Common use of Stock Withholding Clause in Contracts

Stock Withholding. With respect to withholding required upon any taxable event arising as a result of Performance Share Units granted hereunder, the Company, unless notified otherwise by the Participant in writing within thirty (30) days prior to the taxable event, will satisfy the tax withholding requirement by withholding Shares having a Fair Market Value equal to the total minimum statutory tax required to be withheld on the transaction. The Participant agrees to pay to the Company, its Affiliates and/or its Subsidiaries any amount of tax that the Company, its Affiliates and/or its Subsidiaries may be required to withhold as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described.

Appears in 6 contracts

Samples: Performance Share Unit Award Agreement (Union Electric Co), Performance Share Unit Award Agreement (Union Electric Co), Award Agreement (Union Electric Co)

AutoNDA by SimpleDocs

Stock Withholding. With respect to withholding required upon any taxable event arising as a result of the Performance Share Units Stock Bonus granted or Shares transferred hereunder, the Company, unless otherwise notified otherwise by the Participant in writing within thirty (30) days prior to the such taxable event, will satisfy the tax withholding requirement by withholding Shares having a Fair Market Value equal to the total minimum statutory tax amount required to be withheld on the transactionto satisfy federal, state, and local withholding requirements. The Participant agrees to pay to the Company, its Affiliates Affiliates, and/or its Subsidiaries any amount of tax that the Company, its Affiliates Affiliates, and/or its Subsidiaries may be required to withhold as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described.

Appears in 2 contracts

Samples: Performance Stock Bonus Award Agreement (Union Electric Co), Award Agreement (Ameren Energy Generating Co)

Stock Withholding. With respect to withholding required upon any taxable event arising as a result of Performance Share Units Shares granted hereunder, the Company, unless notified otherwise by the Participant in writing within thirty (30) days prior to the taxable event, will have the right to satisfy the tax withholding requirement by withholding Shares shares of Stock having a Fair Market Value equal to the total minimum statutory tax required to be withheld on the transaction. The Participant agrees to pay to the Company, its Affiliates Affiliates, and/or its Subsidiaries any amount of tax that the Company, its Affiliates Affiliates, and/or its Subsidiaries may be required to withhold as a result of the Participant’s participation in the Plan that canare not be satisfied by the means previously described.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (Neenah Inc), Performance Share Unit Award Agreement (Neenah Inc)

Stock Withholding. With respect to withholding required upon any taxable event arising as a result of Performance Share Units granted hereunder, the Company, unless notified otherwise by the Participant in writing within thirty (30) days prior to the taxable event, will satisfy the tax withholding requirement by withholding Shares having a Fair Market Value equal to the total minimum statutory tax required to be withheld on the transaction. The Participant agrees to pay to the Company, its Affiliates Affiliates, and/or its Subsidiaries any amount of tax that the Company, its Affiliates Affiliates, and/or its Subsidiaries may be required to withhold as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (Ameren Corp), Performance Share Unit (Ameren Corp)

Stock Withholding. With respect to withholding required upon any taxable event arising as a result of Performance Share Units Shares granted hereunder, the Company, unless notified otherwise by the Participant in writing within thirty (30) days prior to the taxable event, will have the right to satisfy the tax withholding requirement by withholding Shares having a Fair Market Value equal to the total minimum statutory tax required to be withheld on the transaction. The Participant agrees to pay to the Company, its Affiliates Affiliates, and/or its Subsidiaries any amount of tax that the Company, its Affiliates Affiliates, and/or its Subsidiaries may be required to withhold as a result of the Participant’s participation in the Plan that canare not be satisfied by the means previously described.

Appears in 1 contract

Samples: Share Award Agreement (Neenah Paper Inc)

AutoNDA by SimpleDocs

Stock Withholding. With respect to withholding required upon any taxable event arising as a result of Performance Share Units granted hereunder, the Company, unless notified otherwise by the Participant in writing within thirty (30) days prior to the taxable event, will satisfy the tax withholding requirement by withholding Shares having a Fair Market Value or, in the case of dividends payable after December 31, 2008, cash equal to the total minimum statutory tax required to be withheld on the transaction. The Participant agrees to pay to the Company, its Affiliates Affiliates, and/or its Subsidiaries any amount of tax that the Company, its Affiliates Affiliates, and/or its Subsidiaries may be required to withhold as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described.

Appears in 1 contract

Samples: Performance Share Unit (Amerenenergy Generating Co)

Stock Withholding. With respect to withholding required upon any taxable event arising as a result of Performance Share Restricted Stock Units granted hereunder, the Company, unless notified otherwise by the Participant in writing within thirty (30) days prior to the taxable event, will satisfy the tax withholding requirement by withholding Shares having a Fair Market Value equal to the total minimum statutory tax required to be withheld on the transaction. The Participant agrees to pay to the Company, Company or its Affiliates and/or its Subsidiaries subsidiaries any amount of tax that the Company, Company or its Affiliates and/or its Subsidiaries subsidiaries may be required to withhold as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Schawk Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.