Withholding Taxes definition
Examples of Withholding Taxes in a sentence
The issuance of the Shares shall be subject to the Corporation’s collection of all applicable Withholding Taxes.
The Participant shall not have any stockholder rights with respect to the Shares underlying the RSUs subject to the Award until the Participant becomes the record holder of those Shares following their actual issuance upon the Corporation’s collection of the applicable Withholding Taxes.
The procedures pursuant to which the applicable Withholding Taxes are to be collected are set forth in Paragraph 10 of this Agreement.
The Corporation may, in its discretion, satisfy the Corporation’s obligation for Withholding Taxes by withholding from the Shares otherwise deliverable to the Participant a number of whole Shares having a Fair Market Value as of the Issue Date, not in excess of the amount of such Withholding Taxes determined by using the applicable minimum statutory withholding rates, or such other amount or rate determined by the Corporation.
Expiration Date: The 11th anniversary of the Grant Date Issuance Schedule: The Shares underlying the RSUs in which the Participant vests in accordance with the Vesting Schedule set forth below (the “Issued Shares”) shall be issued, subject to the Corporation’s collection of all applicable Withholding Taxes, no later than 2 1⁄2 months following the year in which the Vesting Date (as defined below in this Award Summary) occurs (the “Issue Date”).