Common use of Withholding in Shares Clause in Contracts

Withholding in Shares. Subject to applicable law, the Company may require the Participant to satisfy Tax-Related Items by deducting from the shares of Stock otherwise deliverable to the Participant in settlement of the Award a number of whole shares of Stock having a fair market value, as determined by the Company as of the date on which the tax withholding obligations arise, not in excess of the amount of such Tax-Related Items determined by the applicable minimum statutory withholding rates.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Lululemon Athletica Inc.), Restricted Stock Units Agreement (Lululemon Athletica Inc.)

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Withholding in Shares. Subject The Participant may elect to applicable law, satisfy all or any portion of a Participating Company’s tax withholding obligations by requesting that the Company may require the Participant to satisfy Tax-Related Items by deducting deduct from the shares of Stock otherwise deliverable to the Participant in settlement of the Award a number of whole shares of Stock having a fair market value, as determined by the Company as of the date on which the tax withholding obligations arise, not in excess of the amount of such Tax-Related Items tax withholding obligations determined by the applicable minimum statutory withholding rates.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Pico Holdings Inc /New)

Withholding in Shares. Subject to applicable law, the The Company may require the Participant to satisfy all or any portion of the Tax-Related Items by deducting from the shares of Stock otherwise deliverable to the Participant in settlement of the Award a number of whole shares of Stock having a fair market value, as determined by the Company as of the date on which the tax withholding obligations arise, not in excess of the amount of such Tax-Related Items determined by the applicable minimum statutory withholding rates.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Dts, Inc.)

Withholding in Shares. Subject to applicable law, the The Company may require the Participant to satisfy Tax-Related Items all or any portion of a Participating Company’s tax withholding obligations by deducting from the shares of Stock otherwise deliverable to the Participant in settlement of the Award a number of whole shares of Stock having a fair market value, as determined by the Company as of the date on which the tax withholding obligations arise, not in excess of the amount of such Tax-Related Items tax withholding obligations determined by the applicable minimum statutory withholding rates.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Dts, Inc.)

Withholding in Shares. Subject to applicable law, the Company may shall require the Participant to satisfy Tax-Related Items by deducting from the shares of Stock otherwise deliverable to the Participant in settlement of the Award a number of whole shares of Stock having a fair market valueFair Market Value, as determined by the Company as of the date on which the tax withholding obligations arise, not in excess of the amount of such Tax-Related Items determined by the applicable minimum statutory withholding rates.

Appears in 1 contract

Samples: Performance Share Agreement (Lululemon Athletica Inc.)

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Withholding in Shares. Subject to applicable law, the Company may shall require the Participant to satisfy Tax-Related Items its tax withholding obligations by deducting from the shares of Stock otherwise deliverable to the Participant in settlement of the Award a number of whole shares of Stock having a fair market valueFair Market Value, as determined by the Company as of the date on which the tax withholding obligations arise, not in excess of the amount of such Tax-Related Items tax withholding obligations determined by the applicable minimum statutory withholding rates.

Appears in 1 contract

Samples: Performance Share Agreement (Lululemon Athletica Inc.)

Withholding in Shares. Subject to applicable law, the The Company may require the Participant to satisfy all or any portion of the Tax-Related Items by deducting from the shares of Stock Shares otherwise deliverable to the Participant in settlement of the Award a number of whole shares of Stock Shares having a fair market value, as determined by the Company as of the date on which the tax withholding obligations arise, not in excess of the amount of such Tax-Related Items determined by the applicable minimum statutory withholding rates.

Appears in 1 contract

Samples: Restricted Share Units Agreement (Dts, Inc.)

Withholding in Shares. Subject to applicable law, the Company may shall require the Participant to satisfy Tax-Related Items its tax withholding obligations by deducting from the shares of Stock otherwise deliverable to the Participant in settlement of the Award a number of whole shares of Stock having a fair market valueFair Market Value, as determined by the Company as of the date on which the tax withholding obligations arise, not in excess of the amount of such Tax-Related Items tax withholding obligations determined by the applicable minimum statutory withholding rates.

Appears in 1 contract

Samples: Performance Share Agreement (Lululemon Athletica Inc.)

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