Common use of Withholding and Taxes Clause in Contracts

Withholding and Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Grantee for income tax purposes or subject to the Federal Insurance Contributions Act withholding with respect to this Award, the Grantee will pay to the Company or, if appropriate, any of its affiliates, or make arrangements satisfactory to the Committee regarding the payment of any United States federal, state or local or foreign taxes of any kind required by law to be withheld with respect to such amount; provided, however, that if any LTIP Units or Partnership Units are withheld (or returned), the number of LTIP Units or Partnership Units so withheld (or returned) shall be limited to the number which have a fair market value on the date of withholding equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company and its affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Grantee.

Appears in 14 contracts

Samples: Ltip Unit Award Agreement (Simon Property Group L P /De/), Ltip Unit Award Agreement, Ltip Unit Award Agreement (Simon Property Group Inc /De/)

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Withholding and Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Grantee for income tax purposes or subject to the Federal Insurance Contributions Act withholding with respect to this Award, the Grantee will pay to the Company or, if appropriate, any of its affiliatesAffiliates, or make arrangements satisfactory to the Committee regarding the payment of of, any United States federal, state or local or foreign taxes of any kind required by law to be withheld with respect to such amount; provided, however, that if any LTIP Award OPP Units or Award Partnership Units are withheld (or returned), the number of LTIP Award OPP Units or Award Partnership Units so withheld (or returned) shall be limited to the a number which have has a fair market value on the date of withholding equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company and its affiliates Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Grantee.

Appears in 11 contracts

Samples: 2021 Outperformance Plan Award Agreement (Vornado Realty Lp), 2021 Outperformance Plan Award Agreement (Vornado Realty Lp), 2020 Outperformance Plan Award Agreement (Vornado Realty Lp)

Withholding and Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Grantee for income tax purposes or subject to the Federal Insurance Contributions Act withholding with respect to this Award, the Grantee will pay to the Company or, if appropriate, any of its affiliates, or make arrangements satisfactory to the Committee regarding the payment of any United States federal, state or local or foreign taxes of any kind required by law to be withheld with respect to such amount; provided, however, that if any LTIP Class B Units or Partnership Units are withheld (or returned), the number of LTIP Class B Units or Partnership Units so withheld (or returned) shall be limited to the number which have a fair market value on the date of withholding equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company and its affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Grantee.

Appears in 11 contracts

Samples: Class B Unit Award Agreement (Preferred Apartment Communities Inc), Class B Unit Award Agreement (Preferred Apartment Communities Inc), 2017 Class B Unit Award Agreement (Preferred Apartment Communities Inc)

Withholding and Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Grantee Participant for income tax purposes or subject to the Federal Insurance Contributions Act withholding with respect to this AwardAward (if any), the Grantee Participant will pay to the Company or, if appropriate, any of its affiliatesAffiliates, or make arrangements satisfactory to the Committee regarding the payment of any United States federal, state or local or foreign taxes of any kind required by law to be withheld with respect to such amount; provided, however, that if any LTIP Units or Partnership Units are withheld (or returned), the number of LTIP Units or Partnership Units so withheld (or returned) shall be limited to the number which have a fair market value on the date of withholding equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company and its affiliates Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the GranteeParticipant.

Appears in 10 contracts

Samples: Ltip Unit Award Agreement (Washington Prime Group, L.P.), Ltip Unit Award Agreement (Washington Prime Group, L.P.), Ltip Unit Award Agreement (Washington Prime Group, L.P.)

Withholding and Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Grantee for income tax purposes or subject to the Federal Insurance Contributions Act withholding with respect to this Award, the Grantee will pay to the Company or, if appropriate, any of its affiliates, or make arrangements satisfactory to the Committee regarding the payment of any United States federal, state or local or foreign taxes of any kind required by law to be withheld with respect to such amount; provided, however, that if any LTIP Units or Partnership Common Units are withheld (or returned), the number of LTIP Units or Partnership Common Units so withheld (or returned) shall be limited to the number which have a fair market value on the date of withholding equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company and its affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Grantee.

Appears in 2 contracts

Samples: Ltip Unit Award Agreement (International Market Centers, Inc.), Ltip Unit Award Agreement (International Market Centers, Inc.)

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Withholding and Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Grantee for income tax purposes or subject to the Federal Insurance Contributions Act withholding with respect to this Award, the Grantee will pay to the Company or, if appropriate, any of its affiliatesAffiliates, or make arrangements satisfactory to the Committee regarding the payment of of, any United States federal, state or local or foreign taxes of any kind required by law to be withheld with respect to such amount; provided, however, that if any Award LTIP Units or Award Partnership Units are withheld (or returned), the number of Award LTIP Units or Award Partnership Units so withheld (or returned) shall be limited to the a number which have has a fair market value on the date of withholding equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company and its affiliates Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Grantee.

Appears in 2 contracts

Samples: Ltip Unit Award Agreement (Vornado Realty Lp), Ltip Unit Award Agreement (Vornado Realty Lp)

Withholding and Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Grantee for income tax purposes or subject to the Federal Insurance Contributions Act withholding with respect to this Award, the Grantee will pay to the Company or, if appropriate, any of its affiliates, or make arrangements satisfactory to the Committee regarding the payment of any United States federal, state or local or foreign taxes of any kind required by law to be withheld with respect to such amount; provided, however, that if any LTIP Units, Partnership Units or Partnership Units shares of Common Stock are withheld (or returned), the number of LTIP Units or Partnership Units such securities so withheld (or returned) shall be limited to the number which have a fair market value on the date of withholding equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company and its affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Grantee.

Appears in 2 contracts

Samples: Series Ceo Ltip Unit Award Agreement (Simon Property Group Inc /De/), Series Ceo Ltip Unit Award Agreement (Simon Property Group Inc /De/)

Withholding and Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Grantee Participant for income tax purposes or subject to the Federal Insurance Contributions Act withholding with respect to this AwardAward (if any), the Grantee Participant will pay to the Company or, if appropriate, any of its affiliatesAffiliates, or make arrangements satisfactory to the Committee regarding the payment of any United States federal, state or local or foreign taxes of any kind required by law to be withheld with respect to such amount; provided, however, that if any LTIP Awarded Units or Partnership Units are withheld (or returned), the number of LTIP Awarded Units or Partnership Units so withheld (or returned) shall be limited to the number which have a fair market value on the date of withholding equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company and its affiliates Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the GranteeParticipant.

Appears in 1 contract

Samples: Ltip Unit Award Agreement (Washington Prime Group, L.P.)

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