Common use of Withholding Taxes; No Section 83(b) Election Clause in Contracts

Withholding Taxes; No Section 83(b) Election. (a) The Participant expressly acknowledges that the delivery of Shares to the Participant will give rise to “wages” subject to withholding. Unless the Participant provides notice to the Company prior to the delivery of the Shares that the Participant will make payment to the Company on the date of delivery to satisfy all required withholding taxes, the Participant hereby authorizes the Company to hold back from the shares to be delivered pursuant to Section 4 of this Agreement of that number of shares calculated to satisfy all such federal, state, local or other applicable taxes required to be withheld in connection with such delivery of Shares; provided, however, that the total tax withholding where Shares are being used to satisfy such tax obligations cannot exceed the Company’s minimum statutory withholding obligations (based on minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to such wages). (b) The Participant acknowledges that no election under Section 83(b) of the Code may be filed with respect to this Award.

Appears in 13 contracts

Samples: Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.)

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Withholding Taxes; No Section 83(b) Election. (a) The Participant expressly acknowledges that the delivery of Shares to the Participant will give rise to “wages” subject to withholding. Unless the Participant provides notice to the Company prior to the delivery of the Shares that the Participant will make payment to the Company on the date of delivery to satisfy all required withholding taxes, the Participant hereby authorizes the Company to hold back from the shares to be delivered pursuant to Section 4 of this Agreement of that number of shares calculated to satisfy all such federal, state, local or other applicable taxes required to be withheld in connection with such delivery of Shares; provided, however, that the total tax withholding where Shares are being used to satisfy such tax obligations cannot exceed the Company’s minimum statutory withholding obligations (based on minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to such wages). (b) The Participant acknowledges that no election under Section 83(b) of the Code may be filed with respect to this Award.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.)

Withholding Taxes; No Section 83(b) Election. (a) The Participant expressly acknowledges that the delivery of Shares to the Participant will give rise to "wages" subject to withholding. Unless the Participant provides notice to the Company prior to the delivery of the Shares that the Participant will make payment to the Company on the date of delivery to satisfy all required withholding taxes, the Participant hereby authorizes the Company to hold back from the shares to be delivered pursuant to Section 4 of this Agreement of that number of shares calculated to satisfy all such federal, state, local or other applicable taxes required to be withheld in connection with such delivery of Shares; provided, however, that the total tax withholding where Shares are being used to satisfy such tax obligations cannot exceed the Company’s minimum statutory withholding obligations (based on minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to such wages). (b) The Participant acknowledges that no election under Section 83(b) of the Code may be filed with respect to this Award.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.)

Withholding Taxes; No Section 83(b) Election. (a) The Participant expressly acknowledges that the delivery of Shares to the Participant will give rise to "wages" subject to withholding. Unless the Participant provides notice to the Company prior to the delivery of the Shares that the Participant will make payment to the Company on the date of delivery to satisfy all required withholding taxes, the Participant hereby authorizes the Company to hold back from the shares to be delivered pursuant to Section 4 of this Agreement of that number of shares calculated to satisfy all such federal, state, local or other applicable taxes required to be withheld in connection with such delivery of Shares; provided, however, that the total tax withholding where Shares are being used to satisfy such tax obligations cannot exceed the Company’s minimum statutory withholding obligations (based on minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to such wages). (b) The Participant acknowledges that no election under Section 83(b) of the Code may be filed with respect to this Award.

Appears in 3 contracts

Samples: Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.)

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Withholding Taxes; No Section 83(b) Election. (a) The Participant expressly acknowledges that the delivery of Shares to the Participant will give rise to “wages” subject to withholding. Unless the Participant provides notice to the Company prior to the delivery of the Shares that the Participant will make payment to the Company on the date of delivery to satisfy all required withholding taxes, the Participant hereby authorizes the Company to hold back from the shares to be delivered pursuant to Section 4 of this Agreement of that number of shares calculated to satisfy all such federal, state, local local, or other applicable taxes required to be withheld in connection with such delivery of Shares; provided, however, that the total tax withholding where Shares are being used to satisfy such tax obligations cannot exceed the Company’s minimum statutory withholding obligations (based on minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to such wages). (b) The Participant acknowledges that no election under Section 83(b) of the Code may be filed with respect to this Award.

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.)

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