Common use of U.S. Tax Consequences Clause in Contracts

U.S. Tax Consequences. Upon vesting of Shares, Participant will include in taxable income the difference between the fair market value of the vesting Shares, as determined on the date of their vesting, and the price paid for the Shares. This will be treated as ordinary income by Participant and will be subject to withholding by Workday when required by applicable law. In the absence of an Election (defined below), Workday will withhold a number of vesting Shares with a fair market value (determined on the date of their vesting) equal to the minimum amount Workday is required to withhold for income and employment taxes. If Participant makes an Election, then Participant must, prior to making the Election, pay in cash (or check) to Workday an amount equal to the amount Workday is required to withhold for income and employment taxes.

U.S. Tax Consequences. Upon vesting of Shares, Participant will include in taxable income the difference between the fair market value Fair Market Value of the vesting Shares, as determined on the date of their vesting, and the price paid for the Shares. This will be treated as ordinary income by Participant and will be subject to withholding by Workday the Company when required by applicable law. In the absence of an Election (defined below), Workday will the Company shall withhold a number of vesting Shares with a fair market value Fair Market Value (determined on the date of their vesting) equal to the minimum amount Workday the Company is required to withhold for income and employment taxes. If Participant makes an Election, then Participant must, prior to making the Election, pay in cash (or check) to Workday the Company an amount equal to the amount Workday the Company is required to withhold for income and employment taxes.

U.S. Tax Consequences. Upon vesting of Shares, Participant will include in taxable income the difference between the fair market value of the vesting Shares, as determined on the date of their vesting, and the price paid for the Shares. This will be treated as ordinary income by Participant and will be subject to withholding by Workday the Company when required by applicable law. In the absence of an Election (defined below), Workday will the Company shall withhold a number of vesting Shares with a fair market value (determined on the date of their vesting) equal to the minimum amount Workday the Company is required to withhold for income and employment taxes. If Participant makes an Election, then Participant must, prior to making the Election, pay in cash (or check) to Workday the Company an amount equal to the amount Workday the Company is required to withhold for income and employment taxes.