Taxes; Withholding. The Eligible Employee shall be responsible for the payment of all applicable local, state and federal taxes associated with the Eligible Employee’s receipt of Change in Control Severance Benefits hereunder, and the Company shall have the right to deduct from any distributions hereunder any such taxes or other amounts required by law to be withheld therefrom.
Appears in 8 contracts
Samples: Change in Control Severance Agreement (Trex Co Inc), Change in Control Severance Agreement (Trex Co Inc), Change in Control Severance Agreement (Trex Co Inc)
Taxes; Withholding. The Eligible Employee shall be responsible for the payment of all applicable local, state and federal taxes associated with the Eligible Employee’s participation in the Plan and the receipt of Change in Control Severance Benefits hereunder, and the Company shall have the right to deduct from any distributions hereunder any such taxes or other amounts required by law to be withheld therefrom.
Appears in 3 contracts
Samples: Change in Control Severance Agreement (First United Corp/Md/), Change in Control Severance Agreement (First United Corp/Md/), Change in Control Severance Agreement (First United Corp/Md/)
Taxes; Withholding. The Eligible Employee shall be responsible for the payment of all applicable local, state and federal taxes associated with the Eligible Employee’s participation in the Plan and the receipt of Change in Control Severance Benefits hereunder, and the Company shall have the right to deduct from any distributions hereunder any such taxes or other amounts required by law to be withheld therefrom.
8. Except as expressly amended hereby, the Agreement remains unchanged and in full force and effect.
Appears in 1 contract
Samples: Change in Control Severance Plan (First United Corp/Md/)
