Tax Witholding. In order to comply with applicable tax laws, rules and regulations (inclusive of directives, guidelines and interpretations promulgated by competent authorities) in effect from time to time (as used in this Section 17.15, “Applicable Law”) that a foreign financial institution, issuer, trustee, paying agent, holder or other institution is or has agreed to be subject to related to this Indenture, the Company agrees (i) to provide to the Trustee sufficient information about holders or other applicable parties and/or transactions (including any modification to the terms of such transactions) that is reasonably requested in writing and in the Company’s possession (or, to the extent not in the Company’s possession, can be obtained through commercially reasonable efforts of the Company) so the Trustee can determine whether it has tax related obligations under Applicable Law, except to the extent that providing such information to the Trustee would result in a violation of any applicable law, rule or regulation (inclusive of directives, guidelines and interpretations promulgated by competent authorities) or would require the consent, authorization, approval or waiver of a Person who is not a party to this Indenture or an affiliate of a party to this Indenture and such consent, authorization, approval or waiver cannot be obtained through commercially reasonable efforts of the Company, and (ii) that the Trustee shall be entitled to make any withholding or deduction from payments under the Indenture to the extent necessary to comply with Applicable Law for which the Trustee shall not have any liability. The terms of this Section shall survive the termination of this Indenture.
Tax Witholding. If the Company incurs a withholding tax obligation with respect to the share of income allocated to any Member: (a) any amount which is (i) actually withheld from a distribution that would otherwise have been made to such Member and (ii) paid over in satisfaction of such withholding tax obligation shall be treated for all purposes under this Agreement as if such amount had been distributed to such Member; and (b) any amount which is so paid over by the Company, but which exceeds the amount, if any, actually withheld from a distribution which would otherwise have been made to such Member, shall be treated as an interest free advance (subject to the other provisions of this Section 7.2) to such Member. Amounts treated as advanced to any Member pursuant to this Section 7.2 shall be repaid by such Member to the Company within thirty (30) days after the Manager gives notice to such Member making demand therefor. Any amounts so advanced and not timely repaid shall bear interest, commencing on the expiration of said thirty (30) day period, compounded monthly on unpaid balances, at an annual rate of eight percent (8.00%). The Company shall collect any unpaid advance amounts from any future distributions that would otherwise be made to such Member.
Tax Witholding. The Corporation shall be entitled to withhold from Xxxxxxx's compensation any amounts necessary to satisfy applicable tax withholding with respect to the grant and vesting of the Restricted Shares.
Tax Witholding. The Corporation shall be entixxxx xx withhold from Grantee's compensation any amounts necessary to satisfy applicablx xxx xithholding with respect to the grant and vesting of the Restricted Shares.
Tax Witholding. Upon the lapse of the applicable portion of the Restriction Period, or such earlier date on which the value of any Restricted Stock Units otherwise becomes includible in the Participant’s gross income for income tax purposes or on which taxes are otherwise payable, any taxes of any kind required by law to be withheld with respect to such Restricted Stock Units shall be satisfied by the Company withholding Shares or cash otherwise deliverable or payable to the Participant pursuant to this Agreement; provided, however, that the amount of any Shares so withheld shall not exceed the amount necessary to satisfy required Federal, state, local and foreign withholding obligations using the minimum statutory withholding rates for Federal, state, local and/or foreign tax purposes, including payroll taxes, that are applicable to supplemental taxable income, subject to any limitations as the Committee may prescribe and subject to applicable law, based on the Fair Market Value of the Shares on the payment date. The Company may, in the discretion of the Committee, provide for alternative arrangements to satisfy applicable tax withholding requirements in accordance with Section 6.5 of the Plan. Regardless of any action the Company takes with respect to any or all tax withholding (including social insurance contribution obligations, if any), the Participant acknowledges that the ultimate liability for all such taxes is and remains the Participant’s responsibility (or that of the Participant’s beneficiary), and that the Company does not: (a) make any representations or undertakings regarding the treatment of any tax withholding in connection with any aspect of the Restricted Stock Units, including the grant or vesting thereof, the subsequent sale of Shares and the receipt of any dividends; or (b) commit to structure the terms of the Restricted Stock Units or any aspect of the Restricted Stock Units to reduce or eliminate the Participant’s (or his or her beneficiary’s) liability for such tax.
Tax Witholding. As a condition to exercise of the options, Grantee shall be liable to pay all applicable federal, state and local taxes.
Tax Witholding. Notwithstanding any other provision in this Agreement, the Company shall have the right to withhold from any amounts payable by the Company any Taxes required by law to be withheld.
Tax Witholding. Buyer shall be entitled to deduct and withhold from the payment of the portion of the Purchase Price allocable to the covenants contained in Section 7.8 herein such amounts as Buyer reasonably determines are required to be deducted and withheld with respect to the making of such payment under the Code, or any provision of state, local or foreign Tax law. To the extent that amounts are so withheld, such amounts shall be (i) remitted to the appropriate Governmental Authority as required by the Code, or any provision of state, local or foreign Tax law and (ii) treated for all purposes of this Agreement as having been paid to the Person in respect of whom such deduction and withholding were made.
Tax Witholding. The Corporation shall have the right to deduct from any payment or settlement under this Agreement, including, without limitation, the exercise of this Stock Option, any federal, state, local, foreign or other taxes of any kind which the Board or the Compensation Committee, in its sole discretion, deems necessary to be withheld to comply with the Internal Revenue Code of 1986, as amended, and/or any other applicable law, rule or regulation. In addition, the Corporation shall have the right to require a payment from the Optionee to cover any applicable withholding or other employment taxes due upon the exercise of this Stock Option.
Tax Witholding. Under the proposed Treasury regulations, withdrawals from Accounts are not subject to backup withholding. No other federal income tax withholding currently applies to distributions from the Program. To comply with Rule 15c2-12(b)(5) under the Securities Exchange Act of 1934, as amended, the Council has executed a Continuing Disclosure Agreement with the Program Manager for the benefit of Account Owners. Under the Continuing Disclosure Agreement, the Council and the Program Manager have arranged to provide certain financial information and operating data (the “Annual Information”) relating to the Program and notices of the occurrence of certain enumerated events set forth in the Continuing Disclosure Agreement. The Annual Information will be filed by or on behalf of the Council with each Nationally Recognized Municipal Securities Information Repository (the “NRMSIRS”) and with a depository in South Dakota, if one then exists. Notices of certain enumerated events will be filed by or on behalf of the Council with the NRMSIRS or the Municipal Securities Rulemaking Board and with a depository in South Dakota, if one then exists. Other documents and reports, including prospectuses for any Underlying Fund, which are referenced in this Plan Disclosure Statement are also available, upon request, from the Program Manager. Call toll-free, 0-000-000-0000, or send your request in writing by regular mail to: CollegeAccess 529 Plan, P.O. Box 219337, Kansas City, MO 64121-9337 or by overnight mail to: CollegeAccess 529 Plan, 000 x 0xx Xxxxxx XXX 000000, Xxxxxx Xxxx, XX 00000-0000. You can also make requests by visiting our Web site at xxx.xxxxxxxxxxxxx000.xxx.
