Common use of Withholding of Tax-Related Items Clause in Contracts

Withholding of Tax-Related Items. In connection with the Restricted Shares and any cash amounts that may be payable hereunder, the Company and/or the Employer shall have the right to withhold from any amounts due to the Participant any Tax-Related Items that are required to be withheld pursuant to applicable law in the Participant’s country of residence (and country of employment, if different), or may require the Participant to remit to the Company and/or the Employer the applicable Tax-Related Items. All other Tax-Related Items associated with the award covered under this Agreement shall be the Participant’s sole responsibility.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Fedex Corp), Restricted Stock Agreement (Fedex Corp)

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Withholding of Tax-Related Items. In connection with the Restricted Shares Stock Options and any Shares or cash amounts that may be payable hereunder, the Company and/or the Employer shall have the right to withhold from any amounts due to the Participant any Tax-Related Items that are required to be withheld pursuant to applicable law in the Participant’s country of residence (and country of employment, if different), or may require the Participant to remit to the Company and/or the Employer the applicable Tax-Related Items. All other Tax-Related Items associated with the award covered under this Agreement shall be the Participant’s sole responsibility.

Appears in 2 contracts

Samples: Stock Option Agreement (Fedex Corp), Stock Option Agreement (Fedex Corp)

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