Common use of WITHHOLDING; CERTAIN TAX MATTERS Clause in Contracts

WITHHOLDING; CERTAIN TAX MATTERS. Anything to the contrary notwithstanding, (a) all payments required to be made by the Company hereunder to Executive shall be subject to the withholding of such amounts, if any, relating to tax and other payroll deductions as the Company may reasonably determine it should withhold pursuant to any applicable law or regulation, and (b) to the extent any payment hereunder shall be required to be delayed until six months following separation from service to comply with the “specified employee” rules of Section 409A it shall be so delayed (but not more than is required to comply with such rules).

Appears in 6 contracts

Samples: Employment Agreement (TJX Companies Inc /De/), Employment Agreement (TJX Companies Inc /De/), Employment Agreement (TJX Companies Inc /De/)

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WITHHOLDING; CERTAIN TAX MATTERS. Anything to the contrary notwithstanding, (a) all payments required to be made by the Company hereunder to Executive shall be subject to the withholding of such amounts, if any, relating to tax and other payroll deductions as the Company may reasonably determine it should withhold pursuant to any applicable law or regulation, and (b) to the extent any payment hereunder shall be required to be delayed until six months following separation from service to comply with the "specified employee" rules of Section 409A of the Code, it shall be so delayed (but not more than is required to comply with such rules).

Appears in 4 contracts

Samples: Employment Agreement (TJX Companies Inc /De/), Employment Agreement (TJX Companies Inc /De/), Employment Agreement (TJX Companies Inc /De/)

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WITHHOLDING; CERTAIN TAX MATTERS. Anything to the contrary notwithstanding, (a) all payments required to be made by the Company hereunder to Executive shall be subject to the withholding of such amounts, if any, relating to tax and other payroll deductions as the Company may reasonably determine it should withhold pursuant to any applicable law or regulation, and (b) to the extent any payment hereunder shall be required to be delayed until six months following separation from service to comply with the “specified employee” rules of Section 409A of the Code, it shall be so delayed (but not more than is required to comply with such rules).

Appears in 1 contract

Samples: Employment Agreement (Pier 1 Imports Inc/De)

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