SWN » Topics » Withholding Taxes

These excerpts taken from the SWN 10-K filed Feb 26, 2009.

7.  Withholding Taxes


Upon the payment to the Participant of the Payment Value of the Performance Unit or any deferral of such payment, Southwestern shall have the right to withhold from any such payment required to be made pursuant thereto or such deferral an amount sufficient to satisfy the Federal, state and/or local withholding tax requirements, if any, attributable to such payment.


7.
 Withholding Taxes




Upon
the payment to the Participant of the Payment Value of the Performance Unit or
any deferral of such payment, Southwestern shall have the right to withhold from
any such payment required to be made pursuant thereto or such deferral an amount
sufficient to satisfy the Federal, state and/or local withholding tax
requirements, if any, attributable to such payment.




This excerpt taken from the SWN 8-K filed Dec 14, 2006.

Withholding Taxes


(a)  Cash Remittance


Whenever shares of Company Stock are to be issued upon the occurrence of the Issue Date or the Vesting Date and whenever dividends are paid in respect of non-vested shares of restricted stock, the Company shall have the right to require the Participant to remit to the Company in cash an amount sufficient to satisfy federal, state and local withholding tax requirements, if any, attributable to such occurrence prior to the delivery of any certificate or certificates for such shares.


(b)  Stock Remittance


Subject to Section 14(b) of the Plan, at the election of the Participant, subject to the approval of the Committee, when shares of Company Stock are to be issued upon the occurrence of the Issue Date or the Vesting Date, in lieu of the remittance required by Section 14(b) of the Plan, the Participant may tender to the Company a number of shares of Company Stock determined by such Participant, the Fair Market Value of which at the tender date the Committee determines to be sufficient to satisfy the federal, state and local withholding tax requirements, if any, attributable to such exercise and not greater than the Participant's estimated total federal, state and local tax obligations associated with such exercise.


(c)  Stock Withholding


The Company shall have the right, when shares of Company Stock are to be issued upon the occurrence of the Issue Date or the Vesting Date, in lieu of requiring the remittance required by Section 14(c) of the Plan, to withhold a number of such shares, the Fair Market Value of which at the exercise date the Committee determines to be sufficient to satisfy the federal, state and local withholding tax requirements, if any, attributable to such occurrence and is not greater than the Participant's estimated total federal, state and local tax obligations associated with such exercise.


These excerpts taken from the SWN 8-K filed Dec 13, 2005.

Withholding Taxes


(a)  Cash Remittance


Whenever shares of Company Stock are to be issued upon the occurrence of the Issue Date or the Vesting Date and whenever dividends are paid in respect of non-vested shares of restricted stock, the Company shall have the right to require the Participant to remit to the Company in cash an amount sufficient to satisfy federal, state and local withholding tax requirements, if any, attributable to such occurrence prior to the delivery of any certificate or certificates for such shares.


(b)  Stock Remittance


Subject to Section 14(b) of the Plan, at the election of the Participant, subject to the approval of the Committee, when shares of Company Stock are to be issued upon the occurrence of the Issue Date or the Vesting Date, in lieu of the remittance required by Section 14(b) of the Plan, the Participant may tender to the Company a number of shares of Company Stock determined by such Participant, the Fair Market Value of which at the tender date the Committee determines to be sufficient to satisfy the federal, state and local withholding tax requirements, if any, attributable to such exercise and not greater than the Participant's estimated total federal, state and local tax obligations associated with such exercise.


(c)  Stock Withholding


The Company shall have the right, when shares of Company Stock are to be issued upon the occurrence of the Issue Date or the Vesting Date, in lieu of requiring the remittance required by Section 14(c) of the Plan, to withhold a number of such shares, the Fair Market Value of which at the exercise date the Committee determines to be sufficient to satisfy the federal, state and local withholding tax requirements, if any, attributable to such occurrence and is not greater than the Participant's estimated total federal, state and local tax obligations associated with such exercise.


7.  Withholding Taxes


Upon the payment to the Participant of the Payment Value of the Performance Unit or any deferral of such payment, Southwestern shall have the right to withhold from any such payment required to be made pursuant thereto or such deferral an amount sufficient to satisfy the Federal, state and/or local withholding tax requirements, if any, attributable to such payment.


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