Common use of Taxable Event Clause in Contracts

Taxable Event. Recipient acknowledges that the issuance/vesting/settlement of the SUs 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 SUs is set forth in the Plan prospectus.

Appears in 5 contracts

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

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Taxable Event. The Recipient acknowledges that the issuance/vesting/settlement issuance of the SUs SU 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 SUs Stock Unit awards is set forth in the Plan prospectusProspectus.

Appears in 3 contracts

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

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