Common use of Tax and Tax Withholding Clause in Contracts

Tax and Tax Withholding. Participant has reviewed with Participant’s own tax and financial advisors the federal, state and local tax consequences of this agreement and receipt of the Plan shares. All vested Plan Shares distributed pursuant to this Agreement shall be subject to applicable federal, state and local withholding for taxes. The Participant expressly acknowledges and agrees to such withholding without regard to whether the Plan Shares may then be sold or otherwise transferred by the Participant. The Participant acknowledges and agrees to the tax withholding provisions which are set forth in the Plan.

Appears in 5 contracts

Samples: Restricted Stock Grant Agreement (BNC Bancorp), Restricted Stock Grant Agreement (BNC Bancorp), Restricted Stock Grant Agreement (BNC Bancorp)

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Tax and Tax Withholding. Participant has reviewed with Participant’s own tax and financial advisors the federal, state and local tax consequences of this agreement Agreement and receipt of the Plan sharesShares. All vested non-forfeitable Plan Shares distributed pursuant to this Agreement shall be subject to applicable federal, state and local withholding for taxes. The Participant expressly acknowledges and agrees to such withholding without regard to whether the Plan Shares may then be sold or otherwise transferred by the Participant. The Participant acknowledges and agrees to the tax withholding provisions which are set forth in the Plan.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (First Community Bancshares Inc /Nv/)

Tax and Tax Withholding. Participant has reviewed with Participant’s own tax and financial advisors the federal, state and local tax consequences of this agreement Agreement and receipt of the Plan sharesShares. All vested Plan Shares distributed pursuant to this Agreement shall be subject to applicable federal, state and local withholding for taxes. The Participant expressly acknowledges and agrees to such withholding without regard to whether the Plan Shares may then be sold or otherwise transferred by the Participant. The Participant acknowledges and agrees to the tax withholding provisions which are set forth in the Plan.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (BNC Bancorp)

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Tax and Tax Withholding. Participant has reviewed with ----------------------- Participant’s 's own tax and financial advisors the federal, state and local tax consequences of this agreement and receipt of the Plan shares. All vested Plan Shares distributed pursuant to this Agreement shall be subject to applicable federal, state and local withholding for taxes. The Participant expressly acknowledges and agrees to such withholding without regard to whether the Plan Shares may then be sold or otherwise transferred by the Participant. The Participant acknowledges and agrees to the tax withholding provisions which are set forth in the Plan.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (BNC Bancorp)

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