Common use of Tax Liability and Withholding Clause in Contracts

Tax Liability and Withholding. Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains the Participant’s responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting, or exercise of the SARs and (b) does not commit to structure the SARs to reduce or eliminate the Participant’s liability for Tax-Related Items.

Appears in 9 contracts

Samples: Stock Appreciation Rights Agreement (KwikClick, Inc.), Stock Appreciation Rights Agreement (Sigma Labs, Inc.), Stock Appreciation Rights Agreement (Geospatial Corp)

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Tax Liability and Withholding. Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Participant’s 's responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting, or exercise of the SARs and (b) does not commit to structure the SARs to reduce or eliminate the Participant’s 's liability for Tax-Related Items.

Appears in 1 contract

Samples: Stock Appreciation Rights Agreement (Orbital Energy Group, Inc.)

Tax Liability and Withholding. Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains the ParticipantGrantee’s responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting, or exercise of the SARs and (b) does not commit to structure the SARs to reduce or eliminate the ParticipantGrantee’s liability for Tax-Related Items.

Appears in 1 contract

Samples: Stock Appreciation Rights Agreement (Smartfinancial Inc.)

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Tax Liability and Withholding. Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains the Participant’s responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting, or exercise of the SARs granted herein, and (b) does not commit to structure the SARs to reduce or eliminate the Participant’s liability for Tax-Related Items.

Appears in 1 contract

Samples: Stock Appreciation Rights Award Agreement (International Bancshares Corp)

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