Taxable Event Sample Clauses
A Taxable Event clause defines the circumstances under which a transaction or action triggers a tax liability for one or more parties involved. Typically, this clause outlines what specific events—such as the transfer of assets, receipt of payments, or vesting of shares—will be considered taxable under relevant laws. By clearly identifying these events, the clause helps parties anticipate and manage their tax obligations, thereby reducing the risk of unexpected tax liabilities and ensuring compliance with applicable tax regulations.
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Taxable Event. Recipient acknowledges that the issuance/vesting/settlement of the PSUs will have significant tax consequences to Recipient and Recipient is hereby advised to consult with Recipient’s own tax advisors concerning such tax consequences. A general description of the U.S. federal income tax consequences related to the PSUs is set forth in the Plan prospectus.
Taxable Event. Recipient acknowledges that the issuance/vesting/settlement of the SUs will have significant tax consequences to Recipient and Recipient is hereby advised to consult with Recipient’s own tax advisors concerning such tax consequences. A general description of the U.S. federal income tax consequences related to SUs is set forth in the Plan prospectus.
Taxable Event. The Recipient acknowledges that the issuance of the RSU shares will have significant tax consequences to the Recipient and Recipient is hereby advised to consult with Recipient’s own tax advisors concerning such tax consequences. A general description of the U.S. federal income tax consequences related to restricted stock unit awards is set forth in the Plan Prospectus.
Taxable Event. The Recipient acknowledges that the issuance of the cash payment upon the PSU vesting will have significant tax consequences to the Recipient and Recipient is hereby advised to consult with Recipient’s own tax advisors concerning such tax consequences.
Taxable Event. Executive acknowledges that the issuance of the cash payment hereunder may have significant tax consequences to Executive, and Executive is hereby advised to consult with Executive’s own tax advisors concerning such tax consequences.
Taxable Event. In the event that the accountants of the Company or the Acquiror, or any governmental authority determines that the Optionee has a taxable event relating to all or any part of an Adjusted Award, then the Acquiror shall release from the Escrow Account an amount, in cash (or converted into cash), sufficient to pay the applicable tax due by the Optionee; provided, however, that no such amounts shall be released from the Escrow Account to the extent that the tax liability resulting from such taxable event is satisfied through appropriate withholding or other means. (k)
Taxable Event. The Recipient acknowledges that the CU will have significant tax consequences to the Recipient and Recipient is hereby advised to consult with Recipient’s own tax advisors concerning such tax consequences. A general description of the U.S. federal income tax consequences related to awards under the Plan is set forth in the Plan Prospectus.
Taxable Event. Employee acknowledges that the issuance of the cash payment upon the vesting of Units hereunder will have significant tax consequences to Employee, and Employee is hereby advised to consult with Employee’s own tax advisors concerning such tax consequences.
Taxable Event. The Recipient acknowledges that the PU will have significant tax consequences to the Recipient and Recipient is hereby advised to consult with Recipient’s own tax advisors concerning such tax consequences. A general description of the U.S. federal income tax consequences related to awards under the Plan is set forth in the Plan Prospectus.
Taxable Event. The Optionee understands that the difference between the excess of the Company’s stock price, determined on the date of exercise, and the exercise price of this option, if any, will represent compensation for tax purposes and will be included in the Participant’s annual compensation.