Common use of Section 83(b) Election Clause in Contracts

Section 83(b) Election. If the Participant makes an election under Section 83(b) of the Code, or any successor section thereto, to be taxed with respect to the Shares subject to the Restricted Stock Award as of the date of grant, the Participant shall deliver a copy of such election to the Company immediately after filing such election with the Internal Revenue Service, together with any required tax withholding. The Participant hereby acknowledges that it is the Participant’s sole responsibility to file timely the election under Section 83(b) of the Code.

Appears in 9 contracts

Sources: Restricted Stock Award Agreement (Helmerich & Payne, Inc.), Director Restricted Stock Award Agreement (FaZe Holdings Inc.), Director Restricted Stock Award Agreement (Helmerich & Payne, Inc.)

Section 83(b) Election. If the a Participant makes an election under Section 83(b) of the Code, or any successor section thereto, Code to be taxed with respect to the Shares subject to the Restricted Stock Award as of the date of granttransfer of the Restricted Stock rather than as of the date or dates upon which such Participant would otherwise be taxable under Section 83(a) of the Code, the such Participant shall be required to deliver a copy of such election to the Company immediately promptly after filing such election with the Internal Revenue Service, together Service along with any required tax withholding. The Participant hereby acknowledges that it is the Participant’s sole responsibility to file timely the election under Section 83(b) proof of the Codetimely filing thereof.

Appears in 6 contracts

Sources: Incentive Award Plan (Eargo, Inc.), Merger Agreement (Broadscale Acquisition Corp.), Merger Agreement (Northern Genesis Acquisition Corp. II)

Section 83(b) Election. If the Participant makes an election under Section 83(b) of the Code, or any successor section thereto, Code to be taxed with respect to the Shares subject to the Restricted Stock Award as of the date of granttransfer of the Restricted Stock rather than as of the date or dates upon which the Participant would otherwise be taxable under Section 83(a) of the Code, the Participant shall hereby agrees to deliver a copy of such election to the Company immediately promptly after filing such election with the Internal Revenue Service, together with any required tax withholding. The Participant hereby acknowledges that it is the Participant’s sole responsibility to file timely the election under Section 83(b) of the Code.

Appears in 4 contracts

Sources: Consulting Agreement (XTI Aerospace, Inc.), Employment Agreement (William Lyon Homes), Restricted Stock Award Agreement (Demand Media Inc.)

Section 83(b) Election. If the Participant Employee makes an election under Section 83(b) of the Code, or any successor section thereto, Code to be taxed with respect to the Restricted Shares subject to the Restricted Stock Award as of the date of granttransfer of the Restricted Shares rather than as of the date or dates upon which the Participant would otherwise be taxable under Section 83(a) of the Code, the Participant shall Employee hereby agrees to deliver a copy of such election to the Company immediately promptly after filing such election with the Internal Revenue Service, together with any required tax withholding. The Participant hereby acknowledges that it is the Participant’s sole responsibility to file timely the election under Section 83(b) of the Code.

Appears in 3 contracts

Sources: Restricted Stock Award Agreement (Rush Enterprises Inc \Tx\), Restricted Stock Award Agreement (Rush Enterprises Inc \Tx\), Restricted Stock Award Agreement (Rush Enterprises Inc \Tx\)

Section 83(b) Election. If If, following the exercise of any or all of the Option, the Participant makes an election under Section 83(b) of the Code, or any successor section thereto, Code to be taxed with respect to the Shares subject to the Restricted Stock Award any restricted stock as of the date of granttransfer of the restricted stock rather than as of the date or dates upon which the Participant would otherwise be taxable under Section 83 of the Code, the Participant shall be required to deliver a copy of such election to the Company immediately promptly after filing such election with the Internal Revenue Service, together with any required tax withholding. The Participant hereby acknowledges that it is the Participant’s sole responsibility to file timely the election under Section 83(b) of the Code.

Appears in 3 contracts

Sources: Option Award Agreement (Naked Brand Group Inc.), Option Award Agreement (Hochman Carole S), Option Award Agreement (Naked Brand Group Inc.)

Section 83(b) Election. If the a Participant makes an election under Section 83(b) of the Code, or any successor section thereto, to be taxed with respect to the Shares subject to the Restricted Stock Award as of the date of granttransfer of the Restricted Stock rather than as of the date or dates upon which the Participant would otherwise be taxable under Section 83(a) of the Code, the Participant shall deliver a copy of such election to the Company immediately after filing such election with the Internal Revenue Service, together with any required tax withholding. The Participant hereby acknowledges that it is the Participant’s sole responsibility to file timely the election under Section 83(b) of the Code.

Appears in 2 contracts

Sources: Incentive Compensation Plan (Houlihan Lokey, Inc.), 1997 Comprehensive Stock and Cash Incentive Plan (Host Marriott Corp/)

Section 83(b) Election. If the Participant makes an election under Section 83(b) of the Code, or any successor section thereto, Code to be taxed with respect to the Shares subject to the Restricted Stock Award as of the date of granttransfer of the Restricted Stock rather than as of the date or dates upon which Participant would otherwise be taxable under Section 83(a) of the Code, the Participant shall hereby agrees to deliver a copy of such election to the Company immediately promptly after filing such election with the Internal Revenue Service along with proof reasonably satisfactory to the Administrator of timely filing thereof with the Internal Revenue Service, together with any required tax withholding. The Participant hereby acknowledges that it is the Participant’s sole responsibility to file timely the election under Section 83(b) of the Code.

Appears in 2 contracts

Sources: Restricted Stock Grant Agreement (Farmer Brothers Co), Restricted Stock Grant Agreement (Farmer Brothers Co)

Section 83(b) Election. If the Participant makes an election under Section 83(b) of the Code, or any successor section thereto, to be taxed with respect to the Restricted Shares subject to the Restricted Stock Award as of the date of grantGrant Date, the Participant shall deliver a copy of such election to the Company immediately after filing such election with the Internal Revenue Service, together with any required tax withholding. A form of such election is attached hereto as Exhibit A. The Participant Grantee hereby acknowledges that it is the ParticipantGrantee’s sole responsibility responsibility, and not the Company’s, to file timely the election under Section 83(b) of the Code.

Appears in 1 contract

Sources: Restricted Stock Grant Agreement (Fortive Corp)

Section 83(b) Election. If the Participant a participant makes an election under Section 83(b) of the Code, or any successor section thereto, Code to be taxed with respect to the Shares subject to the Restricted Stock Award as of the date of granttransfer of the Restricted Stock rather than as of the date or dates upon which such participant would otherwise be taxable under Section 83(a) of the Code, the Participant such participant shall be required to deliver a copy of such election to the Company immediately promptly after filing such election with the Internal Revenue Service, together Service along with any required tax withholding. The Participant hereby acknowledges that it is the Participant’s sole responsibility to file timely the election under Section 83(b) proof of the Codetimely filing thereof.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Faraday Future Intelligent Electric Inc.)

Section 83(b) Election. If the Participant makes an election under Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”), or any successor section thereto, to be taxed with respect to the Shares subject to the Restricted Stock Award as of the date Date of grantGrant, the Participant shall deliver a copy of such election to the Company immediately after filing such election with the Internal Revenue Service, together with any required tax withholding. The Participant hereby acknowledges that it is the Participant’s sole responsibility to file timely the election under Section 83(b) of the Code.

Appears in 1 contract

Sources: Director Restricted Stock Award Agreement (Helmerich & Payne, Inc.)

Section 83(b) Election. If the Participant makes an election under Section 83(b) of the Code, or any successor section thereto, to be taxed with respect to the Shares subject to the Restricted Stock Award as of the date of granttransfer of the Restricted Stock rather than as of the date or dates upon which the Participant would otherwise be taxable under Section 83(a) of the Code, the Participant shall deliver a copy of such election to the Company immediately after filing such election with the Internal Revenue Service, together with any required tax withholding. The Participant hereby acknowledges that it A sample copy of such election is the Participant’s sole responsibility to file timely the election under Section 83(b) of the Code.set forth in Annex A hereto. [signature page follows]

Appears in 1 contract

Sources: Restricted Stock Agreement (Books a Million Inc)

Section 83(b) Election. If the a Participant makes an election under Section 83(b) of the Code, or any successor section thereto, Code to be taxed with respect to the Restricted Shares subject to the Restricted Stock Award as of the date of granttransfer of the Restricted Shares rather than as of the date or dates upon which the Participant would otherwise be taxable under Section 83(a) of the Code, the Participant shall be required to deliver a copy of such election to the Company immediately promptly after filing such election with the Internal Revenue Service, together with any required tax withholding. The Participant hereby acknowledges that it is the Participant’s sole responsibility to file timely the election under Section 83(b) of the Code.

Appears in 1 contract

Sources: Omnibus Long Term Incentive Plan (Cal-Maine Foods Inc)

Section 83(b) Election. If the Participant makes an election under Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code"), or any successor section thereto, to be taxed with respect to the Shares subject to the Restricted Stock Award as of the date Date of grantGrant, the Participant shall deliver a copy of such election to the Company immediately after filing such election with the Internal Revenue Service, together with any required tax withholding. The Participant hereby acknowledges that it is the Participant’s sole responsibility to file timely the election under Section 83(b) of the Code.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Helmerich & Payne, Inc.)