Common use of Share Withholding Clause in Contracts

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum legally required tax withholding.

Appears in 24 contracts

Samples: Stock Incentive Plan (EGAIN Corp), 2015 Stock Incentive Plan (Invitae Corp), 2015 Stock Incentive Plan (Invitae Corp)

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Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum maximum legally required tax withholding.

Appears in 22 contracts

Samples: 2020 Stock Incentive Plan (Nikola Corp), 2020 Stock Incentive Plan (Nikola Corp), 2020 Stock Incentive Plan (Vincerx Pharma, Inc.)

Share Withholding. The To the extent that applicable law subjects a Participant to tax withholding obligations, the Committee may permit a such Participant to satisfy all or part of his or her withholding or income tax such obligations by having the Company withhold all or a portion of any Common Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Common Shares that he or she previously acquired. Such Common Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be they are withheld in cashor surrendered. In no event may a Participant have Shares withheld that would otherwise be issued This Section 14.2 shall apply only to him or her in excess of the number necessary to satisfy the minimum legally extent required by applicable tax withholdinglaws.

Appears in 4 contracts

Samples: Equity Incentive Plan (Alimera Sciences Inc), Equity Incentive Plan (Alimera Sciences Inc), Equity Incentive Plan (Alimera Sciences Inc)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her the Participant’s withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she the Participant previously acquired. Such Shares shall be valued at their Fair Market Value fair market value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum legally required maximum applicable tax withholding.

Appears in 3 contracts

Samples: 2024 Omnibus Incentive Plan (I-Mab), 2023 Stock Incentive Plan (Interactive Strength, Inc.), 2022 Stock Incentive Plan (Interactive Strength, Inc.)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her the Participant’s withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she the Participant previously acquired. Such Shares shall be valued at their Fair Market Value fair market value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum maximum legally required tax withholding.

Appears in 3 contracts

Samples: 2024 Stock Incentive Plan (Silvaco Group, Inc.), 2024 Stock Incentive Plan (Silvaco Group, Inc.), 2023 Stock Incentive Plan (Silvaco Group, Inc.)

Share Withholding. The To the extent that applicable law subjects a Participant to tax withholding obligations, the Committee may permit a such Participant to satisfy all or part of his or her withholding or income tax such obligations by having the Company withhold all or a portion of any Common Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Common Shares that he or she previously acquired. Such Common Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be they are withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum legally required tax withholdingsurrendered.

Appears in 3 contracts

Samples: 2016 Equity Incentive Plan (Vanda Pharmaceuticals Inc.), 2007 New Employee Stock Incentive Plan (Blue Coat Systems Inc), 1996a Stock Plan (Selectica Inc)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Common Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Common Shares that he or she previously acquired. Such Common Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum legally required tax withholding.

Appears in 2 contracts

Samples: 1998 Stock Incentive Plan (Affymetrix Inc), 1997 Stock Incentive Plan (Heska Corp)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum legally required tax withholding, except to the extent such additional withholding does not result in adverse accounting treatment to the Company.

Appears in 2 contracts

Samples: 2009 Stock Incentive Plan (Financial Engines, Inc.), 2009 Stock Incentive Plan (Financial Engines, Inc.)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her the Participant’s withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her the Participant or by surrendering all or a portion of any Shares that he or she the Participant previously acquired. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her the Participant in excess of the number necessary to satisfy the minimum maximum legally required tax withholding.

Appears in 2 contracts

Samples: 2021 Stock Incentive Plan (Rockley Photonics Holdings LTD), Business Combination Agreement (SC Health Corp)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Common Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Common Shares that he or she previously acquired. Such Common Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event Any payment of taxes by assigning Common Shares to the Company may a Participant have Shares withheld that would otherwise be issued subject to him or her in excess restrictions, including any restrictions required by rules of the number necessary to satisfy the minimum legally required tax withholdingSecurities and Exchange Commission.

Appears in 2 contracts

Samples: 1997 Stock Incentive Plan (Nanogen Inc), 1998 Long Term Stock Incentive Plan (Zilog Inc)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Common Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Common Shares that he or she previously acquired. Such Common Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be they are withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum legally required tax withholdingsurrendered.

Appears in 2 contracts

Samples: 1999 Stock Incentive Plan (Redback Networks Inc), 2001 Supplemental Plan (Selectica Inc)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her ofthe Participant’s withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum legally required maximum applicable tax withholdingwithholding rate.

Appears in 1 contract

Samples: Inducement Plan (Nikola Corp)

Share Withholding. The To the extent that applicable law subjects a Participant to tax withholding obligations, the Committee may permit a such Participant to satisfy all or part of his or her withholding or income tax such obligations by having the Company Corporation withhold all or a portion of any Common Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Common Shares that he or she previously acquired. Such Common Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be they are withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum legally required tax withholdingsurrendered.

Appears in 1 contract

Samples: 2008 New Employee Equity Incentive Plan (Theravance Inc)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her the Participant’s withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she the Participant previously acquired. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum maximum legally required tax withholding.

Appears in 1 contract

Samples: 2024 Stock Incentive Plan (Sow Good Inc.)

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Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum maximum legally required tax withholding.. 281753960 v1

Appears in 1 contract

Samples: Inducement Award Plan (SITIME Corp)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event Any payment of taxes by assigning Shares to the Company may a Participant have Shares withheld that would otherwise be issued subject to him restrictions, including any restrictions required by rules of any federal or her in excess of the number necessary to satisfy the minimum legally required tax withholdingstate regulatory body or other authority.

Appears in 1 contract

Samples: 1999 Stock Incentive Plan (Iomai Corp)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her the Participant’s withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she the Participant previously acquired. Such Shares shall be valued at their Fair Market Value fair market value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her such Participant in excess of the number necessary to satisfy the minimum legally required maximum applicable tax withholding.

Appears in 1 contract

Samples: Business Combination Agreement (Pathfinder Acquisition Corp)

Share Withholding. The To the extent that applicable law subjects a Participant to tax withholding obligations, the Committee may permit a such Participant to satisfy all or part of his or her withholding or income tax such obligations by having the Company withhold all or a portion of any Common Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Common Shares that he or she previously acquired, in each case having a Fair Market Value equal to the minimum amount required to be withheld. Such Common Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be they are withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum legally required tax withholdingsurrendered.

Appears in 1 contract

Samples: Inducement Equity Incentive Plan (Riverbed Technology, Inc.)

Share Withholding. The Committee may permit To the extent that applicable law subjects a Participant to tax withholding obligations, the Committee shall require that the Participant satisfy all or part of his or her such withholding or income tax obligations by having remitting cash to the Company unless, in the Company’s discretion, the Company decides to withhold all or a portion of any Common Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquiredthe Participant. Such Common Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cashthey are withheld. In no event may a Participant have Shares withheld that would otherwise be issued This Section 15.2 shall apply only to him or her in excess of the number necessary to satisfy the minimum legally extent required by applicable tax withholdinglaws.

Appears in 1 contract

Samples: Omnibus Long Term Incentive Plan (Cal-Maine Foods Inc)

Share Withholding. The To the extent that applicable law subjects a Participant to tax withholding obligations, the Committee may permit a such Participant to satisfy all or part of his or her withholding or income tax such obligations by having the Company withhold all or a portion of any Common Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Common Shares that he or she previously acquired. Such Common Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be they are withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum legally required tax withholdingsurrendered.

Appears in 1 contract

Samples: 2007 Equity Incentive Plan (GlassHouse Technologies Inc)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum maximum legally required tax withholding, as determined by the Company in its discretion.

Appears in 1 contract

Samples: 2025 Restricted Stock Retirement Plan (Farmers & Merchants Bancorp)

Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cashwithheld. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum maximum legally required tax withholding.

Appears in 1 contract

Samples: 2022 Stock Incentive Plan (CENNTRO ELECTRIC GROUP LTD)

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