Common use of Withholding of Tax Upon Payment of Stock or Cash Clause in Contracts

Withholding of Tax Upon Payment of Stock or Cash. Any obligation of the Company to pay and transfer to Employee Stock pursuant to Section B.2 or cash pursuant to Section B.3 shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements as determined by the Company, and in connection therewith the Company is hereby authorized to withhold from any cash or Stock remuneration then or thereafter payable to Employee any tax required to be withheld by reason of such resulting compensation income.

Appears in 11 contracts

Samples: Award Agreement (Weyerhaeuser Co), Award Agreement (Weyerhaeuser Co), Award Agreement (Weyerhaeuser Co)

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Withholding of Tax Upon Payment of Stock or Cash. Any obligation of the Company to pay and transfer to Employee Stock pursuant to Section B.2 C.2 or cash pursuant to Section B.3 C.3 shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements as determined by the Company, and in connection therewith the Company is hereby authorized to withhold from any cash or Stock remuneration then or thereafter payable to Employee any tax required to be withheld by reason of such resulting compensation income.

Appears in 10 contracts

Samples: Stock Incentive Plan Award Agreement (Weyerhaeuser Co), Stock Incentive Plan Award Agreement (Weyerhaeuser Co), Stock Incentive Plan Award Agreement (Weyerhaeuser Co)

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Withholding of Tax Upon Payment of Stock or Cash. Any obligation of the Company to pay and transfer to Employee Stock pursuant to Section B.2 or cash pursuant to Section B.3 B.4 shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements as determined by the Company, and in connection therewith the Company is hereby authorized to withhold from any cash or Stock remuneration then or thereafter payable to Employee any tax required to be withheld by reason of such resulting compensation income.

Appears in 3 contracts

Samples: Waiver Agreement (Plum Creek Timber Co Inc), Award Agreement (Plum Creek Timber Co Inc), Award Agreement (Plum Creek Timber Co Inc)

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