Tax Consequences and Withholding. As a condition precedent to the delivery of Shares in settlement of the Units, the Participant is required to make arrangements acceptable to the Company for payment of any federal, state or local withholding taxes that may be due as a result of the settlement of the Units (“Withholding Taxes”), in accordance with Section 14 of the Plan. Until such time as the Company provides notice to the contrary, it will collect the Withholding Taxes through an automatic Share withholding procedure (the “Share Withholding Method”), unless other arrangements acceptable to the Company have been made. Under such procedure, the Company or its agent will withhold, upon the tax withholding event, a portion of the Shares with a Fair Market Value (measured as of such date) sufficient to cover the amount of such taxes; provided, however, that the number of any Shares so withheld shall not exceed the number necessary to satisfy the Company’s required tax withholding obligations using the applicable minimum statutory withholding rate or such other rate as may be permitted under the Plan up to the maximum rate applicable in your jurisdiction. In the event that the Committee determines that the Share Withholding Method would be problematic under applicable tax or securities laws or would result in materially adverse accounting consequences, you authorize the Company to collect Withholding Taxes through one of the following methods: (a) delivery of the Participant’s authorization to E*TRADE (or another broker designated by the Company or the Participant) to transfer to the Company from the Participant’s account at such broker the amount of such Withholding Taxes; (b) the use of the proceeds from a next-day sale of the Shares issued to the Participant, provided that (i) such sale is permissible under the Company’s trading policies governing its securities, (ii) the Participant makes an irrevocable commitment, on or before a Settlement Date, to effect such sale of the Shares, and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Xxxxxxxx-Xxxxx Act of 2002; or (c) any other method approved by the Company.
Appears in 4 contracts
Samples: Market Share Unit Award Agreement (Fair Isaac Corp), Market Share Unit Agreement (Fair Isaac Corp), Market Share Unit Agreement (Fair Isaac Corp)
Tax Consequences and Withholding. As a condition precedent to the delivery of Shares in settlement of the Units, the Participant is required to make arrangements acceptable to the Company for payment of any federal, state or local withholding taxes that may be due as a result of the settlement of the Units (“Withholding Taxes”), in accordance with Section 14 15 of the Plan. Until such time as the Company provides notice to the contrary, it will collect the Withholding Taxes through an automatic Share withholding procedure (the “Share Withholding Method”), unless other arrangements acceptable to the Company have been made. Under such procedure, the Company or its agent will withhold, upon at the tax withholding eventSettlement Date, a portion of the Shares with a Fair Market Value (measured as of such datethe Settlement Date) sufficient to cover the amount of such taxes; provided, however, that the number of any Shares so withheld shall not exceed the number necessary to satisfy the Company’s required tax withholding obligations using the applicable minimum statutory withholding rate or such other rate as may be permitted under rates for federal, state and local tax purposes that are applicable to supplemental taxable income. The Company will notify the Plan up to the maximum rate applicable Participant in your jurisdiction. In writing in the event that the Committee determines that the Share Withholding Method would be problematic under applicable tax or securities laws or would result is not available, in materially adverse accounting consequences, you authorize which case the Company to collect Withholding Taxes will be collected from the Participant through one of the following methodsalternatives:
(a) delivery of the Participant’s authorization to E*TRADE E*Trade (or another broker designated by the Company or the Participant) to transfer to the Company from the Participant’s account at such broker the amount of such Withholding Taxes;
(b) the use of the proceeds from a next-day sale of the Shares issued to the Participant, provided that (i) such sale is permissible under the Company’s trading policies governing its securities, (ii) the Participant makes an irrevocable commitment, on or before a the Settlement Date, to effect such sale of the Shares, and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Xxxxxxxx-Xxxxx Act of 2002; or
(c) any other method approved by the Company.
Appears in 4 contracts
Samples: Performance Share Unit Agreement (Fair Isaac Corp), Performance Share Unit Agreement (Fair Isaac Corp), Performance Share Unit Agreement (Fair Isaac Corp)
Tax Consequences and Withholding. As a condition precedent to the delivery of Shares in settlement of the Units, the Participant is required to make arrangements acceptable to the Company for payment of any federal, state or local withholding taxes that may be due as a result of the settlement of the Units (“Withholding Taxes”), in accordance with Section 14 15 of the Plan. Until such time as the Company provides notice to the contrary, it will collect the Withholding Taxes through an automatic Share withholding procedure (the “Share Withholding Method”), unless other arrangements acceptable to the Company have been made. Under such procedure, the Company or its agent will withhold, upon the tax withholding eventat each Settlement Date, a portion of the Shares with a Fair Market Value (measured as of such datethe Settlement Date) sufficient to cover the amount of such taxes; provided, however, that the number of any Shares so withheld shall not exceed the number necessary to satisfy the Company’s required tax withholding obligations using the applicable minimum statutory withholding rate or such other rate as may be permitted under rates for federal, state and local tax purposes that are applicable to supplemental taxable income. The Company will notify the Plan up to the maximum rate applicable Participant in your jurisdiction. In writing in the event that the Committee determines that the Share Withholding Method would be problematic under applicable tax or securities laws or would result is not available, in materially adverse accounting consequences, you authorize which case the Company to collect Withholding Taxes will be collected from the Participant through one of the following methodsalternatives:
(a) delivery of the Participant’s authorization to E*TRADE E*Trade (or another broker designated by the Company or the Participant) to transfer to the Company from the Participant’s account at such broker the amount of such Withholding Taxes;
(b) the use of the proceeds from a next-day sale of the Shares issued to the Participant, provided that (i) such sale is permissible under the Company’s trading policies governing its securities, (ii) the Participant makes an irrevocable commitment, on or before a the Settlement Date, to effect such sale of the Shares, and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Xxxxxxxx-Xxxxx Act of 2002; or
(c) any other method approved by the Company.
Appears in 4 contracts
Samples: Market Share Unit Agreement (Fair Isaac Corp), Market Share Unit Agreement (Fair Isaac Corp), Market Share Unit Agreement (Fair Isaac Corp)
Tax Consequences and Withholding. As a condition precedent You acknowledge that, regardless of any action taken by the Company, the ultimate liability for all income tax, social insurance or other tax-related items related to your participation in the Plan and legally applicable to you (the “Tax-Related Items”) is and remains your responsibility and may exceed the amount actually withheld by the Company. You further acknowledge that the Company (a) makes no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award or the Shares acquired pursuant to the delivery of Shares in settlement Award, and (b) does not commit to and is under no obligation to structure the terms of the Unitsgrant or any aspect of the Award to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you are subject to Tax-Related Items in more than one jurisdiction, you acknowledge that the Participant is Company (or your employer, if different) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. Prior to the tax withholding event, you agree to make arrangements acceptable to satisfy all Tax-Related Items. In this regard, you authorize the Company to satisfy any applicable withholding obligation for payment of any federal, state or local withholding taxes that may be due as a result of the settlement of the Units (“Withholding Taxes”), in accordance with Section 14 of the Plan. Until such time as the Company provides notice to the contrary, it will collect the Withholding Taxes Tax-Related Items through an automatic Share withholding procedure (the “Share Withholding Method”), unless other arrangements acceptable to the Company have been made. Under such procedurethe Share Withholding Method, the Company or its agent will withhold, upon the tax withholding event, a portion of the Shares with a Fair Market Value (measured as of such date) sufficient to cover the amount of such taxesTax-Related Items; provided, however, that the number of any Shares so withheld shall not exceed the number necessary to satisfy the Company’s required tax withholding obligations obligation using the applicable minimum statutory withholding rate or such other rate as may be permitted under the Plan up to the maximum rate applicable in your jurisdiction. You will be deemed to have been issued the full number of Shares subject to the vested Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items. In the event that the Committee determines that the Share Withholding Method would be problematic under applicable tax or securities laws or would result in materially adverse accounting consequences, you authorize the Company to collect Withholding Taxes through the Tax-Related Items through, one of the following alternative methods:
(a) delivery of the Participant’s authorization to E*TRADE (or another broker designated by the Company or the Participant) to transfer to the Company from the Participant’s account at such broker the amount of such Withholding Taxes;
(b) the use of the proceeds from a next-day sale of the Shares issued to the Participantyou, provided that (i) such sale is permissible under the Company’s trading policies governing its securities, (ii) the Participant makes you make an irrevocable commitment, on or before a Settlement Date, to effect such sale of the Shares, and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Xxxxxxxx-Xxxxx Act of 2002; or
(b) delivery of your authorization to E*TRADE (or another broker designated by the Company) to transfer to the Company from your account at such broker the amount of such Tax-Related Items;
(c) withholding from your wages or other cash compensation paid to you by the Company; and/or
(d) any other method approved by the CompanyCompany and permitted under applicable law. In the event of any over-withholding, you will have no entitlement to the over-withheld amount in Shares and such amounts will be refunded to you in cash in accordance with applicable law. The Company may refuse to issue or deliver the Shares or the proceeds of the sale of Shares, if you fail to comply with your obligations in connection with the Tax-Related Items.
Appears in 4 contracts
Samples: Executive Restricted Stock Unit Award Agreement (Fair Isaac Corp), Executive Restricted Stock Unit Award Agreement (Fair Isaac Corp), Executive Restricted Stock Unit Award Agreement (Fair Isaac Corp)
Tax Consequences and Withholding. As a condition precedent to the delivery of Shares in settlement of the Units, the Participant is required to make arrangements acceptable to the Company for payment of any federal, state or local withholding taxes that may be due as a result of the settlement of the Units (“Withholding Taxes”), in accordance with Section 14 of the Plan. Until such time as the Company provides notice to the contrary, it will collect the Withholding Taxes through an automatic Share withholding procedure (the “Share Withholding Method”), unless other arrangements acceptable to the Company have been made. Under such procedure, the Company or its agent will withhold, upon the tax withholding event, a portion of the Shares with a Fair Market Value (measured as of such date) sufficient to cover the amount of such taxes; provided, however, that the number of any Shares so withheld shall not exceed the number necessary to satisfy the Company’s required tax withholding obligations using the applicable minimum statutory withholding rate or such other rate as may be permitted under the Plan up to the maximum rate applicable in your jurisdiction. In the event that the Committee determines that the Share Withholding Method would be problematic under applicable tax or securities laws or would result in materially adverse accounting consequences, you authorize the Company to collect Withholding Taxes through one of the following methods:
(a) delivery of the Participant’s authorization to E*TRADE (or another broker designated by the Company or the Participant) to transfer to the Company from the Participant’s account at such broker the amount of such Withholding Taxes;
(b) the use of the proceeds from a next-day sale of the Shares issued to the Participant, provided that (i) such sale is permissible under the Company’s trading policies governing its securities, (ii) the Participant makes an irrevocable commitment, on or before a Settlement Date, to effect such sale of the Shares, and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Xxxxxxxx-Xxxxx Act of 2002; or
(c) any other method approved by the Company.
Appears in 3 contracts
Samples: Performance Share Unit Award Agreement (Fair Isaac Corp), Performance Share Unit Award Agreement (Fair Isaac Corp), Performance Share Unit Award Agreement (Fair Isaac Corp)
Tax Consequences and Withholding. As a condition precedent to the delivery of Shares in settlement of the Units, the Participant is required to make arrangements acceptable to the Company for payment of any federal, state or local withholding taxes that may be due as a result of the issuance of Shares pursuant to the settlement of the Units (“Withholding Taxes”), in accordance with Section 14 15 of the Plan. Until such time as the Company provides notice to the contrary, it will collect the Withholding Taxes through an automatic Share withholding procedure (the “Share Withholding Method”), unless other arrangements acceptable to the Company have been made. Under such procedure, the Company or its agent will withhold, upon at the tax withholding eventSettlement Date, a portion of the Shares with a Fair Market Value (measured as of such datethe Settlement Date) sufficient to cover the amount of such taxes; provided, however, that the number of any Shares so withheld shall not exceed the number necessary to satisfy the Company’s required tax withholding obligations using the applicable minimum statutory withholding rate or such other rate as may be permitted under rates for federal, state and local tax purposes that are applicable to supplemental taxable income. The Company will notify the Plan up to the maximum rate applicable Participant in your jurisdiction. In writing in the event that the Committee determines that the Share Withholding Method would be problematic under applicable tax or securities laws or would result is not available, in materially adverse accounting consequences, you authorize which case the Company to collect Withholding Taxes will be collected from the Participant through one of the following methodsalternatives:
(a) delivery of the Participant’s authorization to E*TRADE E*Trade (or another broker designated by the Company or the Participant) to transfer to the Company from the Participant’s account at such broker the amount of such Withholding Taxes;
(b) the use of the proceeds from a next-day sale of the Shares issued to the Participant, provided that (i) such sale is permissible under the Company’s trading policies governing its securities, (ii) the Participant makes an irrevocable commitment, on or before a the Settlement Date, to effect such sale of the Shares, and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Xxxxxxxx-Xxxxx Act of 2002; or
(c) any other method approved by the Company.
Appears in 2 contracts
Samples: Performance Share Unit Agreement (Fair Isaac Corp), Performance Share Unit Award Agreement (Fair Isaac Corp)
Tax Consequences and Withholding. As a condition precedent to the delivery of Shares in settlement of the Units, the Participant is required to make arrangements acceptable to the Company for payment of any federal, state or local withholding taxes that may be due as a result of the settlement of the Units (“Withholding Taxes”), in accordance with Section 14 15 of the Plan. Until such time as the Company provides notice to the contrary, it will collect the Withholding Taxes through an automatic Share withholding procedure (the “Share Withholding Method”), unless other arrangements acceptable to the Company have been made. Under such procedure, the Company or its agent will withhold, upon the tax withholding event, a portion of the Shares with a Fair Market Value (measured as of such date) sufficient to cover the amount of such taxes; provided, however, that the number of any Shares so withheld shall not exceed the number necessary to satisfy the Company’s required tax withholding obligations using the applicable minimum statutory withholding rate or such other rate as may be permitted under the Plan up rates for federal, state and local tax purposes that are applicable to the maximum rate applicable in your jurisdictionsupplemental taxable income. In the event that the Committee determines that the Share Withholding Method would be problematic under applicable tax or securities laws or would result in materially adverse accounting consequences, you authorize the Company to collect Withholding Taxes through one of the following methods:
(a) delivery of the Participant’s authorization to E*TRADE (or another broker designated by the Company or the Participant) to transfer to the Company from the Participant’s account at such broker the amount of such Withholding Taxes;
(b) the use of the proceeds from a next-day sale of the Shares issued to the Participant, provided that (i) such sale is permissible under the Company’s trading policies governing its securities, (ii) the Participant makes an irrevocable commitment, on or before a Settlement Date, to effect such sale of the Shares, and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Xxxxxxxx-Xxxxx Act of 2002; or
(c) any other method approved by the Company.
Appears in 2 contracts
Samples: Performance Share Unit Award Agreement (Fair Isaac Corp), Performance Share Unit Award Agreement (Fair Isaac Corp)
Tax Consequences and Withholding. As a condition precedent to the delivery of Shares in settlement of the Units, the Participant is required to make arrangements acceptable to the Company for payment of any federal, state or local withholding taxes that may be due as a result of the settlement of the Units (“Withholding Taxes”), in accordance with Section 14 15 of the Plan. Until such time as the Company provides notice to the contrary, it will collect the Withholding Taxes through an automatic Share withholding procedure (the “Share Withholding Method”), unless other arrangements acceptable to the Company have been made. Under such procedure, the Company or its agent will withhold, upon the tax withholding event, a portion of the Shares with a Fair Market Value (measured as of such date) sufficient to cover the amount of such taxes; provided, however, that the number of any Shares so withheld shall not exceed the number necessary to satisfy the Company’s required tax withholding obligations using the applicable minimum statutory withholding rate or such other rate as may be permitted under the Plan up rates for federal, state and local tax purposes that are applicable to the maximum rate applicable in your jurisdictionsupplemental taxable income. In the event that the Committee determines that the Share Withholding Method would be problematic under applicable tax or securities laws or would result in materially adverse accounting consequences, you authorize the Company to collect Withholding Taxes through one of the following methods:
(a) delivery of the Participant’s authorization to E*TRADE (or another broker designated by the Company or the Participant) to transfer to the Company from the Participant’s account at such broker the amount of such Withholding Taxes;
(b) the use of the proceeds from a next-day sale of the Shares issued to the Participant, provided that (i) such sale is permissible under the Company’s trading policies governing its securities, (ii) the Participant makes an irrevocable commitment, on or before a Settlement Date, to effect such sale of the Shares, and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Xxxxxxxx-Xxxxx Act of 2002; or
(c) any other method approved by the Company.
Appears in 1 contract
Tax Consequences and Withholding. As a condition precedent to the delivery of Shares in settlement of the Units, the Participant is you are required to make arrangements acceptable pay to the Company for payment of any federal, state (or local withholding taxes that may be due as a result of the settlement of the Units (“Withholding Taxes”Affiliate employing you), in accordance with Section 14 of the Plan, the amount of any required domestic or foreign tax withholding obligations, including any social security or social insurance obligation (“Tax Withholding Obligations”). Until such time as Your acceptance of this Award constitutes your instruction and authorization to the Company provides notice and any brokerage firm determined to the contrary, it will collect the Withholding Taxes through an automatic Share withholding procedure (the “Share Withholding Method”), unless other arrangements be acceptable to the Company have been madefor such brokerage firm to: · sell on your behalf on the open market at the then prevailing market price(s) as soon as practicable on or after the applicable Unit vesting date the minimum whole number of Shares from the Shares issuable to you in settlement of the vested Units as is determined to be sufficient to generate cash proceeds adequate to satisfy such Tax Withholding Obligations and all applicable fees, commissions and costs of sale due to, or required to be collected by, the brokerage firm; · remit directly to the Company the cash amount necessary to cover the Tax Withholding Obligations; · retain the cash amount necessary to cover all applicable fees, commissions and costs of sale due to, or required to be collected by, the brokerage firm in connection with the sale of such Shares; and · remit any remaining funds to you. Under In connection with any such proceduresale to satisfy Tax Withholding Obligations and related fees, commissions and costs, you acknowledge that: · the authorization and instruction set forth in this Section 6 is intended to comply with the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act, to be interpreted to comply with the requirements of Rule 10b5-1(c) under the Exchange Act, and to constitute a “10b5-1 Plan” as contemplated by the Company’s Xxxxxxx Xxxxxxx and Information Disclosure Policy; · you are not aware of any material, nonpublic information about the Company or its agent will withhold, upon the tax withholding event, a portion any securities of the Shares with a Fair Market Value (measured Company as of the date of this Agreement; · you are responsible for all fees, commissions and costs of sale, and you agree to indemnify and hold the Company harmless from any losses, costs, damages or expenses relating to any such date) sale; · neither the Company nor the designated brokerage firm is under any obligation to arrange for a sale at any particular price, and the proceeds of any such sale may not be sufficient to cover satisfy your Tax Withholding Obligations and related fees, commissions and costs of sale; and · it may not be possible to sell Shares at any particular point in time during the amount term of such taxesthis 10b5-1 Plan due to (i) legal or contractual restrictions applicable to you or to the brokerage firm; provided, however, (ii) a market disruption; (iii) rules governing order execution priority on the Nasdaq Stock Market or other exchange on which the Shares may then be traded; or (iv) a determination by the Company that the number of any Shares so withheld shall sales may not exceed the number necessary then be effected under this 10b5-1 Plan. You agree to satisfy promptly pay the Company’s required tax withholding obligations using the applicable minimum statutory withholding rate or such other rate as may be permitted under the Plan up to the maximum rate applicable in your jurisdiction. In the event that the Committee determines that the Share Withholding Method would be problematic under applicable tax or securities laws or would result in materially adverse accounting consequences, you and hereby authorize the Company to collect withhold from any compensation or other amount payable to you, any amount of Tax Withholding Taxes through one of the following methods:
(a) delivery of the Participant’s authorization to E*TRADE (or another broker designated Obligations that are not satisfied by the Company or the Participant) to transfer to the Company from the Participant’s account at such broker the amount of such Withholding Taxes;
(b) the use of the proceeds from a next-day sale of the Shares issued to the Participant, provided that (i) such sale is permissible under the Company’s trading policies governing its securities, (ii) the Participant makes an irrevocable commitment, on or before a Settlement Date, to effect such sale of the Shares, and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Xxxxxxxx-Xxxxx Act of 2002; or
(c) any other method approved by the Companydescribed above.
Appears in 1 contract
Samples: Employee Restricted Stock Unit Award Agreement (Hutchinson Technology Inc)
Tax Consequences and Withholding. As a condition precedent to the delivery of Shares in settlement of the Units, the Participant is required to make arrangements acceptable to the Company for payment of any federal, state or local withholding taxes that may be due as a result of the settlement of the Units (“Withholding Taxes”), in accordance with Section 14 15 of the Plan. Until such time as the Company provides notice to the contrary, it will collect the Withholding Taxes through an automatic Share withholding procedure (the “Share Withholding Method”), unless other arrangements acceptable to the Company have been made. Under such procedure, the Company or its agent will withhold, upon the tax withholding eventat each Settlement Date, a portion of the Shares with a Fair Market Value (measured as of such datethe Settlement Date) sufficient to cover the amount of such taxes; provided, however, that the number of any Shares so withheld shall not exceed the number necessary to satisfy the Company’s required tax withholding obligations using the applicable minimum statutory withholding rate or such other rate as may be permitted under the Plan up rates for federal, state and local tax purposes that are applicable to the maximum rate applicable in your jurisdictionsupplemental taxable income. In the event that the Committee determines that the Share Withholding Method would be problematic under applicable tax or securities laws or would result in materially adverse accounting consequences, you authorize the Company to collect Withholding Taxes through one of the following methods:
: (a) delivery of the Participant’s authorization to E*TRADE (or another broker designated by the Company or the Participant) to transfer to the Company from the Participant’s account at such broker the amount of such Withholding Taxes;
(b) the use of the proceeds from a next-day sale of the Shares issued to the Participant, provided that (i) such sale is permissible under the Company’s trading policies governing its securities, (ii) the Participant makes an irrevocable commitment, on or before a Settlement Date, to effect such sale of the Shares, and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Xxxxxxxx-Xxxxx Act of 2002; or
(c) any other method approved by the Company.
Appears in 1 contract
Tax Consequences and Withholding. As a condition precedent to the delivery of Shares in settlement of the Units, the Participant is required to make arrangements acceptable to the Company for payment of any federal, state or local withholding taxes that may be due as a result of the settlement of the Units (“Withholding Taxes”), in accordance with Section 14 15 of the Plan. Until such time as the Company provides notice to the contrary, it will collect the Withholding Taxes through an automatic Share withholding procedure (the “Share Withholding Method”), unless other arrangements acceptable to the Company have been made. Under such procedure, the Company or its agent will withhold, upon at the tax withholding eventSettlement Date, a portion of the Shares with a Fair Market Value (measured as of such datethe Settlement Date) sufficient to cover the amount of such taxes; provided, however, that the number of any Shares so withheld shall not exceed the number necessary to satisfy the Company’s required tax withholding obligations using the applicable minimum statutory withholding rate or such other rate as may be permitted under the Plan up rates for federal, state and local tax purposes that are applicable to the maximum rate applicable in your jurisdictionsupplemental taxable income. In the event that the Committee determines that the Share Withholding Method would be problematic under applicable tax or securities laws or would result in materially adverse accounting consequences, you authorize the Company to collect Withholding Taxes through one of the following methods:
(a) delivery of the Participant’s authorization to E*TRADE (or another broker designated by the Company or the Participant) to transfer to the Company from the Participant’s account at such broker the amount of such Withholding Taxes;
(b) the use of the proceeds from a next-day sale of the Shares issued to the Participant, provided that (i) such sale is permissible under the Company’s trading policies governing its securities, (ii) the Participant makes an irrevocable commitment, on or before a the Settlement Date, to effect such sale of the Shares, and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Xxxxxxxx-Xxxxx Act of 2002; or
(c) any other method approved by the Company.
Appears in 1 contract