Common use of Taxes and Withholding Clause in Contracts

Taxes and Withholding. All payments to a Grantee or to his legal representative shall be subject to any applicable tax, community property, or other statutes or regulations of the United States or of any state having jurisdiction thereof. The Grantee may be required to pay to the Corporation the amount of any withholding taxes which the Corporation is required to withhold with respect to a stock option or its exercise. In the event that such payment is not made when due, the Corporation shall have the right to deduct, to the extent permitted by law, from any payment of any kind otherwise due to such person all or part of the amount required to be withheld.

Appears in 20 contracts

Samples: Ariel Corporation (Ariel Corp), Ariel Corporation (Ariel Corp), Ariel Corporation (Ariel Corp)

AutoNDA by SimpleDocs

Taxes and Withholding. All payments to a Grantee or to his legal --------------------- representative shall be subject to any applicable tax, community property, or other statutes or regulations of the United States or of any state having jurisdiction thereof. The Grantee may be required to pay to the Corporation the amount of any withholding taxes which the Corporation is required to withhold with respect to a stock option or its exercise. In the event that such payment is not made when due, the Corporation shall have the right to deduct, to the extent permitted by law, from any payment of any kind otherwise due to such person all or part of the amount required to be withheld.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Information Management Associates Inc), Information Management Associates Inc

Taxes and Withholding. All payments to a Grantee or to his or her legal representative shall be subject to any applicable tax, community property, or other statutes or regulations of the United States or of any state having jurisdiction thereof. The Grantee may be required to pay to the Corporation Company the amount of any withholding taxes which the Corporation Company is required to withhold with respect to a stock option Non-Qualified Stock Option or its exercise. In the event that such payment is not made when due, the Corporation Company shall have the right to deduct, to the extent permitted by law, from any payment of any kind otherwise due to such person all or part of the amount required to be withheld.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (UFood Restaurant Group, Inc.)

AutoNDA by SimpleDocs

Taxes and Withholding. All payments to a Grantee or to his legal --------------------- representative shall be subject to any applicable tax, community property, or other statutes or regulations of the United States or of any state having jurisdiction thereof. The Grantee may be required to pay to the Corporation the amount of any withholding taxes which the Corporation is required to withhold with respect to a stock option Stock Option or its exercise. In the event that such payment is not made when due, the Corporation shall have the right to deduct, to the extent permitted by law, from any payment of any kind otherwise due to such person all or part of the amount required to be withheld.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Physicians Health Services Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!