Required Withholdings definition

Required Withholdings means the federal, state or local employment taxes, including applicable FICA taxes required to be withheld under Section 3101 of the Code from any (a) Elective Deferrals, (b) elective deferrals on behalf of the Participant to the Qualified Plan, (c) contributions by the Participant to any welfare benefit plan maintained by the Bank, and/or (d) any other compensation not paid to the Participant in cash, and all federal, state or local income taxes attributable thereto required to be withheld from income, and any additional federal, state or local income or employment taxes attributable to such withholdings. The Administrator shall determine Required Withholdings in its discretion.
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Examples of Required Withholdings in a sentence

  • The wage portion shall be paid net of all Employee’s Taxes and Required Withholdings, including federal, state, and local income tax, FICA taxes, and federal and state unemployment taxes.

  • If the Company is unable to withhold the same, the Optionee hereby agrees to pay the Required Withholdings to the Company promptly upon demand therefore.

  • If the Company is unable to withhold the same, Participant hereby agrees (i) to pay the Required Withholdings to the Company promptly upon demand therefore, and (ii) that in the event he fails to do so, the Company may unilaterally transfer into its own name from any certificates representing Shares subject to the Award being held by the Company, a number of Shares having a Fair Market Value equal to the amount of the Required Withholdings.

  • The Parties agree that the Employee’s Taxes and Required Withholdings with respect to the wage portion of the Individual Class Payment will be withheld from the Individual Class Payment.

  • If Licensee makes a claim under this Section ‎6.6.3 (Failure to Withhold), and ▇▇▇▇▇▇▇ provides it with the requisite payment, Licensee will comply with the obligations imposed by Section 6.6.2 (Required Withholdings) as it would have had Licensee withheld taxes from a payment to ▇▇▇▇▇▇▇.

  • At the Closing: 9 2.5 Required Withholdings 10 2.6 Additional Option.