Withholding Tax Liabilities definition

Withholding Tax Liabilities means the Corporation's federal, state and any local income tax and payroll withholding tax obligations arising in connection with the exercise of an Option or the award of Bonus Stock under the Plan. Withholding Tax Liabilities does not include the Corporation's share of any payroll taxes.
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Withholding Tax Liabilities has the meaning set forth in Section 13.02(a); and “▇▇▇▇▇▇ ▇▇▇▇▇▇▇” has the meaning ascribed to it in the Reorganization Plan.
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Examples of Withholding Tax Liabilities in a sentence

  • Each Optionee or Grantee must provide the Corporation with the means to satisfy the Corporation's Withholding Tax Liabilities, with respect to any income recognized by the Optionee or Grantee as a result of the exercise of an Option or award of Bonus Stock.

  • Satisfaction of Withholding Tax Liabilities also shall be accomplished under such additional reasonable terms and conditions as the Committee deems appropriate.

  • An Option may, subject to the provisions of the Agreement under which it was granted, be exercised in whole or in part by the delivery to the Corporation of written notice of the exercise, in such form as the Committee may prescribe, accompanied by full payment of the Option Price for the Shares with respect to which the Option is exercised in accordance with Section 7.B, and by satisfaction by the Optionee of Withholding Tax Liabilities in accordance with Article 10.

  • Satisfaction of Withholding Tax Liabilities also shall be accomplished unde such additional reasonable terms and conditions as the Committee deems appropriate.

  • To the extent that participants are not subject to Withholding Tax Liabilities, payment of their Scheme proceeds may be made to them directly by the Trustee/nominee or as the Trustee/nominee and DWF may agree, following payment of the Scheme proceeds by Bidco in accordance with the settlement provisions in the Scheme Document.

  • Each Optionee or Grantee must provide the Corporation with the means to satisfy the Corporation's Withholding Tax Liabilities, with respect to any income recognized by the Optionee or Grantee as a result of the exercise of an Option or award of a Stock-Based Award (or the underlying Shares).