Common use of Tax Loan Clause in Contracts

Tax Loan. Notwithstanding any provisions in the Agreement, the Grantee hereby agrees that he / she is liable for payment or withholding of the income tax due in connection with the Restricted Stock Units and hereby covenants to pay all such taxes, as and when requested by the Company or (if different) the Grantee’s employer or by Her Majesty’s Revenue & Customs (“HMRC”) (or any other tax authority or any other relevant authority). The Grantee also hereby agrees to indemnify and keep indemnified the Company and (if different) the Grantee’s employer against any such taxes that they are required to pay or withhold on the Grantee’s behalf or have paid or will pay to the HMRC (or any other tax authority or any other relevant authority).