Withholding Obligations definition

Withholding Obligations means any federal, provincial, state or local law relating to withholding of tax or other required deductions, including the amount, if any, includable in the income of a Participant; and

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Withholding Obligations shall have the meaning set forth in Section 13.12.

Withholding Obligations means the amount of federal, state and local income and payroll taxes the Corporation determines in good faith must be withheld with respect to a ▇▇▇▇ Payment. Withholding Obligations may be settled by the Participant, as permitted by the Committee in its discretion, in cash, previously owned shares of common stock of the Corporation or any combination of the foregoing.

Examples of Withholding Obligations in a sentence

• If a Sell to Cover is the method by which Withholding Obligations are satisfied, Participant agrees that as part of the Sell to Cover, additional Shares may be sold to satisfy any associated broker or other fees.

• Any proceeds from the sale of Shares pursuant to a Sell to Cover that are in excess of the Withholding Obligations and any associated broker or other fees will be paid to Participant in accordance with procedures the Company may specify from time to time.

• If Net Share Withholding is the method by which such Withholding Obligations are satisfied, the Company will not withhold on a fractional Share basis to satisfy any portion of the Withholding Obligations and, unless the Company determines otherwise, no refund will be made to Participant for the value of the portion of a Share, if any, withheld in excess of the Withholding Obligations.

• For clarification purposes, in no event will the Company issue Participant any Shares unless and until arrangements satisfactory to the Administrator have been made for the payment of Participant’s Withholding Obligations.

• Any request by Participant to satisfy Minimum Withholding Obligations by surrendering shares of Stock owned by Participant prior to the date of such satisfaction must be specifically approved in advance by the Committee.

More Definitions of Withholding Obligations

Withholding Obligations has the meaning assigned in Section 11.03.

Withholding Obligations has the meaning ascribed thereto in Section 2.10.

Withholding Obligations shall have the meaning set forth in Section 8.8.

Withholding Obligations means the applicable requirements of any federal, provincial, state or local law, or any administrative policy of any applicable tax authority, relating to the withholding of tax or any other required deductions with respect to Option grants.

Withholding Obligations shall have the meaning ascribed to such term in Section 6.20(a) hereof.

Withholding Obligations shall have the meaning ascribed thereto in Section 6.3.

Withholding Obligations means the applicable requirements of any federal, provincial, state or local law, or any administrative policy of any applicable tax authority (including HM Revenue and Customs), relating to the withholding of tax or any other required deductions as a consequence of an Eligible Participant’s participation in this RSU Plan including by reason of grant, vesting, settlement, cancellation, termination, surrender, forfeit, release, assignment, or otherwise of a Restricted Share Unit including, for the avoidance of doubt and without limitation, any liability arising after the termination of the Eligible Participant's employment or office held with the Corporation for whatever reason and which may arise or be incurred in any jurisdiction whatsoever, and by the law of the same juridction may or shall be recovered from the person entitled to the Restricted Share Unit.