Applicable Withholding Sample Clauses

The Applicable Withholding clause defines the obligation of one party to withhold certain amounts from payments made to another party, typically to comply with tax laws or regulatory requirements. In practice, this means that if a payment is subject to withholding tax, the paying party will deduct the required amount before remitting the balance to the recipient, and may also be responsible for remitting the withheld amount to the appropriate tax authority. This clause ensures that both parties are aware of and comply with legal withholding obligations, thereby reducing the risk of tax non-compliance and potential penalties.
Applicable Withholding. All salary, bonus, severance and other payments identified in this Agreement are subject to applicable withholding by the Company.
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Applicable Withholding. All payments to the Executive shall be subject to all federal, state and local withholding obligations which shall be administered in accordance with the Company's customary payroll practices.
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Applicable Withholding. All payments under this Agreement shall be subject to all applicable foreign, federal, state and local withholdings, as well as all authorized or required deductions.
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Applicable Withholding. All payments under this Agreement shall be subject to all applicable foreign, federal, state and local withholdings, as well as all authorized or required deductions. The Company shall pay the Bermuda payroll tax (employer and employee portions), except for 1.7% allocated to the Executive in respect of the employ e portion. However, the Company reserves the right to review. amend and terminate this benefit at any time. Executive shall be responsible for amounts not paid by the Company, which amounts may be withheld by the Company from Executive’s compensation.
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Applicable Withholding. The compensation and benefits contemplated by this Agreement shall be subject to withholding for applicable taxes and other customary withholding obligations.
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Applicable Withholding. The Annual Payments shall be subject to and reduced by FBN’s withholding obligations required to satisfy applicable Federal, state, and local taxes, or any other applicable legal withholding requirements.
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Applicable Withholding. All amounts payable hereunder shall be subject to the withholding of all applicable taxes and deductions required by any applicable law or company sponsored plan.
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Applicable Withholding. In the event it is determined by any Taxing Authority that any payment or transfer of property under this Agreement is subject to withholding Tax or reduction under applicable Law, the Transferees shall indemnify the Transferors for the amount of any such withholding Tax or reduction determined by the Taxing Authority to be payable by the either of the Transferors. Such amounts shall be payable within five Business Days of the receipt of notice by the Transferees of such Taxing Authority's determination and (whether or not determined to be payable by the Transferors) shall not be subject to Section 8.2 or Section 8.3.
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Applicable Withholding. Any payments or benefits to be provided to the Executive, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, or any person or entity claiming through the Executive, in accordance with this Agreement or otherwise shall be subject to any applicable withholding required under federal, state or local law and any additional withholding to which the Executive has agreed. No Releasee shall be responsible for any tax imposed upon the Executive, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, or other person or entity with respect to any such payment. 7.
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Related to Applicable Withholding

  • ▇▇▇ Withholding Notwithstanding any other provision of this Agreement, the Company may withhold from amounts payable under this Agreement all federal, state, local and foreign taxes that are required to be withheld by applicable laws or regulations.

  • Share Withholding The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the minimum legally required tax withholding.

  • No Withholding The transaction contemplated herein is not subject to the tax withholding provisions of Section 3406 of the Code, or of Subchapter A of Chapter 3 of the Code or of any other provision of law.

  • Backup Withholding Federal law requires, for U.S. persons, a specified percentage of reportable interest, dividends, and proceeds from the sale of securities be withheld, unless you furnish a correct taxpayer identification number. To avoid this “backup withholding” complete and return the New Account Application, which includes the substitute W-9 Form, certifying that the taxpayer number you are furnishing is correct and that you are not subject to backup withholding. For most individuals, your taxpayer identification number and Social Security number are the same. Foreign persons claiming foreign status must complete the IRS W-8BEN Form (for joint foreign accounts, each owner submits a W-8BEN).

  • Withholding Taxes; Section 83(b) Election (a) The Participant acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with respect to the purchase of the Shares by the Participant or the lapse of the Purchase Option. (b) The Participant has reviewed with the Participant’s own tax advisors the federal, state, local and foreign tax consequences of this investment and the transactions contemplated by this Agreement. The Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Participant understands that the Participant (and not the Company) shall be responsible for the Participant’s own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement. The Participant understands that it may be beneficial in many circumstances to elect to be taxed at the time the Shares are purchased rather than when and as the Company’s Purchase Option expires by filing an election under Section 83(b) of the Code with the I.R.S. within 30 days from the date of purchase. THE PARTICIPANT ACKNOWLEDGES THAT IT IS THE PARTICIPANT’S SOLE RESPONSIBILITY AND NOT THE COMPANY’S TO FILE TIMELY THE ELECTION UNDER SECTION 83(b), EVEN IF THE PARTICIPANT REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE PARTICIPANT’S BEHALF.