Common use of Tax Liability of the Participant and Payment of Taxes Clause in Contracts

Tax Liability of the Participant and Payment of Taxes. The Participant acknowledges and agrees that any income or other taxes due from the Participant with respect to the Granted Shares issued pursuant to this Agreement shall be the Participant’s responsibility and that the Company shall be entitled to immediate payment from the Participant of the amount of any tax required to be withheld by the Company.

Appears in 2 contracts

Samples: Restricted Stock Agreement (BioHorizons, Inc.), Restricted Stock Agreement (BioHorizons, Inc.)

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Tax Liability of the Participant and Payment of Taxes. The Participant acknowledges and agrees that any income or other taxes due from the Participant with respect to the Granted Shares Award or the shares of Stock to be issued pursuant to this Agreement or otherwise sold shall be the Participant’s responsibility and that the responsibility. The Company shall be entitled have no liability or obligation related to immediate payment from the Participant of the amount of any tax required to be withheld by the Companyforegoing.

Appears in 2 contracts

Samples: Stock Option Agreement (Cubist Pharmaceuticals Inc), Restricted Stock Unit Agreement (Cubist Pharmaceuticals Inc)

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Tax Liability of the Participant and Payment of Taxes. The Participant acknowledges and agrees that any income or other taxes due from the Participant with respect to the Granted Shares issued pursuant to this Agreement Agreement, including, without limitation, the Lapsing Forfeiture Right, shall be the Participant’s responsibility and that the Company shall be entitled to immediate payment from the Participant of the amount of any tax required to be withheld by the Companyresponsibility.

Appears in 1 contract

Samples: Lease (Enernoc Inc)

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