Withholding of Tax. To the extent that the receipt of the Restricted Shares or the lapse of any Forfeiture Restrictions results in income to Employee for federal or state income 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 or shares of unrestricted Shares as the Company may require to meet its withholding obligation under applicable tax laws or regulations, and, if Employee fails to do so, the Company is authorized to withhold from any cash or Share 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: Restricted Share Agreement (Corporate Office Properties Trust), Restricted Share Agreement (Corporate Office Properties Trust), Restricted Share Agreement (Corporate Office Properties Trust)
Withholding of Tax. To the extent that the receipt of the Restricted ------------------ Shares or the lapse of any Forfeiture Restrictions results in income to Employee for federal or state income 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 or shares of unrestricted Shares Stock as the Company may require to meet its withholding obligation under applicable tax laws or regulations, and, if Employee fails to do so, the Company is authorized to withhold from any cash or Share Stock remuneration then or thereafter payable to Employee any tax required to be withheld by reason of such resulting compensation income.
Appears in 5 contracts
Samples: Executive Employment Agreement (Halliburton Co), Executive Employment Agreement (Halliburton Co), Executive Employment Agreement (Halliburton Co)
Withholding of Tax. To the extent that the receipt sale of the Restricted Shares or the lapse of any the Forfeiture Restrictions results in income to the Employee for federal federal, state or state local income or employment 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 or shares of unrestricted Shares as the Company may require to meet its withholding obligation under applicable tax laws or regulations, and, if the Employee fails to do so, the Company is authorized to withhold from any cash or Share remuneration then or thereafter payable to the Employee any tax required to be withheld by reason of such resulting compensation income.
Appears in 3 contracts
Samples: Restricted Stock Award Agreement (Red Hat Inc), Restricted Stock Award Agreement (Red Hat Inc), Restricted Stock Award Agreement (Red Hat Inc)
