Applicable Withholdings definition
Examples of Applicable Withholdings in a sentence
The Company will also make a cash payment, less any Applicable Withholdings Taxes, to the Eligible Employee with respect to the value of fractional Deferred Share Units still standing to the Eligible Employee's credit after the maximum number of whole Common Shares has been purchased as described above.
The number of Common Shares will be determined by dividing (i) the Deferred Share Unit Amount payable, less any Applicable Withholdings Taxes, by (ii) the Redemption Value of a Common Share as determined on the Redemption Date or, if the Redemption Date is not a trading date for shares on the Toronto and Nasdaq Stock Exchanges, on the next such trading date and the Company shall advise the Designated Broker of the specified number of whole Common Shares to be purchased on behalf of the Eligible Employee.
In addition, Sellers hereby irrevocably instruct WT to pay to (1) T▇▇▇▇▇▇▇ at the Closing the Bonus Payment reduced by any taxes and other amounts that are legally required to be withheld (the “Applicable Withholdings Amount”), and (2) AST at the Closing the Applicable Withholdings Amount.
Any cash proceeds that remain after satisfying such Applicable Withholdings shall be delivered to such former holders.