Common use of Stock Withholding to Satisfy Withholding Tax Obligations Clause in Contracts

Stock Withholding to Satisfy Withholding Tax Obligations. In the event the Company allows Participant to satisfy his or her tax withholding obligations as provided in section (a)(iii) or (iv) above, such satisfaction must comply with the requirements of this section (b) and all applicable laws. All elections by Participant to have shares withheld to satisfy tax withholding obligations shall be made in writing in a form acceptable to the Company and shall be subject to the following restrictions: (i) the election must be made on or prior to the applicable Tax Date (as defined in section (c) below); (ii) once made, the election shall be irrevocable as to the particular shares to which the election is made; and (iii) all elections shall be subject to the consent or disapproval of the Committee.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Irwin Financial Corp), Restricted Stock Agreement (Irwin Financial Corp)

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Stock Withholding to Satisfy Withholding Tax Obligations. In the event the Company allows Participant to satisfy his or her tax withholding obligations as provided in section (a)(iii) or (iv) above, such satisfaction must comply with the requirements of this section (b) and all applicable laws. All elections by Participant to have shares withheld to satisfy tax withholding obligations shall be made in writing in a form acceptable to the Company and shall be subject to the following restrictions: (i) the election must be made on or prior to the applicable Tax Date (as defined in section (c) below); (ii) once made, the election shall be irrevocable as to the particular shares to which the election is made; and (iii) all elections shall be subject to the consent or disapproval of the Committee.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Irwin Financial Corp), Restricted Stock Unit Agreement (Irwin Financial Corp)

Stock Withholding to Satisfy Withholding Tax Obligations. In the event the Company allows Participant to satisfy his or her tax withholding obligations as provided in section (a)(iiia) (iii) or (iv) above, such satisfaction must comply with the requirements of this section (b) and all applicable laws. All elections by Participant to have shares withheld to satisfy tax withholding obligations shall be made in writing in a form acceptable to the Company and shall be subject to the following restrictions: (i) the election must be made on or prior to the applicable Tax Date (as defined in section (c) below); (ii) once made, the election shall be irrevocable as to the particular shares to which the election is made; and (iii) all elections shall be subject to the consent or disapproval of the Committee.

Appears in 1 contract

Samples: Restricted Stock Agreement (Irwin Financial Corp)

Stock Withholding to Satisfy Withholding Tax Obligations. In the event the Company allows Participant to satisfy his or her tax withholding obligations as provided in section (a)(iiiSection 9(a)(iii) or (iv) above, such satisfaction must comply with the requirements of this section Section (b9)(b) and all applicable laws. All elections by Participant to have shares withheld to satisfy tax withholding obligations shall be made in writing in a form acceptable to the Company and shall be subject to the following restrictions: (i) the election must be made on or prior to the applicable Tax Date (as defined in section (cSection 9(c) below); (ii) once made, the election shall be irrevocable as to the particular shares of the Option as to which the election is made; and (iii) all elections shall be subject to the consent or disapproval of the Committee.

Appears in 1 contract

Samples: Stock Option Agreement (Irwin Financial Corp)

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Stock Withholding to Satisfy Withholding Tax Obligations. In the event the Company allows Participant to satisfy his or her tax withholding obligations as provided in section (a)(iiiSection 9(a)(iii) or (iv) above, such satisfaction must comply with the requirements of this section Section (b9)(b) and all applicable laws. All elections by Participant to have shares withheld to satisfy tax withholding obligations shall be made in writing in a form acceptable to the Company and shall be subject to the following restrictions: : (i) the election must be made on or prior to the applicable Tax Date (as defined in section (cSection 9(c) below); ; (ii) once made, the election shall be irrevocable as to the particular shares of the Option as to which the election is made; and and (iii) all elections shall be subject to the consent or disapproval of the Committee.

Appears in 1 contract

Samples: Stock Option Agreement (Irwin Financial Corp)

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