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.
Appears in 3 contracts
Sources: Phantom Stock Unit Agreement, Phantom Stock Unit Grant Agreement (Callaway Golf Co), Phantom Stock Unit Grant Agreement (Callaway Golf Co)