Tax Withholding Liability Sample Clauses
The Tax Withholding Liability clause defines the responsibility of one or both parties to withhold and remit applicable taxes arising from payments made under the agreement. In practice, this means that if a payment is subject to income tax, value-added tax, or other statutory deductions, the paying party must deduct the required amount and forward it to the relevant tax authorities, often providing documentation to the recipient. This clause ensures compliance with tax laws and clarifies which party bears the risk and administrative burden of tax withholding, thereby preventing disputes or penalties related to tax obligations.
Tax Withholding Liability. Payment of the Exercise Price and Tax Withholding Liability shall be made by check or bank draft payable to the order of the Company or by wire transfer to the account of the Company. The shares so purchased shall be deemed to be issued as of the close of business on the date on which the Company shall have received from the Holder payment in full of the Exercise Price and Tax Withholding Liability and the other documents referred to herein (the "Exercise Date").
Tax Withholding Liability. Payment of the Exercise Price and Tax Withholding Liability shall be made by check or bank draft payable to the order of the Company or by wire transfer to the account of the Company. The shares so -------------------------------------------------------------------------------- AMENDED AND RESTATED COMMON STOCK PURCHASE WARRANT - Page 2 (Dial-Thru International Corporation) purchased shall be deemed to be issued as of the close of business on the date on which the Company shall have received from the Holder payment in full of the Exercise Price and Tax Withholding Liability and the other documents referred to herein (the "Exercise Date"). Notwithstanding the foregoing, Holder shall not be entitled to exercise this Warrant, in whole or in part, unless and until Holder is current in all payment obligations to the Company, whether arising under the Distribution Agreement or otherwise.
Tax Withholding Liability. Payment of the Exercise Price shall be made by (a) check or bank draft payable to the order of the Company or by wire transfer to the account of the Company, (b) Holder's surrender to the Company of a number of shares of Common Stock owned by Holder for at least six (6) months having an aggregate Fair Market Value equal to the Exercise Price and Tax Withholding Liability, or (c) any combination of the foregoing; provided that the Company may, in its discretion, (i) allow the exercise of this Warrant in a broker-assisted or similar transaction in which the Exercise Price is not received by the Company until promptly after exercise, and/or (ii) allow the Company to loan the Exercise Price to the Holder, if the exercise will be followed by a prompt sale of some or all of the underlying shares and a portion of the sale proceeds is dedicated to full payment of the Exercise Price and any Tax Withholding Liability. Payment of the Tax Withholding Liability shall be made (a) check or bank draft payable to the order of the Company or by wire transfer to the account of the Company or (b) Holder's surrender to the Company of a number of shares of Common Stock owned by Holder having an aggregate Fair Market Value equal to the Exercise Price (or by withholding a portion of the shares otherwise issuable in connection with this Warrant). The shares so purchased shall be deemed to be issued as of the close of business on the date on which the Company shall have received from the Holder payment in full of the Exercise Price and Tax Withholding Liability and the other documents referred to herein (the "EXERCISE DATE").
Tax Withholding Liability. All federal and state income taxes, social security tax, and any other taxes applicable to the compensation income arising from the transaction required by applicable law to be withheld by the Corporation.
Tax Withholding Liability. Payment of the Exercise Price and Tax Withholding Liability shall be made by (a) check or bank draft payable to the order of the Company or by wire transfer to the account of the Company, (b) Holder's surrender to the Company of a number of shares of Common Stock owned by Holder for at least six (6) months having an aggregate Fair Market Value equal to the Exercise Price and Tax Withholding Liability, (c) Holder's authorization for the Company to withhold from the Warrant Shares a number of shares of Common Stock having an aggregate Fair Market Value equal to the Exercise Price and Tax Withholding Liability, or (d) any combination of the foregoing. The shares so purchased shall be deemed to be issued as of the close of business on the date on which the Company shall have received from the Holder payment in full of the Exercise Price and Tax Withholding Liability and the other documents referred to herein (the "Exercise Date").
Tax Withholding Liability. Payment of the Exercise Price and Tax Withholding Liability shall be made by check or bank draft payable to the order of the Company or by wire transfer to the account of the Company. The shares so purchased shall be deemed to be issued as of the close of business on the date on which the Company shall have received from the Holder payment in full of the Exercise Price and Tax Withholding Liability and the other documents referred to herein (the "Exercise Date"). Notwithstanding the foregoing, Holder shall not be entitled to exercise this Warrant, in whole or in part, unless and until Holder is current in all payment obligations to the Company, whether arising under the Distribution Agreement or otherwise.
Tax Withholding Liability. To the extent the Partnership is required to withhold and pay over to any taxing authority pursuant to Code Sections 1441, 1445, or 1446 or any similar statute with respect to the tax liability of any Partner or Assignee, such Partner or Assignee shall contribute to the Partnership, upon demand from the General Partner, the amount so required to be withheld.