Common use of Tax Requirements Clause in Contracts

Tax Requirements. IMCO or the Company shall have the right to deduct any Federal, state, or local taxes required by law to be withheld with respect to the Award hereunder. The Executive receiving shares of Common Stock issued under this Agreement shall be required to pay IMCO or the Company the amount of any taxes which IMCO or the Company is required to withhold with respect to such shares of Common Stock.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (Imco Recycling Inc), Award Agreement (Imco Recycling Inc), Restricted Stock (Imco Recycling Inc)

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Tax Requirements. IMCO or the Company shall have the right to deduct ---------------- any Federal, state, or local taxes required by law to be withheld with respect to the Award hereunder. The Executive receiving shares of Common Stock issued under this Agreement shall be required to pay IMCO or the Company the amount of any taxes which IMCO or the Company is required to withhold with respect to such shares of Common Stock.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Imco Recycling Inc), Employment Agreement (Imco Recycling Inc), Employment Agreement (Imco Recycling Inc)

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