Tax and National Insurance Contributions. If the Company determines that it is required to account to HM Revenue & Customs for the Tax Liability and any Secondary NIC Liability or to withhold any other tax as a result of the RSUs, you, as a condition to the vesting of the RSUs, shall make arrangements satisfactory to the Company to enable it to satisfy all withholding liabilities. You shall also make arrangements satisfactory to the Company to enable it to satisfy any withholding requirements that may arise in connection with the vesting of the RSUs or disposition of Shares acquired pursuant to the RSUs. As a further condition of the vesting of the RSUs, you may, at the Company’s discretion, be directed to join with the Company, or if and to the extent that there is a change in the law, any of its Subsidiaries or person who is or becomes a Secondary Contributor, in making a Joint Election which has been approved by HM Revenue & Customs, for the transfer of the whole any Secondary NIC Liability. To the extent permitted by law, you hereby agree to indemnify and keep indemnified the Company and its Subsidiaries for any Tax Liability.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Avon Products Inc), Sign on Restricted Stock Unit Award Agreement (Avon Products Inc)
Tax and National Insurance Contributions. If the Company determines that it is required to account to HM Revenue & Customs for the Tax Liability and any Secondary NIC Liability or to withhold any other tax as a result of the RSUs, youthe Grantee, as a condition to the vesting of the RSUs, shall make arrangements satisfactory to the Company to enable it to satisfy all withholding liabilities. You The Grantee shall also make arrangements satisfactory to the Company to enable it to satisfy any withholding requirements that may arise in connection with the vesting of the RSUs or disposition of Shares acquired pursuant to the RSUs. As a further condition of the vesting of the RSUsRSUs under the Plan, you may, the Grantee may at the Company’s discretion, discretion be directed to join with the Company, or if and to the extent that there is a change in the law, any of its Subsidiaries or person who is or becomes a Secondary Contributor, Contributor in making a Joint Election which has been approved by HM Revenue & Customs, for the transfer of the whole any Secondary NIC Liability. To the extent permitted by law, you the Grantee hereby agree agrees to indemnify and keep indemnified the Company and its Subsidiaries for any Tax Liability.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Avon Products Inc), Restricted Stock Unit Award Agreement (Avon Products Inc)
Tax and National Insurance Contributions. If the Company determines that it is required to account to HM Revenue & Customs for the Tax Liability and any Secondary NIC Liability or to withhold any other tax as a result of the RSUsPRSUs, you, as a condition to the vesting of the RSUsPRSUs, shall make arrangements satisfactory to the Company to enable it to satisfy all withholding liabilities. You shall also make arrangements satisfactory to the Company to enable it to satisfy any withholding requirements that may arise in connection with the vesting of the RSUs PRSUs or disposition of Shares acquired pursuant to the RSUsPRSUs. As a further condition of the vesting of the RSUsPRSUs, you may, at the Company’s discretion, be directed to join with the Company, or if and to the extent that there is a change in the law, any of its Subsidiaries or person who is or becomes a Secondary Contributor, in making a Joint Election which has been approved by HM Revenue & Customs, for the transfer of the whole any Secondary NIC Liability. To the extent permitted by law, you hereby agree to indemnify and keep indemnified the Company and its Subsidiaries for any Tax Liability.
Appears in 1 contract
Samples: Performance Contingent Restricted Stock Unit Award Agreement (Avon Products Inc)
Tax and National Insurance Contributions. If the Company determines that it is required to account to HM Revenue & Customs for the Tax Liability and any Secondary NIC Liability or to withhold any other tax as a result of the RSUsPRSUs, youthe Grantee, as a condition to the vesting of the RSUsPRSUs, shall make arrangements satisfactory to the Company to enable it to satisfy all withholding liabilities. You The Grantee shall also make arrangements satisfactory to the Company to enable it to satisfy any withholding requirements that may arise in connection with the vesting of the RSUs or disposition of Shares acquired pursuant to the RSUsPRSUs. As a further condition of the vesting of the RSUsPRSUs under the Plan, you may, the Grantee may at the Company’s discretion, discretion be directed to join with the Company, or if and to the extent that there is a change in the law, any of its Subsidiaries or person who is or becomes a Secondary Contributor, Contributor in making a Joint Election which has been approved by HM Revenue & Customs, for the transfer of the whole any Secondary NIC Liability. To the extent permitted by law, you the Grantee hereby agree agrees to indemnify and keep indemnified the Company and its Subsidiaries for any Tax Liability.
Appears in 1 contract
Samples: Performance Contingent Restricted Stock Unit Award Agreement (Avon Products Inc)