Common use of Withholding Rights Clause in Contracts

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 16 contracts

Samples: Agreement and Plan of Merger (Registry Inc), Agreement and Plan of Merger (Autonomous Technologies Corp), Agreement and Plan of Merger (Registry Inc)

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Withholding Rights. Parent or and the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise any consideration payable pursuant to this Agreement to any Person who was a holder of Company Common Stock immediately prior to the Effective Time such amounts as Parent or the Exchange Agent is may be required to deduct and withhold with respect to the making of such payment under the Code, Code or any other provision of federal, state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares in respect of which Person to whom such deduction and withholding was made by Parent or the Exchange Agentconsideration would otherwise have been paid.

Appears in 9 contracts

Samples: Agreement and Plan of Merger (Teva Pharmaceutical Industries LTD), Agreement and Plan of Merger (Nupathe Inc.), Agreement and Plan of Merger (Nupathe Inc.)

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Internal Revenue Code of 1986, as amended (the "Code"), or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 6 contracts

Samples: Agreement and Plan of Merger (American Medical Response Inc), Agreement and Plan of Merger (BMG North America LTD), Agreement and Plan of Merger (Oxford Automotive Inc)

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement Plan to any holder of Company Common Stock such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement Plan as having been paid to the holder of the Shares in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 6 contracts

Samples: Agreement and Plan of Merger (Citizens Banking Corp), Stock Option Agreement (Citizens Banking Corp), Agreement and Plan of Merger (F&m Bancorporation Inc)

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration consideration otherwise payable pursuant to this Agreement to any holder of shares of Company Common Stock such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares shares of Company Common Stock in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (First Community Bancorp /Ca/), Agreement and Plan of Merger (First Community Bancorp /Ca/), Agreement and Plan of Merger (Americanwest Bancorporation)

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares shares of Company Common Stock in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Adt Limited), Agreement and Plan of Merger (Adt Limited), Agreement and Plan of Merger (Equity Corp International)

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares shares of Parent Common Stock in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Media 100 Inc), Agreement and Plan of Merger (Digital Origin Inc), Agreement and Plan of Merger (Data General Corp)

Withholding Rights. Each of Parent or the and Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock Shares such amounts as Parent or the Exchange Agent it is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax Tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, as the case may be, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares in respect of which such deduction and withholding was made by Parent or the Exchange Agent, as the case may be.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Black Hills Corp /Sd/)

Withholding Rights. Parent or the Exchange Agent shall be ------------------ entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares shares of Parent Common Stock in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Emc Corp), Agreement and Plan of Merger (Emc Corp)

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock Stock, such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Precis Smart Card Systems Inc), Agreement and Plan of Merger (Aarow Environmental Group Inc)

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 1 contract

Samples: Agreement and Plan of Merger (HMSR Inc)

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock Shares such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax Tax law. To the extent that amounts are so deducted and withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares in respect of which such deduction and withholding was made by Parent or the Exchange Paying Agent.

Appears in 1 contract

Samples: Shareholder Agreement (Centennial Bank Holdings, Inc.)

Withholding Rights. Each of Parent or the and Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock Shares such amounts as Parent or the Exchange Agent it is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax Tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, as the case may be, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares in respect of which such deduction and withholding was made by Parent or the Exchange Agent., as the case may be. •

Appears in 1 contract

Samples: Agreement and Plan of Merger (Great Plains Energy Inc)

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Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration consideration otherwise payable pursuant to this Agreement to any holder of shares of Company Common Stock such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares shares of Company Stock in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 1 contract

Samples: Agreement and Plan of Merger (First Community Bancorp /Ca/)

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax lawTax Law. To the extent that amounts are so deducted and withheld by Parent or the Exchange Agent, such deducted and withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares Company Common Stock in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Atmi Inc)

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock Shares such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization and Merger (E Tek Dynamics Inc)

Withholding Rights. Parent or the Exchange Agent its exchange agent shall be entitled to deduct and withhold from the Merger Consideration Shares otherwise payable pursuant to this Agreement to any holder of Company Common Stock such amounts as Parent or the Exchange Agent exchange agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax lawLaw. To the extent that amounts are so withheld by Parent or the Exchange Agentits exchange agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares shares of Company Common Stock or Blue Sun Units in respect of which such deduction and withholding was made by Parent or the Exchange Agentits exchange agent.

Appears in 1 contract

Samples: Agreement and Plan of Merger (M Wave Inc)

Withholding Rights. Parent The Exchange Agent or the Exchange Agent Parent shall be entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, Code or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent Exchange Agent or the Exchange AgentParent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Participating Shares in respect of which such deduction and withholding was made by Parent the Exchange Agent or the Exchange AgentParent.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Asa International LTD)

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise any consideration payable pursuant to this Agreement to any Person who was a holder of Company Common Stock Stock, options or other securities or rights immediately prior to the Effective Time such amounts as Parent or the Exchange Agent is may be required to deduct and withhold with respect to the making of such payment under the Code, or any provision of federal, state, local or foreign tax Tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares in respect of which Person to whom such deduction and withholding was made by Parent or the Exchange Agentconsideration would otherwise have been paid.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Provena Foods Inc)

Withholding Rights. Parent or the Exchange Agent shall be entitled to deduct and withhold from the Merger Consideration otherwise payable pursuant to this Agreement to any holder of Company Common Stock such amounts as Parent or the Exchange Agent is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by Parent or the Exchange Agent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares in respect of which such deduction and withholding was made by Parent or the Exchange Agent.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cytotherapeutics Inc/De)

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