Applicable Withholding Tax definition
Examples of Applicable Withholding Tax in a sentence
As an alternative to making a cash payment to the Company or the Affiliate to satisfy Applicable Withholding Tax obligations, the Committee may establish procedures permitting Participant to elect to (a) deliver shares of already owned Company Stock or (b) have the Company retain that number of shares of Company Stock from the shares otherwise deliverable under the Award, in either case with respect to which the Company has a statutory obligation to withhold taxes.
For the purposes of this Grant Agreement, the term "Applicable Withholding Tax Liability" shall include Employer NICs, and accordingly, without prejudice to the provisions of the Plan, the Participant irrevocably agrees to reimburse the Relevant Company for any Employer's NICs arising in relation to the Options (whether on grant, vesting, exercise, settlement or otherwise).
With respect to each Seller, the Purchasers shall be entitled to deduct and withhold any Applicable Withholding Tax, which amount shall be (i) timely paid or remitted to the applicable Taxing Authority and evidence of such payment shall be provided to that Seller as promptly as practicable, and (ii) treated for purposes of this Agreement as having been paid to the relevant Seller in respect of which such deduction and withholding was made by the Purchasers.
With respect to the Seller, the Purchaser shall deduct and/or withhold any Applicable Withholding Tax required by Law.