Common use of Withholding of Tax Clause in Contracts

Withholding of Tax. To the extent that the receipt of the Restricted Stock Units (or any Common Stock or dividend equivalents related thereto) or the lapse of any Forfeiture Restrictions results in compensation, income or wages to Employee for federal, state, or local tax purposes, Employee shall deliver to the Company at the time of such receipt or lapse, as the case may be, such amount of money as the Company may require to meet its minimum obligation under applicable tax laws or regulations, and if Employee fails to do so (or if Employee instructs the Company to withhold cash or stock to meet such obligation), the Company shall withhold from any cash or stock remuneration (including withholding any shares of the Common Stock distributable to Employee under this Agreement) then or thereafter payable to Employee, any tax required to be withheld by reason of such resulting compensation income or wages. The Company is making no representation or warranty as to the tax consequences to Employee as a result of the receipt of the Restricted Stock Units, the treatment of dividend equivalents, the lapse of any Forfeiture Restrictions, or the forfeiture of any Restricted Stock Units pursuant to the Forfeiture Restrictions.

Appears in 14 contracts

Samples: Restricted Stock Unit (Expro Group Holdings N.V.), Restricted Stock Unit (Expro Group Holdings N.V.), Restricted Stock Unit Agreement (Expro Group Holdings N.V.)

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Withholding of Tax. To the extent that the receipt of the Restricted Stock Units (or any Common Stock or dividend equivalents related thereto) or the lapse of any Forfeiture Restrictions results in compensation, compensation income or wages to Employee the Grantee for federal, state, or local tax purposes, Employee the Grantee shall deliver to the Company at the time of such receipt or lapse, as the case may be, such amount of money as the Company may require to meet its minimum obligation under applicable tax laws or regulations, and if Employee the Grantee fails to do so (or if Employee the Grantee instructs the Company to withhold cash or stock to meet such obligation), the Company shall withhold from any cash or stock remuneration (including withholding any shares of the Common Stock distributable to Employee the Grantee under this Agreement) then or thereafter payable to Employee, the Grantee any tax required to be withheld by reason of such resulting compensation income or wages. The Company is making no representation or warranty as to the tax consequences to Employee the Grantee as a result of the receipt of the Restricted Stock Units, the treatment of dividend equivalents, the lapse of any Forfeiture Restrictions, or the forfeiture of any Restricted Stock Units pursuant to the Forfeiture Restrictions.

Appears in 5 contracts

Samples: Restricted Stock Unit (Rsu) Agreement (Expro Group Holdings N.V.), Restricted Stock Unit (Rsu) Agreement (Expro Group Holdings N.V.), Non Employee Directors (Frank's International N.V.)

Withholding of Tax. To the extent that the receipt of the Restricted Stock Units (or any Common Stock or dividend equivalents related thereto) or the lapse of any Forfeiture Restrictions results in compensation, compensation income or wages to the Employee for federal, state, or local tax purposes, the Employee shall deliver to the Company at the time of such receipt or lapse, as the case may be, such amount of money as the Company may require to meet its minimum obligation under applicable tax laws or regulations, and if the Employee fails to do so (or if the Employee instructs the Company to withhold cash or stock to meet such obligation), the Company shall withhold from any cash or stock remuneration (including withholding any shares of the Common Stock distributable to the Employee under this Agreement) then or thereafter payable to Employee, the Employee any tax required to be withheld by reason of such resulting compensation income or wages. The Company is making no representation or warranty as to the tax consequences to the Employee as a result of the receipt of the Restricted Stock Units, the treatment of dividend equivalents, the lapse of any Forfeiture Restrictions, or the forfeiture of any Restricted Stock Units pursuant to the Forfeiture Restrictions.

Appears in 4 contracts

Samples: Restricted Stock Unit (Frank's International N.V.), Restricted Stock Unit (Frank's International N.V.), Restricted Stock Unit Agreement (Frank's International N.V.)

Withholding of Tax. To the extent that the receipt of the Restricted Stock Units Shares (or any Common Stock or dividend equivalents related theretodividends thereon) or the lapse of any Forfeiture Restrictions results in compensation, compensation income or wages to the Employee for federal, state, state or local tax purposes, the Employee shall deliver to the Company at the time of such receipt or lapse, as the case may be, such amount of money as the Company may require to meet its minimum obligation under applicable tax laws or regulations, and if the Employee fails to do so (or if the Employee instructs the Company to withhold cash or stock to meet such obligation), the Company shall is authorized to withhold from any cash or stock remuneration (including withholding any shares of the Common Stock Restricted Shares or Earned Shares distributable to the Employee under this Agreement) then or thereafter payable to Employee, the Employee any tax required to be withheld by reason of such resulting compensation income or wages. The Company is making no representation or warranty as to the tax consequences to the Employee as a result of the receipt of the Restricted Stock UnitsShares, the treatment of dividend equivalentsdividends, the lapse of any Forfeiture Restrictions, or the forfeiture of any Restricted Stock Units Shares pursuant to the Forfeiture Restrictions.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Targa Resources Corp.), Restricted Stock Agreement (Targa Resources Corp.), Restricted Stock Agreement (Targa Resources Corp.)

Withholding of Tax. To the extent that the receipt of the Restricted Stock Units (or any Common Stock or dividend equivalents related thereto) or the lapse of any Forfeiture Restrictions results in compensation, income or wages to Employee for federal, state, or local tax purposes, Employee shall deliver to the Company at the time of such receipt or lapse, as the case may be, such amount of money as the Company may require to meet its minimum obligation under applicable tax laws or regulations, and if Employee fails to do so (or if Employee instructs the Company to withhold cash or stock Common Stock to meet such obligation), the Company shall withhold from any cash or stock Common Stock remuneration (including withholding any shares of the Common Stock distributable to Employee under this Agreement) then or thereafter payable to Employee, any tax required to be withheld by reason of such resulting compensation income or wages. The Company is making no representation or warranty as to the tax consequences to Employee as a result of the receipt of the Restricted Stock Units, the treatment of dividend equivalents, the lapse of any Forfeiture Restrictions, or the forfeiture of any Restricted Stock Units pursuant to the Forfeiture Restrictions.

Appears in 1 contract

Samples: Employee Restricted Stock (Expro Group Holdings N.V.)

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Withholding of Tax. To the extent that the receipt of the Restricted Stock Units Shares (or any Common Stock or dividend equivalents related theretodividends thereon) or the lapse of any Forfeiture Restrictions results in compensation, compensation income or wages to the Employee for federal, state, state or local tax purposes, the Employee shall deliver to the Company at the time of such receipt or lapse, as the case may be, such amount of money as the Company may require to meet its minimum obligation under applicable tax laws or regulations, and if the Employee fails to do so (or if the Employee instructs the Company to withhold cash or stock to meet such obligation), the Company shall withhold from any cash or stock remuneration (including withholding any shares of the Common Stock Restricted Shares or Earned Shares distributable to the Employee under this Agreement) then or thereafter payable to Employee, the Employee any tax required to be withheld by reason of such resulting compensation income or wages. The Company is making no representation or warranty as to the tax consequences to the Employee as a result of the receipt of the Restricted Stock UnitsShares, the treatment of dividend equivalentsdividends, the lapse of any Forfeiture Restrictions, or the forfeiture of any Restricted Stock Units Shares pursuant to the Forfeiture Restrictions.

Appears in 1 contract

Samples: Restricted Stock Agreement (Targa Resources Corp.)

Withholding of Tax. To the extent that the receipt of the Restricted Stock Units (or any Common Stock or dividend equivalents related thereto) or the lapse of any Forfeiture Restrictions and payment in connection therewith results in compensation, compensation income or wages to Employee the Grantee for federal, state, or local tax purposes, Employee the Grantee shall deliver to the Company at the time of such receipt or lapse, as the case may be, such amount of money as the Company may require to meet its minimum obligation under applicable tax laws or regulations, and if Employee the Grantee fails to do so (or if Employee the Grantee instructs the Company to withhold cash or stock to meet such obligation), the Company shall is authorized to withhold from any cash or stock remuneration (including withholding any shares of the Common Stock distributable to Employee the Grantee under this Agreement) then or thereafter payable to Employee, the Grantee any tax required to be withheld by reason of such resulting compensation income or wages. The Company is making no representation or warranty as to the tax consequences to Employee the Grantee as a result of the receipt of the Restricted Stock Units, the treatment of dividend equivalents, the lapse of any Forfeiture Restrictions, or the forfeiture of any Restricted Stock Units pursuant to the Forfeiture Restrictions.

Appears in 1 contract

Samples: Rsu) Agreement (Rice Energy Inc.)

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