Common use of Taxable Event Clause in Contracts

Taxable Event. Recipient acknowledges that the issuance/vesting/settlement of the PSUs will have significant tax consequences to Recipient and Recipient is hereby advised to consult with Recipient’s own tax advisors concerning such tax consequences. A general description of the U.S. federal income tax consequences related to the PSUs is set forth in the Plan prospectus.

Appears in 8 contracts

Samples: Performance Stock Unit Grant Agreement (Callaway Golf Co), Performance Unit Grant Agreement (Callaway Golf Co), Performance Unit Grant Agreement (Callaway Golf Co)

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Taxable Event. The Recipient acknowledges that the issuance/vesting/settlement vesting of the PSUs PSU shares will have significant tax consequences to the Recipient and Recipient is hereby advised to consult with Recipient’s own tax advisors concerning such tax consequences. A general description of the U.S. federal income tax consequences related to the PSUs Stock Unit awards is set forth in the Plan prospectusProspectus.

Appears in 1 contract

Samples: Performance Unit Grant Agreement (Callaway Golf Co)

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