Common use of Shares of Clause in Contracts

Shares of. Common Stock subject to a Unit that has vested may be withheld by the Company if required to satisfy applicable tax withholding obligations of the Company. In such case, shares of Common Stock net of such withholding will be distributed to you, unless you pay the tax withholding in cash. If the Company does not have a tax withholding obligation, then no shares of Common Stock will be withheld, and instead the Company will issue to you a Form 1099-MISC or other applicable tax report for the year in which the shares of Common Stock are delivered to you.

Appears in 5 contracts

Samples: Deferred Stock Award Agreement (Travelers Companies, Inc.), Deferred Stock Award Agreement (Travelers Companies, Inc.), Deferred Stock Award Agreement (Travelers Companies, Inc.)

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Shares of. Common Stock subject to a Unit that has vested may be withheld by the Company if required to satisfy applicable tax withholding obligations of the Company. In such case, shares of Common Stock net of such withholding will be distributed to you, unless you pay the tax withholding in cash. If the Company does not have a tax withholding obligation, then no shares of Common Stock will be withheld, and instead the Company will issue to you a Form 1099-MISC or other applicable tax report for the year in which the shares of Common Stock are delivered to youUnit has vested.

Appears in 1 contract

Samples: Deferred Stock Award Agreement (Travelers Companies, Inc.)

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Shares of. Common Stock subject to a Unit that has vested is distributed may be withheld by the Company if required to satisfy applicable tax withholding obligations of the Company. In such case, shares of Common Stock net of such withholding will be distributed to you, unless you pay the tax withholding in cash. If the Company does not have a tax withholding obligation, then no shares of Common Stock will be withheld, and instead the Company will issue to you a Form 1099-MISC or other applicable tax report for the year in which the shares of Common Stock are delivered to youUnit was distributed.

Appears in 1 contract

Samples: Restricted Common Stock Unit Award (Bill Barrett Corp)

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