Common use of Withholding Tax Requirements Clause in Contracts

Withholding Tax Requirements. Following such date on which the Restricted Stock Units granted shall become Vested Stock pursuant to this Agreement, or upon such other event that requires tax withholding pursuant to this Agreement, EDS shall have the right to withhold shares of stock or take such other actions necessary to satisfy applicable tax withholding requirements as provided under the terms of the Plan.

Appears in 3 contracts

Samples: Time Vesting Restricted Stock Unit Agreement (Electronic Data Systems Corp /De/), Time Vesting Restricted Stock Unit Agreement (Electronic Data Systems Corp /De/), Time Vesting Restricted Stock Unit Agreement (Electronic Data Systems Corp /De/)

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Withholding Tax Requirements. Following such date on which shares covered by the Restricted Stock Units granted shall have become Vested Stock pursuant to this Agreement, or upon such other event that requires tax withholding pursuant to this Agreement, EDS shall have the right to withhold shares of stock or take such other actions necessary to satisfy applicable tax withholding requirements as provided under the terms of the Plan.

Appears in 1 contract

Samples: Time Vesting Restricted Stock Unit Award Agreement (Electronic Data Systems Corp /De/)

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