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

Tax Liability of the Participant and Payment of Taxes. a. The Participant acknowledges and agrees that any income or other taxes with respect to the Award or the shares of Stock to be issued pursuant to this Agreement or otherwise sold shall be the Participant’s responsibility. b. The Participant acknowledges and agrees that the Participant’s rights hereunder, including the right to be issued shares of Stock upon the vesting and settlement of the RSUs (or any portion thereof), are subject to the Participant’s promptly paying, or in respect of any later requirement of withholding being liable, promptly paying at such time as such withholdings are due, all taxes required to be withheld, if any. c. The Participant is responsible for satisfying all applicable tax and withholding obligations with respect to the Award in cash or by such other means that are acceptable to the Administrator and no shares of Stock will be transferred unless and until all applicable tax and withholding obligations have been satisfied.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Cubist Pharmaceuticals Inc)

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Tax Liability of the Participant and Payment of Taxes. a. The Participant acknowledges and agrees that any income or other taxes with respect to the Award or the shares of Stock to be issued pursuant to this Agreement or otherwise sold shall be the Participant’s responsibility. b. The Participant acknowledges and agrees that the Participant’s rights hereunder, including the right to be issued shares of Stock upon the vesting and settlement exercise of the RSUs (or any portion thereof)Stock Options, are subject to the Participant’s promptly paying, or in respect of any later requirement of withholding being liable, promptly paying at such time as such withholdings are due, all taxes required to be withheld, if any. c. The Participant is responsible for satisfying all applicable tax and withholding obligations with respect to the Award in cash or by such other means that are acceptable to the Administrator and no shares of Stock will be transferred unless and until all applicable tax and withholding obligations have been satisfied.

Appears in 1 contract

Samples: Stock Option Agreement (Cubist Pharmaceuticals Inc)

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