Common use of Taxable Event Clause in Contracts

Taxable Event. The Recipient acknowledges that the issuance of the RSU 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 restricted stock unit awards is set forth in the Plan Prospectus.

Appears in 3 contracts

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

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Taxable Event. The Recipient acknowledges that the issuance issuance/vesting/settlement of the RSU shares RSUs 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 restricted stock unit awards RSUs is set forth in the Plan Prospectusprospectus.

Appears in 1 contract

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

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