Common use of Withholding Taxes; Section 83(b) Election Clause in Contracts

Withholding Taxes; Section 83(b) Election. (a) No Shares will be delivered pursuant to the vesting of an RSU unless and until the Participant pays to the Company, or makes provision satisfactory to the Company for payment of, the amount (with respect to such vesting, the “Withholding Amount”) of the Company’s minimum statutory withholding obligations with respect to the income recognized by the Participant upon such vesting, based on minimum statutory withholding rates for all tax purposes, including payroll and social security taxes, that are applicable to such income. (b) The Participant acknowledges that no election under Section 83(b) of the Code may be filed with respect to the RSUs.

Appears in 12 contracts

Samples: Restricted Stock Unit Agreement (Centene Corp), Restricted Stock Unit Agreement (Centene Corp), Restricted Stock Unit Agreement

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Withholding Taxes; Section 83(b) Election. (a) No Shares will be delivered pursuant to the vesting of an RSU unless and until the Participant pays to the Company, or makes provision satisfactory to the Company for payment of, the amount (with any federal, state or local withholding taxes required by law to be withheld in respect to such vesting, the “Withholding Amount”) of the Company’s minimum statutory withholding obligations with respect to the income recognized by the Participant upon such vesting, based on minimum statutory withholding rates for all tax purposes, including payroll and social security taxes, that are applicable to such incomethis option. (b) The Participant acknowledges that no election under Section 83(b) of the Internal Revenue Code of 1986 may be filed with respect to the RSUsthis award.

Appears in 9 contracts

Samples: Restricted Stock Unit Agreement (First Marblehead Corp), Restricted Stock Unit Agreement (First Marblehead Corp), Restricted Stock Unit Agreement (First Marblehead Corp)

Withholding Taxes; Section 83(b) Election. (a) No Shares will be delivered pursuant to the vesting of an RSU unless and until the Participant pays to the Company, or makes provision satisfactory to the Company for payment of, the amount (with any federal, state or local withholding taxes required by law to be withheld in respect to of such vesting, the “Withholding Amount”) of the Company’s minimum statutory withholding obligations with respect to the income recognized by the Participant upon such vesting, based on minimum statutory withholding rates for all tax purposes, including payroll and social security taxes, that are applicable to such incomeRSU. (b) The Participant acknowledges that no election under Section 83(b) of the Code may be filed with respect to the RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Centene Corp)

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Withholding Taxes; Section 83(b) Election. (a) No Shares will be delivered pursuant to the vesting of an RSU unless and until the Participant pays to the Company, or makes provision satisfactory to the Company for payment of, the amount (with respect to such vesting, the "Withholding Amount") of the Company’s 's minimum statutory withholding obligations with respect to the income recognized by the Participant upon such vesting, based on minimum statutory withholding rates for all tax purposes, including payroll and social security taxes, that are applicable to such income. (b) . The Participant acknowledges that no election under Section 83(b) of the Code may be filed with respect to the RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Centene Corp)

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