Common use of Withholding and Disposition of Shares Clause in Contracts

Withholding and Disposition of Shares. You agree to make arrangements satisfactory to the Company for the payment of any federal, state, local or foreign withholding tax obligations that arise either upon receipt of the Shares or as the forfeiture restrictions on any Shares lapse. In accordance with the Plan, you may use Vested Shares as a means to pay any applicable tax withholding obligations due hereunder.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Puget Sound Energy Inc), Restricted Stock Award Agreement (Puget Energy Inc /Wa), Performance Based Restricted Stock Award Agreement (Puget Energy Inc /Wa)

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Withholding and Disposition of Shares. You agree to make arrangements satisfactory to the Company for the payment of any federal, state, local or foreign withholding tax obligations that arise either upon receipt of the Shares or as the forfeiture restrictions on any Shares lapse. In accordance with Notwithstanding the Planprevious sentence, you may use Vested Shares as a means acknowledge and agree that the Company and any Related Corporation has the right to pay deduct from payments of any applicable tax withholding obligations kind otherwise due hereunderto you any federal, state or local taxes of any kind required by law to be withheld with respect this Restricted Stock Award.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Icos Corp / De)

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Withholding and Disposition of Shares. You agree to make arrangements satisfactory to the Company for the payment of any federal, state, local or foreign withholding tax obligations that arise either upon receipt of the Shares or as the forfeiture restrictions on any Shares lapse. In accordance with Notwithstanding the Planprevious sentence, you may use Vested Shares as a means acknowledge and agree that the Company and any Affiliate has the right to pay deduct from payments of any applicable tax withholding obligations kind otherwise due hereunderto you any federal, state or local taxes of any kind required by law to be withheld with respect this Restricted Stock Award.

Appears in 1 contract

Samples: Separation Agreement (NPS Pharmaceuticals Inc)

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