Common use of Withholding by the Corporation Clause in Contracts

Withholding by the Corporation. In connection with Condition 14(2), the Corporation or its designee is authorized to withhold from any payment relating to an Option or from any payroll or other payment to the Qualified Person, amounts of withholding and other taxes or fees due in connection with the Option, and to take any other action as the Corporation may deem advisable to enable the Corporation and the Qualified Person to satisfy obligations for the payment of withholding taxes, other tax obligations and other costs and fees relating to the Options. This authority shall include, either on a mandatory or elective basis in the discretion of the Corporation, authority (a) to withhold or receive shares of common stock of the Corporation or other property and (b) to make cash payments in respect thereof in satisfaction of the Qualified Person’s tax obligations and other costs and fees relating to the Options.

Appears in 3 contracts

Samples: Stock Acquisition Rights Agreement (Sony Corp), Stock Acquisition Rights Agreement (Sony Corp), Stock Acquisition Rights Agreement (Sony Corp)

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Withholding by the Corporation. In connection with Condition 14(2)13(2) of the Terms and Conditions, the Corporation or its designee is authorized to withhold from any payment relating to an Option or from any payroll or other payment to the Qualified Person, amounts of withholding and other taxes or fees due in connection with the Option, and to take any other action as the Corporation may deem advisable to enable the Corporation and the Qualified Person to satisfy obligations for the payment of withholding taxes, other tax obligations and other costs and fees relating to the Options. This authority shall include, either on a mandatory or elective basis in the discretion of the Corporation, authority (a) to withhold or receive shares of common stock of the Corporation or other property and (b) to make cash payments in respect thereof in satisfaction of the Qualified Person’s tax obligations and other costs and fees relating to the Options.

Appears in 2 contracts

Samples: Stock Acquisition Rights Agreement (Sony Corp), Stock Acquisition Rights Agreement (Sony Corp)

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Withholding by the Corporation. In connection with Condition 14(213(2), the Corporation or its designee is authorized to withhold from any payment relating to an Option or from any payroll or other payment to the Qualified Persona holder, amounts of withholding and other taxes or fees due in connection with the Option, and to take any other action as the Corporation may deem advisable to enable the Corporation and the Qualified Person holder to satisfy obligations for the payment of withholding taxes, other tax obligations and other costs and fees relating to the Options. This authority shall include, either on a mandatory or elective basis in the discretion of the Corporation's discretion, authority (a) to withhold or receive shares of common stock of the Corporation or other property and (b) to make cash payments in respect thereof in satisfaction of the Qualified Person’s holder's tax obligations and other costs and fees relating to the Options, either on a mandatory or elective basis in the discretion of the Corporation.

Appears in 1 contract

Samples: Agreement Concerning Allocation of Stock Acquisition Rights (Sony Corp)

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