisfied by having the Company withhold from the number of Performance Units payable to the Participant under this Award a number of Shares having a fair market value equal to such required tax withholding obligations. If, for any reason, the Shares that would otherwise be deliverable to the Participant upon settlement of the Performance Units would be insufficient to satisfy the tax withholding obligations, the Company and any of its Subsidiaries are authorized to withhold an amount from the Participant’s wages or other compensation sufficient to fully satisfy the tax withholding obligations. Representation Regarding Material Nonpublic Information By signing below, I represent that, as of the date set forth below, I am not aware of any material, non-public information with respect to First Solar, Inc. Solar or any of its securities. Signature Date

Appears in 1 contract

Samples: First Solar, Inc.

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