Required Tax Payment definition

Required Tax Payment has the meaning assigned that term in Section 4.05(c).

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Required Tax Payment means such amount as the Company may be required, under all applicable federal, state, local or other laws or regulations, to withhold and pay over as income or other withholding taxes and social insurance contributions with respect to any Option exercise, disposition of the Option or disposition of Option Shares.

Required Tax Payment means such amount as the Company may be required, under all applicable federal, state, local or other laws or regulations, to withhold and pay over as income or other withholding taxes and social insurance contributions with respect to any Option exercise, disposition of the Option or dispositiotan of Option Shares.

Examples of Required Tax Payment in a sentence

• Such withholding may be applied, at the sole discretion of the Company, by liquidating such amount of Shares which would otherwise be delivered to the holder having an aggregate Fair Market Value, determined as of the vesting date, equal to the Required Tax Payment, as is necessary to enable the Employer to satisfy any such obligation.

• Therefore, as a condition precedent to the issuance or delivery of any Restricted Stock Units pursuant to grant made hereunder, any taxes and/or and social security contributions which may be required to be withheld or paid as a result of, in connection with or with respect to the grant, issue, vesting or exercise of such award (as applicable) (the "Required Tax Payment").

• Any fraction of a share of Common Stock which would be required to satisfy any Required Tax Payment will be disregarded and the remaining amount due must be paid in cash by Holder.

• The Company shall withhold the whole number of shares sufficient to make the Required Tax Payments and shall make a cash payment to the Participant for the difference between the Fair Market Value of the Shares and the Required Tax Payment.

• Any fraction of a share of Common Stock which would be required to satisfy any Required Tax Payment will be disregarded and the remaining amount due must be paid in cash by Optionee.

• The Company shall withhold the whole number of shares sufficient to make the Required Tax Payments and shall make a cash payment to the Participant for the difference between the Fair Market Value of the Shares withheld, on the date the tax is determined, and the Required Tax Payment.

• The Company is not aware of any claims by any taxing authority that the Company has failed to file or request an extension to file any Tax Return or has failed to make any Required Tax Payment.

• In the event a Member elects not to make a loan to fund its full Distribution Percentage of the amount necessary to pay such Required Tax Payment, then the other Members shall have the right to fund their pro rata share of the shortfall through Tax Payment Loans up to the full amount necessary to pay all such Required Tax Payment.

• Notwithstanding the foregoing, after the Required Tax Payment is paid in full, any funds remaining in the Real Estate Tax Escrow Account may be released according to the provisions of the Real Estate Tax Escrow Agreement.

• The Company shall, or shall cause the applicable Subsidiary or Subsidiaries of the Company to, accept such Tax Payment Loan and use the proceeds of such Tax Payment Loan to make the applicable Required Tax Payment.

More Definitions of Required Tax Payment

Required Tax Payment means any payment the Issuer is required to make to the Tax Authority as a result of the tax representation made by the Offeror in the Portfolio Offer Deed, proving to be untrue; and

Required Tax Payment shall have the meaning given to such term in Section 6.15(a).

Required Tax Payment shall have the meaning set forth in Section 9(a) of this Attachment.

Required Tax Payment has the meaning set forth in Section 2.6.