Common use of Withholding Generally Clause in Contracts

Withholding Generally. In connection with any relevant taxable or tax withholding event, as applicable, the Grantee will pay or make adequate arrangements satisfactory to the Company to fulfill any and all liability for Tax-Related Items. In this regard, the Grantee authorizes the Company, or its agent, at their discretion, to satisfy any applicable withholding obligations or rights with regard to Tax-Related Items by one or a combination of the following: (i) withholding from any cash compensation payable to the Grantee by the Company, (ii) withholding from proceeds of the sale of shares of Common Stock acquired upon vesting and settlement of the DSUs either through a voluntary sale or through a mandatory sale arranged by the Company (on the Grantee’s behalf pursuant to this authorization without further consent), (iii) withholding shares of Common Stock to be issued upon vesting and settlement of the DSUs, (iv) requiring the Grantee to tender a cash payment to the Company, and/or (v) any other method of withholding determined by the Company to be permitted under the Plan and applicable law and, to the extent required by the Plan or applicable law, approved by the Committee.

Appears in 1 contract

Sources: Non Employee Director Deferred Stock Unit Agreement (YETI Holdings, Inc.)

Withholding Generally. In connection with any relevant taxable or tax withholding event, as applicable, the Grantee will pay or make adequate arrangements satisfactory to the Company to fulfill any and all liability for Tax-Related Items. In this regard, the Grantee authorizes the Company, or its agent, at their discretion, to satisfy any applicable withholding obligations or rights with regard to Tax-Related Items by one or a combination of the following: (i) withholding from any cash compensation payable to the Grantee by the Company, (ii) withholding from proceeds of the sale of shares of Common Stock acquired upon vesting and settlement of the DSUs RSUs either through a voluntary sale or through a mandatory sale arranged by the Company (on the Grantee’s behalf pursuant to this authorization without further consent), (iii) withholding shares of Common Stock to be issued upon vesting and settlement of the DSUsRSUs, (iv) requiring the Grantee to tender a cash payment to the Company, and/or (v) any other method of withholding determined by the Company to be permitted under the Plan and applicable law and, to the extent required by the Plan or applicable law, approved by the Committee.

Appears in 1 contract

Sources: Non Employee Director Restricted Stock Unit Agreement (YETI Holdings, Inc.)